Highlights of monthly reports for April

Single Family Homes in San Francisco

Compared to March:

• 2/1 single family home sales about the same number as March.  Avg selling price was down slightly.  DOM up slightly.  Premium down slightly to 119% of asking price.

• 3/2 single family homes -- big jump in number of sales -- 52 (double compared to March).  Avg selling price down 6%. DOM dropped to 16 compared to 21 the previous month.

• All sales of single family homes: 214 compared to 177 in March (up over 20%); avg selling price down 11%; DOM up to 23 compared to 20 in March.

All Residential Sales

Compared to a year ago:

• Total number of residential sales (single family homes, condos, TICs, co-ops) was down 5% compared to April last year.  But sales are up 5% for the first four months of the year compared to the same period last year.  

• Overall, residential sales are currently at pre-pandemic levels.  

• Average sales prices for 3/2 single family homes was $1,648k in April, 8% below the all time high in 2022 of $1,773k.  (The average selling price of all single family homes in April was $2,164k -- a reminder to be cautious when talking about average selling prices).

Condos/TICs in San Francisco

• 46 1/1 condos/TICs sold in April, the same as March with an average selling price of $747k -- 12% higher than March but still well off the high average selling price in 2019 which was $871k.

• 64 2/2 condos/TICs sold in April, up slightly from March, but with an average selling price of $1,244k which was lower by 3% compared to March.  The highest average selling  price for 2/2 condos was achieved in 2019 at $1,463k.