San Francisco Residential Market by Price Range

Our Monthly Summary report and analyses track specific configurations of single-family homes and condos (e.g. 2 bedroom, 1 bath) with the largest number of sales.  The luxury end of our market was not truly represented in that survey and, therefore, we track residential sales by price range.  We have been tracking San Francisco residential sales by price range for about 3.5 years now. 

From our July 5th report:  for single family homes there were no homes that sold below $500K.  The largest number of sales was between $1m-$1.5m where approx. 30% of all single-family home sales were recorded.  The $1.5-$2m price range follows with 20% of closed sales.  The average days on market was 25 and 22 days respectively.
Also, the premium (selling price divided by asking price) was 112% and 111% respectively.
The next two higher price ranges ($2-$2.5m and $2.5-$3.5M) represent 11% and 13% of the total market.

80% of all single-family home sales are priced between $1M-$3.5M.

Following the generally accepted guidelines for luxury single family homes (the top 10% of the market by price) in San Francisco that would be homes priced at $3.5M and above.



Our condo/TIC market is about 56% of all residential MLS-reported sales.  There have been 29 condos that have sales prices below $500K; all but 8 of those sales were “below market” sales where the price is controlled/constrained by various city programs.

30% of all condo sales are in the $500K-$999K range.

The largest category price range is the $1M-$1.5M with 34% of all condo sales.  The second largest category with 21% of sales is $1.5M-$2M.  Average days on market for these two categories were 31 and 43 days respectively with premiums of 101% and 103%.
55% of our condo market is between $1M-$2M.

To qualify as a luxury condo in San Francisco (top 10% of the market) pricing would be $2.25M and above.

The full report is available on our web site.