Our spring residential real estate market has started early and continues strong. Single family homes added 174 listings in the last 14-day reporting period; 53% higher than the same 2-week period in 2020. Compared to the previous 14-day period single family homes new listings went from 141 to 174, a 25% increase.
Condos/TICs saw an increase compared to the same 14-day
period last year of 73% from 172 to 308.
Our prior 14-day period saw a very slight decrease from 311 to 308, a 3%
decrease.
As of 3/10/2021 there was approximately 12 weeks of
available inventory for condos/TICs and there are 109 in the “coming soon”
category.
The average selling price for the five configurations we
survey each month shows that 2 bedroom, 1 bath and 3 bedroom, 2 bath single
family homes saw an increase in average selling price of 15% for the 2/1s and
3% for 3/2s compared to the previous month.
1/1 and 2/1 condos/TICs each saw an 8% increase in average
sales price while 2/2 condos/TICs saw a 2% decrease compared to the prior
month.
We also analyze residential sales by price range. One revealing item shows up when comparing the
number of single-family homes sold in 2019 vs 2020. In the price range from $1 million to $2.5
million total sales for single family homes made up 68% of all sales in 2019 but
jumped to 71% in 2020.
73% of condos/TIC sales were in the range from $800k to $1.5
million in 2020, virtually unchanged from 72% in 2019. Another 14.5% showed up in the $500k-$799k
range in both 2020 and 2019.
The full reports are available at our blog: www.boldsf.com/Statistics
Or the individual reports:
San Francisco Sales by Price Range
