SF Real Estate Market Update - November 2017

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Single family home values have now posted a fifth straight month of double digit gains, reaching a median price of $1.6MM for the first time. This time last year, the median home price was $1.4MM. There has been a significant disappearance of homes sold for under $1.1MM this year. The number of transactions in this price category have decreased by nearly 20%, as compared to last year. Much of this change has occurred in neighborhoods located in the southern portion of the City. As an example, homes sold in MLS District 3 (Ingleside, Oceanview, Lakeside etc) have experienced substantial pressure, seeing the median price go from $900K to nearly $1.1MM in just one year. The Portola neighborhood has experienced similar gains, with its median now coming in at just over $1MM. Currently, there is about a one-month supply of single family homes priced under $1MM.

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Single Family
$1,600,000

+14% year-over-year
+7% ten-year average

Condo/TIC
$1,170,000

+2% year-over-year
+5% ten-year average


MEDIAN

NEIGHBORHOOD VALUES

CONDOMINIUMS

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SINGLE FAMILY HOMES

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TOP FIVE SALES - CONDO/TIC/COOP

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1890 Vallejo St

$5,300,000
$1,601/SqFt
5 bed/4.0 baths
3,310 SqFt

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2066 Green St

$3,995,000
$1,612/SqFt
3 bed/3.0 baths
2,479 SqFt

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1338 Filbert St, C

$3,810,000
$1,474/SqFt
3 bed/3.5 baths
2,585 SqFt

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550 Davis St, 20

$3,425,000
$1,522/SqFt
3 bed/2.5 baths
2,251 SqFt

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1661 Beach St

$3,400,000
$1,210/SqFt
4 bed/3.0 baths
2,810 SqFt


TOP FIVE SALES - SINGLE FAMILY

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2636 Union St

$9,285,000
$1,626/SqFt
5 bed/4.5 baths
5,710 SqFt

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2440 Vallejo St

$9,250,000

5 bed/3.0 baths

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2190 Vallejo St

$7,930,000
$1,046/SqFt
7 bed/7.5 baths
7,580 SqFt

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2361 Broadway

$7,900,000
$1,470/SqFt
5 bed/3.5 baths
5,375 SqFt

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20 Walnut St

$7,500,000
$1,631/SqFt
5 bed/4.5 baths
4,598 SqFt

Dedicated to You! From high heels to hiking boots, Cynthia Palmer, Realtor, BRE# 01445659 with Vanguard Properties, is a lot City and a little bit Country representing buyers and sellers of fine residential homes, viticulture, agriculture and commercial property in San Francisco, Sonoma and Napa Wine Country. Connect with Cynthia to find out more about how to achieve success when buying or selling your home or property in the Bay Area.