San Francisco Prices Reach All-Time Highs

The median prices for single-family, re-sale homes rose by double-digits for the second month in a row, setting a new all-time high.  The average price for condos/lofts set a new high last month.

Sales of homes were also up, year-over-year, for the second month in a row.

Condo/loft sales, on the other hand, were down year-over-year.

Sales prices to list price ratio has been over 100% since March 2012. The last three months it has been over 110%.

Lack of inventory and the massive amounts of cash pouring into the market from Silicon Valley and foreign buyers will continue to power the San Francisco market for the foreseeable future.

Trends at a Glance
San Francisco (Single-family Homes)
  Apr 15 Mar 15 Apr 14
Home Sales: 209 179 207
Median Price:  $1,350,000  $1,250,000  $1,100,000
Average Price:  $1,798,537  $1,788,128  $1,500,863
Sale/List Price Ratio: 113.5% 110.0% 111.8%
Days on Market: 23 24 35
San Francisco (Lofts/Townhomes/TIC)
  Apr 15 Mar 15 Apr 14
Condo Sales: 268 251 305
Median Price:  $1,100,500  $1,105,000  $   905,000
Average Price:  $1,339,529  $1,312,366  $1,122,513
Sale/List Price Ratio: 107.2% 108.3% 107.3%
Days on Market: 32 28 31

 

              San Francisco       April 2015 Sales Statistics

(Single-family Homes)

Average Sales DOM
San Francisco  $1,798,537 209 23
District 1: Northwest  $2,197,917 24 16
District 2: Central West  $1,222,743 35 23
District t 3: Southwest  $   973,941 17 21
District 4:Twin Peaks  $1,539,306 27 20
District  5: Central  $2,516,387 31 18
District  6: Central North  $3,325,000 3 22
District  7: North  $6,343,031 10 23
District 8: Northeast  $1,802,500 2 10
District 9: Central East  $1,533,160 25 17
District 10: Southeast  $   819,627 33 42
               San Francisco      April 2015 Sales Statistics

(Condos/TICs/Co-ops/Lofts)

Average Sales DOM
San Francisco  $1,339,529 268 32
District 1: Northwest  $1,219,250 8 32
District 2: Central West  $1,077,167 6 41
District 3: Southwest  $   622,500 4 15
District 4: Twin Peaks  $   974,200 5 27
District 5: Central  $1,241,649 43 19
District 6: Central North  $1,123,550 20 30
District 7: North  $1,970,488 27 24
District 8: Northeast  $1,473,850 47 44
District 9: Central East  $1,333,755 97 33
District 10: Southeast  $   683,786 7 59

Click here for the San Francisco Local Market Report for May-June 2015

An on-line report is at: http://rereport.com/sf/DanSellsSF

For the complete report with statistics and graphs for each neighborhood in San Francisco, go to market stats tab at  www.DansellsSF.com