This article shows that 88% of the home sales in San Francisco this year have sold for list price or higher – wow!

In SF, 79% sold over list price

We aren’t quite that hot, but there was some good action last month:

NSDCC Houses Sold Over List Price: 20%

NSDCC Houses Sold At LP: 13%

In May, 33% of the NSDCC detached-home sales close for list price or higher!  For those on range pricing, I used the high-end of the range, and I didn’t include any that were on the ‘auctions’.  Of the 100 houses that sold over $1,500,000, there were eleven that closed above their list price.

But sales are struggling:

Year
# of May Sales
Avg. Cost-per-SF
Median SP
Median DOM
2013
362
$416/sf
$943,500
16
2014
269
$465/sf
$950,000
20
2015
297
$492/sf
$1,125,000
22
2016
334
$498/sf
$1,216,250
24
2017
343
$517/sf
$1,220,000
16
2018
269
$593/sf
$1,325,000
18

Prices were way up, but there were 22% fewer sales last month, YoY!

Here are the NSDCC closed sales for January through May:

2013: 1,337

2014: 1,108

2015: 1,213

2016: 1,212

2017: 1,226

2018: 1,113

Year-to-date sales are 9% fewer than last year (through May).

Get Good Help!

Pin It on Pinterest