San Francisco Real Estate is Moving Fast!

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Real Estate

Home Sales in San Francisco: September 2020 compared to September 2019

The San Francisco housing market is moving fast! The number of single-family homes sold in September 2020 was up by a whopping 83% from September of 2019! The number of condominiums sold went up by 56%. The median price for a single-family home climbed by 9% while the median price for a condominium, loft or townhome in San Francisco fell by 9%.

What Are Buyers Experiencing?

More choices: Inventory increased dramatically over the past few months
Fewer bidding wars: Single-family homes sold at an average of 7% higher than their list price compared to 12% higher in 2019
Lower prices per square foot: The average price per square foot was down by 8% for condos and 2% for single-family homes
Interest rates at record lows

What is Selling?

2945 Pacific Avenue, San Francisco, Anne Laury Real Estate

Buyers are acting quickly on properties that are well prepped and move-in ready. One example is my listing at 2945 Pacific Avenue, #5 (pictured). This one bedroom condominium went into contract within 24 hours of the MLS listing.

The real estate market is moving fast! I am ready to sprint for you! Contact me to discuss a strategy for your next move.

Sincerely,
Anne
415-336-7077

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