State of the Market - San Francisco & Peninsula February 2022

Average sale price for a Single Family Home in San Francisco in January 2022 was $1,981,124 vs December of 2021 - $2,373,643. Average selling PRICE per SQFT $1,073.89. Average Listing price in January was $1,740,139. Avg Days on Market 37.

 

DOM Statistics for Closed Listings

 

Average Sale Price for Single Family Houses in San Francisco for 2022 by ZIP code

Average Sale Price for Single Family Houses in San Francisco from 2005 to 2022

 

Average Sale Price for Single Family Home in San Francisco:

 

Average Single Family Home in San Francisco in January 2022

 

 

Average sale price for the Condo/Townhomes/Coop/TIC/Loft in San Francisco in January 2022 was $1,207,886 vs December of 2021 - $1,458,411. Average selling PRICE per SQFT $1,081.57. Avg Days on Market 65.

Average sale price for 2-4 Units in San Francisco in January 2022 was $1,964,023 vs December of 2021 -  $2,389,494. Average selling PRICE per SQFT $689.85. Avg Days on Market 62 

Average sale price for 5+ units in San Francisco in January 2022 was $4,067,833 vs December of 2021 - $5,508,118. Average selling PRICE per SQFT $536.93. Avg Days on Market 129.

 

Inventory of properties for sale in San Francisco as of February 10, 2022  =  872 (613 last month)

 

 

All the properties Sold in San Francisco in January 2022 -  336 (565 last month)

 

 

There is currently about two and half (2.5) months worth of inventory, meaning if there was not another home listed, it would take just 2.5 months for all the current homes on the market to sell. Once we reach 6 months of inventory, the market will turn to a Buyer market.

From 125 Single Family Houses being sold in San Francisco in January 2022

21 SOLD BELOW asking price

9 SOLD for asking price

95 SOLD ABOVE asking price

 

13  sold for OVER $200,000.

26 SOLD for OVER $300,000,

10 SOLD for OVER $400,000.

5 SOLD for OVER $500,000,

6 SOLD for OVER $600,000,

2 SOLD for OVER $700,000,

2 SOLD for OVER $800,000

1 SOLD for OVER $900,000

2 SOLD for OVER $1,000,000

9 Single Family Houses sold under $1,000,000;

73 from $1,000,000 to $2,000,000;

25 from $2,000,000 to $3,000,000;

7 from $3,000,000 to $4,000,000;

9 from $4,000,000 to $5,000,000,

1 from $5,000,000 to $6,000,000,

1 from $7,000,000 to $8,000,000.

How crazy is your Real Estate Market?

 

Here is one of the Single Family Houses being sold in January of 2022 in San Francisco for $1,300,000 over asking price...

 

One out of 125 Single Family sold one month ago...

 

One out of 95 Single Family Houses sold OVER asking Price in San Francisco in January.

 

So what is so special about that exact house @ 2104 Divisadero St, San Francisco, CA 94115

 

Property Overview -  Elegantly renovated 4BD/3.5BA home with an ideal floor plan. The main level flows through the formal LR and DR into a custom chef's kitchen, which opens onto a landscaped garden. The upper level has 2 BR plus master with step-out balcony, walk-in closet, and en suite bath with steam shower. The lower level has the 4th BR/media/family room, laundry, full BA and a separate entrance. This home seamlessly blends architectural charm with contemporary style and modern details, including: multi-zone radiant heat, solar, Control 4 Smart Home features, Neolith counters, instant hot water, Seismic upgrades, 1+ car prkg, security, auto irrigation, dbl panel windows, and so much more!

4 bed

4 bath

2967 sqft

2090 sqft Lot Size

1900 Year Built

Listed 1/7/2022

Sold 1/21/2022

List price - $4,350,000

Sold Price - $5,650,000

Difference- $1,300,000

 

  

February 2022 Peninsula/Silicon Valley Market Update

 

In Menlo Park, CA - AVERAGE DAYS ON MARKET for Single Family Houses in January was 28 days with the average sale price $3,480,660.00 (in December was $3,342,064.00). Price Received was 7% MORE than the asking price..

 

In Foster City, CA - AVERAGE DAYS ON MARKET for Single Family Houses in January was 7 days with the average sale price $2,603,571.00 (in December was $2,234,500.00). Price Received was 11% above the asking price..

 

In Belmont, CA - AVERAGE DAYS ON MARKET for Single Family Houses in January was only 7 days with the average sale price $2,508,205.00 (in December was $2,792,476.00). Price Received was 21% MORE than asking price.

 

In San Carlos, CA - AVERAGE DAYS ON MARKET for Single Family Houses in January was only 23 days with the average sale price $2,608,750.00 (in December was $2,881,381.00). Price Received was 10% above the asking price.

 

In San Mateo, CA - AVERAGE DAYS ON MARKET for Single Family Houses in January was only 16 days with the average sale price $1,960,400.00 (in December was $1,923,617.00). Price Received was 16% above the asking price.

 

In Burlingame, CA - AVERAGE DAYS ON MARKET for Single Family Houses in January was 11 days with the average sale price $3,315,090.00 (in December was $3,077,944.00). Price Received was 14% above the asking price.

 

 

If you were thinking of selling your home in the near future, now is the time to do so to get the top dollar for your home before the market has a chance to turn.

 

Reminder: As you know that I am in real estate sales and my passion is to bring buyers/sellers together.

 

Who have you talked to in past couple days that might be thinking about buying/selling in San Francisco and/or in Silicon Valley or anywhere in the US/Canada (I am blessed to be a part of a huge network that I meet/talk-to on regular basis which is the backbone of my business that my clients benefit from).

 

Val Krysov

Real Estate Broker

CalBRE Lic 01847176

📞 415-385-8949

✉️ ValKrysov@RealtyFinancial.com

🖥 RealtyFinancial.com

 

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