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Market InsightSellers

State of the Market - San Francisco & Peninsula May 2022

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Val Krysov,05/11/2022

Average sale price for a Single Family Home in San Francisco in April 2022 was $2,502,144

 vs March of 2022 -$2,470 ,928. Average selling PRICE per SQFT $1,320. Average Listing price in April

was $2,128,845. Avg Days on Market 15.


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:


Month

Average SFR List Price

Average SFR Sale Price

April

$2,128,845

$2,502,144

March

$2,113,136

$2,470,928

February 

$1,976,337

$2,328,834

January

$1,740,139

$1,981,124

December 

$2,253,851

$2,373,643

November

$2,088,629

$2,319,987

October 

$2,093,971

$2,358,448

September 

$1,863,114

$2,118,465

Average Single Family Home in San Francisco in April; 2022


Bedroom

3

Bathroom

3

SqFt

1,895

Lot SqFt

2872

Year Built

1930

Average DOM

15


Average sale price for the Condo/Townhomes/Coop/TIC/Loft in San Francisco in April 2022 was $1,375,333 vs March of 2022 - $1,413,588. Average selling PRICE per SQFT $1,135. Avg Days on Market 29.

Average sale price for 2-4 Units in San Francisco in April 2022 was $2,388,998 vs March of 2022 - $2,220,104. Average selling PRICE per SQFT $731. Avg Days on Market 23 


Average sale price for 5+ units in San Francisco in April 2022 was $3,488,300 vs March of 2022 - $3,559,101. Average selling PRICE per SQFT $465. Avg Days on Market 30.

.

Inventory of properties for sale in San Francisco as of May 10, 2022  =  1287 (1179 last month)


Single-Family Homes

223

Condo

775

Townhouse

10

Tenancy in Common

69

Stock Cooperative

27

2-4 Unit

126

5+ Units

57

Total

1287



All the properties Sold in San Francisco in April 2022 -  674 (685 last month)


Single-Family Homes

259

Condo

309

Townhouse

5

Tenancy in Common

39

Stock Cooperative

5

2-4 Unit

47

5+ Units

10

Total

674

There is currently about two (2) months worth of inventory, meaning if there was not another home listed, it would take just 2 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 259 Single Family Houses being sold in San Francisco in April 2022

22 SOLD BELOW asking price

7 SOLD for asking price

230 SOLD ABOVE asking price



88 SOLD for OVER $500,000,

8 SOLD for OVER $1,000,000



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

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

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

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

13 from $4,000,000 to $5,000,000,

10 from $5,000,000 to $6,000,000,

5 from $6,000,000 to $7,000,000.

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

1 from $8,000,000 to $9,000,000.

1 from $9,000,000 to $10,000,000.

1 from OVER $10,000,000.



How crazy is your Real Estate Market?


Here is one of the Single Family Houses being sold in April of 2022 in San Francisco for $2,050,000 over asking price...


One out of 259 Single Family sold one month ago...


One out of 230 Single Family Houses sold OVER asking Price in San Francisco in April.



So what is so special about that exact house @ 3838 25th St, San Francisco, CA 94114


Property Overview -  Set in a lovely row of Queen Anne Victorians, this stately 4bd/4.5ba Noe Valley Smart Home exudes times past while teeming with modern amenities. Completely renovated in 2016, its eco-conscious redesign earned LEED Platinum cert. Open kitchen/dining/living spaces bathed in light from floor-to-ceiling windows and large decks at front and back. Chef's kitchen equipped w ultra-upscale appl - incl your own espresso station. Enjoy sweeping hill views in front of the LR fireplace and entertain w ease in a DR suited for up to 24 people. Upper level encompasses 2 en suite bedrooms, one with a walkout deck overlooking the backyard - a pristine stretch of lawn surrounded by mature trees w al fresco dining platform and in-ground hot tub. Downstairs media room fts invisible surround sound and hidden'' doors to laundry room and full bath. 2 downstairs bedrooms, incl primary bedroom suite w huge luxury bath, custom walk-in closet, private south-facing deck. 2-car garage w EV charger, ample storage.



4 bed

4.5 bath

2975 sqft

2,964  sqft Lot Size

1905 Built



Listed 4/7/2022

Sold 4/21/2022

List price - $3,750,000

Sold Price - $5,800,000

Difference- $2,050,000

 

May 2022 Peninsula/Silicon Valley Market Update

 

In Menlo Park, CA - AVERAGE DAYS ON MARKET for Single Family Houses in April was 9 days with the average sale price $3,412,445.00 (in March was $3,887,255.00). Price Received was 10% MORE than the asking price..

 

In Foster City, CA - AVERAGE DAYS ON MARKET for Single Family Houses in April was 9 days with the average sale price $2,658,333.00  (in March was $2,374,000.00). Price Received was 17% above the asking price..

 

In Belmont, CA - AVERAGE DAYS ON MARKET for Single Family Houses in April was only 8 days with the average sale price $2,662,444.00 (in March was $2,639,774.00). Price Received was 24% MORE than asking price.

 

In San Carlos, CA - AVERAGE DAYS ON MARKET for Single Family Houses in April was only 8 days with the average sale price $3,425,569.00 (in March was $3,018,906.00). Price Received was 14% above the asking price.

 

In San Mateo, CA - AVERAGE DAYS ON MARKET for Single Family Houses in April was only 10 days with the average sale price $2,657,208.00 (in March was $2,374,637.00). Price Received was 17% above the asking price.

 

In Burlingame, CA - AVERAGE DAYS ON MARKET for Single Family Houses in April was 10 days with the average sale price $3,275,588.00 (in March was $3,113,823.00). Price Received was 16% 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


#SFCityRealtor #SanFrancisco #RealEstate #Peninsula #BayArea #SiliconValley #Realtor







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State of the Market - San Francisco & Peninsula April 2022
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