San Francisco Real Estate Market Report – August 2021

Image Cover of San Francisco Real Estate August 2021 Report
Image of 1st Half, Dollar Volume Home Sales San Francisco Sales Reported to MLS since 2015
Image of New Listing & Sales Volumes Longer Term Trends since 2005 San Francisco 12 Month Rolling Data
Image of San Francisco Home Price Appreciation Monthly Median House Sales Prices 6 Month Rolling Average since 1990
Image of San Francisco Median Condo Sales Price Trends Monthly Median Sales Prices since 2005 6 Month Rolling Figures
Image of New Listings Coming on Market San Francisco Real Estate Market Dynamics by Month
Image of San Francisco Short Term Market Dynamics & Seasonality Listings Accepting Offers Going into Contract by Month
Image of San Francisco Short Term Market Dynamics & Seasonality Closed Sales Volume by Month
Image of San Francisco Market Buyer Demand & Overbidding Average Sales Price to Original List Price % since 2018 3 Month Rolling Data
Image of Median House Sales Price Trends Selected San Francisco Neighborhoods since 2012
Image of Median House Sales Price Trends Selected San Francisco Neighborhoods since 2012
Image of Median House Sales Price Trends, Selected San Francisco Neighborhoods since 2012
Image of Median House Sales Price Trends Selected San Francisco neighborhoods, since 2012
Image of Median 2BR Condo Sales Price Trends Selected San Francisco Districts since 2012
Image of San Francisco Luxury House Market Sales & Active Listings by Price Segment $3 Million+
Image of San Francisco long Term Luxury House Sales Trends 12 Month Rolling Sales Volumes since 2005
Image of San Francisco Long Term Luxury Condo Coop TIC Sales 12 Month Rolling Sales Figures since 2005
Image of San Francisco Short Term Luxury Market Dynamics & Seasonality Listings Accepting Offers Going Into A Contract by Month
Image of Steep US Decline in Foreign National Homebuyers Estimated Dollar Volume Sales in Billions Top 5 Countries
Image of Mortgage Interest Rate Trends from November 2018 to Present 30 Year & 15 Year Conforming Fixed Rate Loans Weekly Average Readings
Image of S&P 500 Stock Index from 1995 to 2021 By Month through July 2021

Statistics are generalities, essentially summaries of widely disparate data generated by dozens or hundreds of unique, individual sales occurring within different time periods. They are best seen not as precise measurements, but as broad, comparative indicators, with reasonable margins of error. Anomalous fluctuations in statistics are not uncommon, especially in smaller, expensive market segments. Data from sources deemed reliable, but may contain errors and subject to revision. All numbers are approximate. Data from MLS, but not all listings or sales are reported to MLS. 

Median Sales Price is that price at which half the properties sold for more and half for less. It may be affected by seasonality, “unusual” events, or changes in inventory and buying trends, as well as by changes in fair market value. The median sales price for an area will often conceal an enormous variety of sales prices in the underlying individual sales.

Dollar per Square Foot is based upon the home’s interior living space and does not include garages, unfinished attics and basements, rooms built without permit, patios, decks or yards (though all those can add value to a home). These figures are usually derived from appraisals or tax records, but are sometimes unreliable (especially for older homes) or unreported altogether. The calculation can only be made on those home sales that reported square footage.

Many aspects of value cannot be adequately reflected in median and average statistics: curb appeal, age, condition, amenities, views, lot size, quality of outdoor space, “bonus” rooms, additional parking, quality of location within the neighborhood, and so forth. How these statistics apply to any particular home is unknown without a specific comparative market analysis. 

Compass is a real estate broker licensed by the State of California, DRE 01527235. Equal Housing Opportunity. This report has been prepared solely for information purposes. The information herein is based on or derived from information generally available to the public and/or from sources believed to be reliable. No representation or warranty can be given with respect to the accuracy or completeness of the information. Compass disclaims any and all liability relating to this report, including without limitation any express or implied representations or warranties for statements contained in, and omissions from, the report. Nothing contained herein is intended to be or should be read as any regulatory, legal, tax, accounting or other advice and Compass does not provide such advice. All opinions are subject to change without notice. Compass makes no representation regarding the accuracy of any statements regarding any references to the laws, statutes or regulations of any state are those of the author(s). Past performance is no guarantee of future results.