San Francisco Market Snapshot | May 2017

The employment landscape and wages have both improved over the last few years, allowing for more people to participate in the home-buying process. When the economy is in good working order, as it is now, it creates opportunities in residential real estate, and right now is a potentially lucrative time to sell a home. Houses that show well and are priced correctly have been selling quickly, often at higher prices than asking.

New Listings

  • April: Single Family Homes: 27.0% Decrease
  • April: Condo/TIC/Coop36.0% Decrease 

Pending Sales

  • April: Single Family Homes: 10.7% Decrease
  • April: Condo/TIC/Coop6.1% Decrease 

Average Sales Price

  • April: Single Family Homes: 7.4% Increase
  • April: Condo/TIC/Coop: 4.8% Decrease 

Months Supply of Inventory

  • April: Single Family Homes: 30.8% Decrease
  • April: Condo/TIC/Coop: 25.8% Decrease 

Although there is a mounting amount of buyer competition during the annual spring market cycle, buyer demand has not abated, nor is it expected to in the immediate future unless something unpredictable occurs. While strong demand is generally considered a good problem to have, it creates an affordability issue for some buyers, especially first-time buyers. And yet, prices will continue to rise amidst strong demand.


Just Sold! $551K Over Asking! 

Exquisite Remodeled Home

770 3rd Avenue
Inner Richmond
4 Bedrooms
3.5 Bathrooms

Sold for $3,150,000


Just Sold! $712K Over Asking! 

Classic Central Richmond Edwardian Home

571 20th Avenue
Central Richmond
3 Bedrooms
2 Bathrooms

Sold for $2,100,000


Coming Soon!

Eureka Valley
3 Bedrooms
2 Bathrooms
2 Bathrooms

Price Available Upon Request