Annual report on sf county housing market

1. Annual Report on the San Francisco County Housing Market
Residential real estate activity in San Francisco County (Districts 1-10), composed of single-family properties, townhomes and condominiums.

2. Table of Contents
3 Quick Facts
5 Property Type Review
6 Bedroom Range Review
7 Square Foot Range Review
8 Price Range Review
9 Area Overviews
10 Area Historical Prices
Current as of January 11, 2020. All data from the San Francisco MLS. Report © 2020 ShowingTime. | 2
Annual Report on the San Francisco County Housing Market
Residential real estate activity in San Francisco County (Districts 1-10),
composed of single-family properties, townhomes and condominiums.
The 2019 housing market was fueled by the overall
strength of the economy across most of the country.
The stock markets reached new highs throughout the
year, improving the asset bases of millions of
Americans. Unemployment rates fell to 50-year lows,
while wages increased, creating new home buyers.
Mortgage rates also declined significantly from 2018,
helping to offset affordability stresses caused by
continued price appreciation nationally.
With a strong economy and low mortgage rates, buyer
activity has been strong. but However, in most markets
is are being constrained by inventory levels that are
still below historical norms. With supply and demand
continuing to favor sellers, prices continue to rise.
With 10 years having now passed since the Great
Recession, the U.S. has been on the longest period of
continued economic expansion on record. The housing
market has been along for much of the ride and
continues to benefit greatly from the overall health of
the economy. However, hot economies eventually cool
and with that, hot housing markets move more towards
balance.
Sales: Pending sales decreased 3.0 percent, finishing
2019 at 5,062. Closed sales were down 4.5 percent to
end the year at 5,010. While the strong economy and
lower interest rates were significant tailwinds, inventory
constraints continued to temper homebuyer activity in
2019.}
Listings: Comparing 2019 to the prior year, the number
of homes available for sale was lower by 30.3 percent.
There were 581 active listings at the end of 2019. New
listings decreased by 7.7 percent to finish the year at
6,188.
Prices: Home prices were up compared to last year.
The overall median sales price increased 2.2 percent
to $1,380,000 for the year. Single Family home prices
were up 1.3 percent compared to last year, and
Condo/TIC/Coop home prices were up 2.9 percent.
List Price Received: Sellers received, on average, 108.7
percent of their original list price at sale, a year-over-year
reduction of 1.5 percent.
While the Federal Reserve moved to temper the hot
economy with four interest rate hikes in 2018, in 2019 they
turned the heat back up, and reduced rates a total of three
times during the year. The Fed’s rate decreases were due
in part to GDP growth in 2019 that came in notably lower
than 2018, showing the Fed’s alternating efforts to keep
our economy at a steady simmer and not a full boil.
The housing market continues to remain healthy
nationwide with price gains and limited inventory being the
most common threads across markets. Tight inventory
continues to constrain buyer activity in part of the country,
while some areas are seeing increased seller inventory
starting to improve buyers’ choices. New construction
activity continues to improve, but is still below levels
required to fully supply the market’s needs.
As we look at 2020, we see continued low mortgage rates
and a healthy economy giving a great start to housing in
the new year. But in election years, we sometimes see a
softening of activity that may temper the market in the
second half of the year.

3. SF District 7 - 2.3% SF District 7 + 8.7%
SF District 5 - 3.0% SF District 3 + 1.1%
SF District 2 - 3.9% SF District 2 - 1.4%
SF District 9 - 6.7% SF District 5 - 1.5%
SF District 8 - 7.7% SF District 8 - 2.4%
SF District 10 - 10.0% SF District 10 - 2.5%
SF District 1 - 11.8% SF District 4 - 5.4%
SF District 6 - 13.7% SF District 6 - 5.5%
SF District 3 - 14.0% SF District 1 - 6.4%
SF District 4 - 14.5% SF District 9 - 6.6%
SF District 7 + 6.9% SF District 9 - 14.7%
SF District 5 - 0.8% SF District 8 - 22.4%
SF District 2 - 2.7% SF District 1 - 27.6%
SF District 4 - 3.1% SF District 5 - 29.8%
SF District 8 - 3.7% SF District 10 - 36.3%
SF District 3 - 5.3% SF District 7 - 38.2%
SF District 10 - 6.6% SF District 2 - 40.5%
SF District 6 - 6.7% SF District 3 - 48.0%
SF District 1 - 7.5% SF District 4 - 52.2%
SF District 9 - 9.1% SF District 6 - 56.7%
At the end of the year.
2019 Annual Report on the San Francisco County Housing Market
Current as of January 11, 2020. All data from the San Francisco MLS. Report © 2020 ShowingTime. | 3
Bottom 5 Areas: Change in Sold Listings from 2018 Bottom 5 Areas: Change in Active Listings from 2018
Top 5 Areas: Change in Pending Sales from 2018
Bottom 5 Areas: Change in Pending Sales from 2018
Top 5 Areas: Change in Sold Listings from 2018 Top 5 Areas: Change in Active Listings from 2018
Bottom 5 Areas: Change in New Listings from 2018
Top 5 Areas: Change in New Listings from 2018
Quick Facts
565
639 639
834
581
2015 2016 2017 2018 2019
5,196 5,018 5,162 5,248
5,010
2015 2016 2017 2018 2019
5,224
5,002 5,163 5,218 5,062
2015 2016 2017 2018 2019
6,295 6,412 6,242
6,702
6,188
2015 2016 2017 2018 2019
New Listings Pending Sales
+ 1.9% - 2.7% + 7.4%
Sold Listings Active Listings
- 7.7% - 4.2% + 3.2% + 1.1% - 3.0%
- 3.4% + 2.9% + 1.7% - 4.5% + 13.1% 0.0% + 30.5% - 30.3%

4. SF District 7 + 6.8% SF District 1 + 7.3%
SF District 10 + 5.2% SF District 5 + 6.7%
SF District 5 + 4.5% SF District 2 + 4.1%
SF District 2 + 3.4% SF District 10 + 3.7%
SF District 9 + 2.4% SF District 6 + 2.5%
SF District 6 0.0% SF District 9 + 1.7%
SF District 1 - 1.5% SF District 7 + 0.6%
SF District 3 - 1.6% SF District 3 + 0.3%
SF District 4 - 1.8% SF District 4 - 3.4%
SF District 8 - 4.7% SF District 8 - 6.0%
SF District 7 + 30.8% SF District 6 + 0.7%
SF District 8 + 20.0% SF District 9 - 0.6%
SF District 4 + 17.4% SF District 5 - 0.9%
SF District 1 + 16.7% SF District 8 - 1.0%
SF District 3 + 15.4% SF District 7 - 1.4%
SF District 10 + 10.7% SF District 10 - 2.0%
SF District 2 + 10.0% SF District 1 - 3.1%
SF District 9 + 6.3% SF District 2 - 3.6%
SF District 6 - 3.0% SF District 4 - 3.9%
SF District 5 - 4.5% SF District 3 - 3.9%
Current as of January 11, 2020. All data from the San Francisco MLS. Report © 2020 ShowingTime. | 4
Bottom 5 Areas: Change in Days on Market from 2018 Bottom 5 Areas: Change in Pct. of List Price Received from 2018
Top 5 Areas: Change in Days on Market from 2018 Top 5 Areas: Change in Pct. of List Price Received from 2018
Top 5 Areas: Change in Median Sales Price from 2018 Top 5 Areas: Change in Avg. Sales Price from 2018
Bottom 5 Areas: Change in Median Sales Price from 2018 Bottom 5 Areas: Change in Avg. Sales Price from 2018
2019 Annual Report on the San Francisco County Housing Market
Quick Facts
$1,150,000 $1,195,000 $1,250,000
$1,350,000 $1,380,000
2015 2016 2017 2018 2019
111.6%
107.7%
109.4%
110.4%
108.7%
2015 2016 2017 2018 2019
30
36
33
28
31
2015 2016 2017 2018 2019
$1,415,037 $1,442,803 $1,506,561
$1,593,713 $1,642,672
2015 2016 2017 2018 2019
Median Sales Price Average Sales Price
+ 3.9% + 4.6% + 8.0%
Days on Market Until Sale Percent of List Price Received
+ 2.2% + 2.0% + 4.4% + 5.8% + 3.1%
+ 20.0% - 8.3% - 15.2% + 10.7% - 3.5% + 1.6% + 0.9% - 1.5%

5. Top Areas: Condo/TIC/Coop Market Share in 2019
SF District 8 94.7%
SF District 6 86.5%
SF District 9 81.2%
SF District 7 75.9%
SF District 5 56.6%
SF District 1 46.4%
SF District 3 20.1%
SF District 4 18.4%
SF District 10 13.2%
SF District 2 10.2%
2019 Annual Report on the San Francisco County Housing Market
Current as of January 11, 2020. All data from the San Francisco MLS. Report © 2020 ShowingTime. | 5
One-Year Change in Price
Single-Family
One-Year Change in Price
Condo/TIC/Coop
Pct. of List Price Received
Single-Family
Pct. of List Price Received
Condo/TIC/Coop
+ 1.3% + 2.9% 112.8% 105.5%
This chart uses a rolling 12-month average for each data point.
Property Type Review
25 35
Single-Family
Average Days on Market Average Days on Market
Condo/TIC/Coop
115.4%
108.6%111.6%
104.6%
115.1%
105.0%
115.9%
106.3%
112.8%
105.5%
Single-Family Condo/TIC/Coop
2015 2016 2017 2018 2019
$1250K
$1095K
$1325K
$1085K
$1415K
$1147K
$1580K
$1200K
$1600K
$1235K
Single-Family Condo/TIC/Coop
2015 2016 2017 2018 2019
20
25
30
35
40
1-2015 1-2016 1-2017 1-2018 1-2019
Single-Family Condo/TIC/Coop
Days on Market Until Sale
Median Sales Price Percent of List Price Received
94.7%
86.5%
81.2%
75.9%
56.6%
46.4%
20.1%
18.4%
13.2%
10.2%
SF District 8
SF District 6
SF District 9
SF District 7
SF District 5
SF District 1
SF District 3
SF District 4
SF District 10
SF District 2

6. Top Areas: 4 Bedrooms or More Market Share in 2019
SF District 4 43.1%
SF District 3 39.1%
SF District 2 38.7%
SF District 1 37.0%
SF District 10 36.9%
SF District 5 36.0%
SF District 6 33.6%
SF District 7 25.8%
SF District 9 17.0%
SF District 8 11.9%
This chart uses a rolling 12-month average for each data point.
2019 Annual Report on the San Francisco County Housing Market
Current as of January 11, 2020. All data from the San Francisco MLS. Report © 2020 ShowingTime. | 6
108.0% 104.0% 109.0% 110.4%
Percent of Original List Price
Received in 2019 for
All Properties
Percent of Original List Price
Received in 2019 for
2 Bedrooms or Less
Percent of Original List Price
Received in 2019 for
3 Bedrooms
Percent of Original List Price
Received in 2019 for
4 Bedrooms or More
Reduction in Closed Sales
2 Bedrooms or Less
Growth in Closed Sales
4 Bedrooms or More
Bedroom Count Review
- 10.3% + 0.3%
1,125
1,907
1,449
1,009
1,802
1,453
2 Bedrooms or Less 3 Bedrooms 4 Bedrooms or More
2018 2019
100%
102%
104%
106%
108%
110%
112%
114%
1-2015 1-2016 1-2017 1-2018 1-2019
2 Bedrooms or Less 3 Bedrooms 4 Bedrooms or More
Closed Sales
Percent of Original List Price Received
- 10.3% - 5.5% + 0.3%
43.1%
39.1%
38.7%
37.0%
36.9%
36.0%
33.6%
25.8%
17.0%
11.9%
SF District 4
SF District 3
SF District 2
SF District 1
SF District 10
SF District 5
SF District 6
SF District 7
SF District 9
SF District 8

7. Top Areas: 1,000 to 1,999 Sq Ft Market Share in 2019
SF District 10 65.9%
SF District 2 65.0%
SF District 3 60.3%
SF District 6 51.3%
SF District 9 48.9%
SF District 4 48.2%
SF District 5 44.8%
SF District 1 44.0%
SF District 8 34.8%
SF District 7 32.5%
Current as of January 11, 2020. All data from the San Francisco MLS. Report © 2020 ShowingTime. | 7
Reduction in Closed Sales
999 Sq Ft or Less
Reduction in Closed Sales
1,000 to 1,999 Sq Ft
105.5% 110.0% 107.2% 100.1%
Percent of Original List Price
Received in 2019 for
999 Sq Ft or Less
Percent of Original List Price
Received in 2019 for
1,000 to 1,999 Sq Ft
Percent of Original List Price
Received in 2019 for
2,000 to 2,999 Sq Ft
Percent of Original List Price
Received in 2019 for
3,000 Sq Ft or More
This chart uses a rolling 12-month average for each data point.
2019 Annual Report on the San Francisco County Housing Market
Square Foot Range Review
- 7.0% - 2.7%
1,121
2,512
622
245
1,042
2,444
660
237
999 Sq Ft or Less 1,000 to 1,999 Sq Ft 2,000 to 2,999 Sq Ft 3,000 Sq Ft or More
2018 2019
96%
98%
100%
102%
104%
106%
108%
110%
112%
114%
1-2015 1-2016 1-2017 1-2018 1-2019
999 Sq Ft or Less 1,000 to 1,999 Sq Ft 2,000 to 2,999 Sq Ft 3,000 Sq Ft or More
Closed Sales
Percent of Original List Price Received
- 7.0% - 2.7% + 6.1% - 3.3%
65.9%
65.0%
60.3%
51.3%
48.9%
48.2%
44.8%
44.0%
34.8%
32.5%
SF District 10
SF District 2
SF District 3
SF District 6
SF District 9
SF District 4
SF District 5
SF District 1
SF District 8
SF District 7

8. Price Range with the
Most Closed Sales
Price Range with Strongest
One-Year Change in Sales:
$1,098,000 or More
Price Range with the
Fewest Closed Sales
Price Range with Weakest
One-Year Change in Sales:
$564,999 or Less
- 10.9%
2019 Annual Report on the San Francisco County Housing Market
Current as of January 11, 2020. All data from the San Francisco MLS. Report © 2020 ShowingTime. | 8
Price Range with
Shortest Average
Market Time
Price Range with
Longest Average
Market Time
of Homes for Sale
at Year End Priced
$564,999 or Less
One-Year Change
in Homes for Sale Priced
$564,999 or Less
$1,098,000 or
More - 0.7%
$564,999 or
Less - 16.8%
Share of Homes for Sale
$564,999 or Less
Days on Market Until
Sale by Price Range
Price Range Review
$1,098,000 or
More
$564,999 or
Less 8.4%
87
41
33
28
$564,999 or Less
$565,000 to $758,999
$759,000 to $1,097,999
$1,098,000 or More
179
418
1,337
3,228
131
354
1,174
3,589
109
313
1,024
3,564
$564,999 or Less $565,000 to $758,999 $759,000 to $1,097,999 $1,098,000 or More
2017 2018 2019
Closed Sales by Price Range
0%
2%
4%
6%
8%
10%
12%
1-2015 1-2016 1-2017 1-2018 1-2019

9. Total
Closed Sales
Change
from 2018
Percent
Single-Family
Percent
Condo/TIC/Coop
Months Supply
of Inventory
Days on
Market
Pct. of Orig. Price
Received
SF District 1 332 - 7.5% 53.6% 46.4% 1.5 28 107.0%
SF District 2 432 - 2.7% 89.8% 10.2% 0.7 22 117.6%
SF District 3 179 - 5.3% 79.9% 20.1% 0.8 30 111.7%
SF District 4 369 - 3.1% 81.6% 18.4% 0.7 27 109.9%
SF District 5 761 - 0.8% 43.4% 56.6% 1.0 21 111.1%
SF District 6 304 - 6.7% 13.5% 86.5% 1.0 32 107.9%
SF District 7 419 + 6.9% 24.1% 75.9% 1.3 34 103.1%
SF District 8 494 - 3.7% 5.3% 94.7% 2.3 48 100.8%
SF District 9 1,221 - 9.1% 18.8% 81.2% 1.8 34 104.4%
SF District 10 499 - 6.6% 86.8% 13.2% 1.4 31 113.3%
Area Overviews
Current as of January 11, 2020. All data from the San Francisco MLS. Report © 2020 ShowingTime. | 9
2019 Annual Report on the San Francisco County Housing Market

10. 2015 2016 2017 2018 2019
Change
From 2018
Change
From 2015
SF District 1 $1,372,500 $1,415,250 $1,522,500 $1,670,000 $1,644,500 - 1.5% + 19.8%
SF District 2 $1,150,000 $1,200,000 $1,300,000 $1,410,000 $1,457,500 + 3.4% + 26.7%
SF District 3 $863,000 $950,000 $1,100,000 $1,215,000 $1,195,000 - 1.6% + 38.5%
SF District 4 $1,350,000 $1,388,000 $1,501,000 $1,630,000 $1,600,000 - 1.8% + 18.5%
SF District 5 $1,458,500 $1,505,000 $1,600,000 $1,675,000 $1,750,000 + 4.5% + 20.0%
SF District 6 $1,170,000 $1,150,000 $1,235,000 $1,300,000 $1,300,000 0.0% + 11.1%
SF District 7 $1,808,500 $1,860,000 $1,855,000 $1,825,000 $1,950,000 + 6.8% + 7.8%
SF District 8 $1,095,000 $1,025,000 $1,139,888 $1,125,000 $1,072,500 - 4.7% - 2.1%
SF District 9 $1,138,000 $1,100,000 $1,156,944 $1,225,000 $1,255,000 + 2.4% + 10.3%
SF District 10 $775,000 $810,000 $883,875 $989,000 $1,040,000 + 5.2% + 34.2%
Area Historical Median Prices
2019 Annual Report on the San Francisco County Housing Market
Current as of January 11, 2020. All data from the San Francisco MLS. Report © 2020 ShowingTime. | 10