Category archive - Blog

San Francisco Real Estate March 2020 Report

There is a lot going on in the world right now and we won’t pretend to know how things will turn out or affect the local real estate market over the next few months. In the meantime, this report will look at the most recent data available, though the impact of the wild volatility in the financial markets and the unfolding situation with the coronavirus has yet to show up in reliable statistics. Typically, the spring selling season is the most active of the year.

One positive for real estate is that mortgage interest rates hit a historic low in early March, as illustrated below, and rates play a huge role in housing affordability.

Short-Term & Long-Term Trends
in Median Home Sales Prices

Median Dollar per Square Foot Values

Mortgage Interest Rates Hit New All-Time Low

Home Sales Breakdown

Listing Inventory vs. Sales since 2005

Trends in Overbidding Asking Price

Overbidding remains common and at high levels for house listings in particular, however part of this is due strategic under-pricing on the part of listing agents. The supply and demand dynamic for condos has been affected over the last few years by new-condo inventory coming on market.

Trends in Overbidding Asking Price

Overbidding remains common and at high levels for house listings in particular, however part of this is due strategic under-pricing on the part of listing agents. The supply and demand dynamic for condos has been affected over the last few years by new-condo inventory coming on market.

Home Sales & Values by San Francisco District

District Home Price Trends

There are 70+ neighborhoods in ten Realtor districts in San Francisco – too many to cover in one newsletter. Below are some representative snapshots, but we also have trend data on every neighborhood in the city, which can be supplied upon request.

It is impossible to know how median and average value statistics apply to any particular home without a specific comparative market analysis. These analyses were made in good faith with data from sources deemed reliable, but may contain errors and are subject to revision. It is not our intent to convince you of a particular position, but to attempt to provide straightforward data and analysis, so you can make your own informed decisions. Median and average statistics are enormous generalities: There are hundreds of different markets in San Francisco and the Bay Area, each with its own unique dynamics. Median prices and average dollar per square foot values can be and often are affected by other factors besides changes in fair market value. Longer term trends are much more meaningful than short-term. 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.

Weekend: Mar 7 – Mar 8, 2020

This weekend has lots of great things to do for free and on the cheap. From the Women’s Spring Trail Day in the Marin Headlands, to the Free Guided Trail & Nature Walks in Golden Gate Park to the 40th Annual Soul Food / Black Cuisine Festival in SF. The events below will help you fill your calendar with fun!

View even more events here.

Weekend: Feb 29 – Mar 1, 2020

This weekend has lots of great things to do for free and on the cheap. From SF’s Black History Festival: West African Drumming, to the March Sunrise Tour of Muir Woods to all of SF’s Free Monthly Museum Days. The events below will help you fill your calendar with fun!

See even more events here.

Weekend: Feb 22 – Feb 23, 2020

This weekend has lots of great things to do for free and on the cheap. From the Russian Festival: Saturday in Pacific Heights, to the 39th Annual Clam Chowder Cook-Off at the Santa Cruz Boardwalk. The events below will help you fill your calendar with fun!

View even more events here.

Weekend: Feb 15 – Feb 16, 2020

This weekend has lots of great things to do for free and on the cheap. From the Mission Science Workshop, to SF Beer Week to the Guided Gallery District Tour in Oakland. The events below will help you fill your calendar with fun!

View even more events here.

San Francisco Real Estate February 2020 Report

It’s important to note that the Bay Area contains many different markets and market segments, sometimes following diverging trends in supply and demand, and home-price appreciation. Most of the materials in this report reflect overall trends for the entire region.

When the data is available we’ve charted longer-term trends since they give much greater context to what the state of the market is today, and where it may be heading.

How these statistics pertain to any particular home is unknown without a specific comparative market analysis.

Weekend: Feb 8 – Feb 9, 2020

This weekend has lots of great things to do for free and on the cheap. From adopting a furry new family member at Jack London Square from the SPCA, to the Indonesian Day Festival to 1880’s Vintage Baseball. The events below will help you fill your calendar with fun!

View even more events here.

Weekend: Feb 1 – Feb 2, 2020

This weekend offers many fun things to do for free and on the cheap. From Annual Magnolia Bloom at the SF Botanical Garden, to the Guided Trail & Nature Walk in Golden Gate Park to Lunar New Year Fest in Redwood City. The events below will help you fill your calendar with fun!

View even more events here.

Weekend: Jan 25 – Jan 26, 2020

This weekend has lots of great things to do for free and on the cheap. From the Golden Gate Kennel Club Dog Show, to the Civil War Living History Day to the San Francisco City Job Fair in Golden Gate Park. The events below will help you fill your calendar with fun!

View even more events here.