Local Real Estate Market MARKET UPDATE SAN FRANCISCO, CA 94108
· Current Real Estate Market Conditions for Condos & Townhomes · Trends in Pricing · Current Levels of Supply and Demand · Value Metrics
· Report for the week of December 26, 2016
· Presented by Alain Pinel Realtors For more details, please contact an APR agent or visit, open.apr.com
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City Overview
Condos & Townhomes in
SAN FRANCISCO, CA
Alain Pinel Realtors
This Week
Real-Time Market Profile
The median list price in SAN FRANCISCO, CA this week is $1,099,000. The 303 properties have been on the market for an average of 59 days.
$ 1,099,000
Average List Price
$ 1,525,382
±+
$ 1,025
==
Average Days on Market (DoM)
59
==
Inventory of Properties Listed
303
≠≠
Asking Price Per Square Foot
Most Expensive Listing
Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.
Trend
Median List Price
$ 12,000,000
Least Expensive Listing
$ 199,000
Average Age of Listing
37
Percent of Properties with Price Decrease
25 %
Percent Relisted (reset DOM)
7%
Percent Flip (price increased)
4%
Median House Size (sq ft)
1171
Median Number of Bedrooms
2.0
Median Number of Bathrooms
2.0
Supply and Demand
Altos Research Value Statistics
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller's market so watch for upward pricing pressure in the near future if the trend continues.
Market Action Index
Strong Seller's
45.9
==
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer.
Trend Key:
±+
No change
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
Characteristics per Quartile Quartile
Median Price
Sq. Ft.
Beds
Baths
Top/First
$ 2,450,000
1943
3.0
2.5
15
75
2
21
64
Most expensive 25% of properties
Upper/Second
$ 1,325,500
1282
2.0
2.0
16
76
2
23
53
Upper-middle 25% of properties
Lower/Third
$ 903,500
987
2.0
2.0
17
76
9
29
55
Lower-middle 25% of properties
Bottom/Fourth
$ 623,500
806
1.0
1.0
24
76
3
18
63
Least expensive 25% of properties
Page 2 of 11
Age Inventory
New
Absorbed
Monday December 26, 2016
DOM
Condos & Townhomes in
City Overview
SAN FRANCISCO, CA
Alain Pinel Realtors
Median Price The market appears to be hovering around this plateau. This week prices eased down a bit. The Market Action Index is a good leading indicator for the durability of this shift.
7-day Average
90-day Average
Quartile Prices Prices have generally settled at a plateau, although Quartile 1 is on a bit of an up trend in recent weeks. We'll need to see a persistent shift in the Market Action Index before we see prices across the board move from these levels.
First/Top
Page 3 of 11
Second/Upper
Third/Lower
Monday December 26, 2016
Fourth/Bottom
Condos & Townhomes in
City Overview
SAN FRANCISCO, CA
Alain Pinel Realtors
Price per Square Foot The value placed on homes continues to increase, despite the fact that prices in general have remained basically flat. These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.
7-day Average
90-day Average
Inventory of Properties Listed for Sale Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.
7-day Average
Page 4 of 11
90-day Average
Monday December 26, 2016
Condos & Townhomes in
City Overview
SAN FRANCISCO, CA
Alain Pinel Realtors
Market Action Index The SAN FRANCISCO market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 45.85; indicating very little supply relative to the demand.
90-day Average
Buyers/Sellers Cutoff
Market Action Index per Quartile Not surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a slowdown for the whole group.
First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction.
Page 5 of 11
Monday December 26, 2016
Condos & Townhomes in
City Overview
SAN FRANCISCO, CA
Alain Pinel Realtors
Days on Market The properties have been on the market for an average of 59 days. Half of the listings have come newly on the market in the past 63 or so days.
7-day Average
90-day Average
Days on Market per Quartile It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top
Page 6 of 11
Second/Upper
Third/Lower
Monday December 26, 2016
Fourth/Bottom
Neighborhood Detail
Condos & Townhomes in
SAN FRANCISCO, CA 94108
Alain Pinel Realtors
This Week
Real-Time Market Profile
The median list price in SAN FRANCISCO, CA 94108 this week is $1,448,500. The 8 properties have been on the market for an average of 78 days.
$ 1,448,500
Average List Price
$ 1,728,938
=
$ 1,442
==
Average Days on Market (DoM)
78
==
Inventory of Properties Listed
8
≠≠
Asking Price Per Square Foot
Most Expensive Listing
Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.
Trend
Median List Price
$ 5,450,000
Least Expensive Listing
$ 500,000
Average Age of Listing
82
Percent of Properties with Price Decrease
62 %
Percent Relisted (reset DOM)
12 %
Percent Flip (price increased)
0%
Median House Size (sq ft)
1074
Median Number of Bedrooms
3.0
Median Number of Bathrooms
2.0
Supply and Demand
Altos Research Value Statistics
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller's market so watch for upward pricing pressure in the near future if the trend continues.
Market Action Index
Seller's Advantage
39.9
==
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer.
Trend Key:
±+
No change
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
Characteristics per Quartile Quartile
Median Price
Sq. Ft.
Beds
Baths
Top/First
$ 3,524,500
3700
3.0
2.8
68
2
0
1
91
Most expensive 25% of properties
Upper/Second
$ 1,548,750
1074
2.5
1.5
0
2
0
1
88
Upper-middle 25% of properties
Lower/Third
$ 1,198,500
0
3.0
2.0
108
2
0
0
77
Lower-middle 25% of properties
Bottom/Fourth
$ 644,000
705
1.0
1.0
70
2
0
1
56
Least expensive 25% of properties
Page 7 of 11
Age Inventory
New
Absorbed
Monday December 26, 2016
DOM
Condos & Townhomes in
Neighborhood Detail
SAN FRANCISCO, CA 94108
Alain Pinel Realtors
Median Price Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.
7-day Average
90-day Average
Quartile Prices In the quartile market segments, we see prices for this zip code without strong directional indication lately. Quartiles 2 and 4 are mixed, while Quartiles 1 and 3 are up. Look to persistent downward shift in the Market Action Index as a leading indicator for a plateau in the market as a whole.
First/Top
Page 8 of 11
Second/Upper
Third/Lower
Monday December 26, 2016
Fourth/Bottom
Condos & Townhomes in
Neighborhood Detail
SAN FRANCISCO, CA 94108
Alain Pinel Realtors
Price per Square Foot The value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently. These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.
7-day Average
90-day Average
Inventory of Properties Listed for Sale Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.
7-day Average
Page 9 of 11
90-day Average
Monday December 26, 2016
Condos & Townhomes in
Neighborhood Detail
SAN FRANCISCO, CA 94108
Alain Pinel Realtors
Market Action Index The SAN FRANCISCO, 94108 market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 39.95 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.
90-day Average
Buyers/Sellers Cutoff
Market Action Index per Quartile Not surprisingly, all segments in this zip code are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a slowdown for the whole group.
First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction.
Page 10 of 11
Monday December 26, 2016
Condos & Townhomes in
Neighborhood Detail
SAN FRANCISCO, CA 94108
Alain Pinel Realtors
Days on Market The properties have been on the market for an average of 78 days. Half of the listings have come newly on the market in the past 88 or so days.
7-day Average
90-day Average
Days on Market per Quartile It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top
Page 11 of 11
Second/Upper
Third/Lower
Monday December 26, 2016
Fourth/Bottom
