REAL ESTATE MARKET REPORT SAN FRANCISCO

Power of the Brand

Housing Market Update

Luxury Market Summary

San Francisco Sales Summary

Single Family Sales Over $3.5M

Condo Sales Over $2.5M

Biggest Overbids 2022

Price Increase by Neighborhood

SFAR 2022 Annual Report

A+W Featured Properties

The A+W team is pleased to present you with our annual report on the San Francisco real estate market. Last year was a tale of two markets. The first half was a continuation of the hyperactive pandemic market, with sales prices hitting an all-time high in April 2022. Meanwhile, rising interest rates and economic concerns cooled the market in the second half of the year.

While prices fell during the second half of the year, we can expect them to nudge back up from their November and December lows, buoyed by lower interest rates, improved buyer confidence, and the post-pandemic re-opening of China.

For the year:

• The median single family home price fell 1.1%, to $1,800,000

• The median condo/TIC/co-op price fell 1.6%, to $1,200,000

• The overall number of homes sold fell 27%, to 5,569

• The average sale price was 8% over asking, same as in 2021

• The number of luxury homes sold in the Bay Area at the highest end of the market (over $10M) fell 15% to 118 homes

• The biggest sales in SF were:

- 2790 Broadway, $34.5M

- 3450 21st St (Mark Zuckerberg’s house), $31M

- 3355 Pacific, $29.5M

- 999 Green #3201/2 (George Shultz’s 2 penthouses), $29M

- 3636 Clay, $19M

- 2006 Washington #2, $19M

With $122,000,000 in sales last year, Applegarth+Warrin was the top team at Golden Gate Sotheby’s in San Francisco and Marin, and one of the top teams in the country. We’d like to take a minute to thank all of our friends, clients, and colleagues who have entrusted us to help with their real estate needs. We wish you a very happy and healthy 2023. TOP AGENTS

If you have questions about the market or your home, call us anytime at 415-299-8999, or email team@applegarthwarrin.com

POWER OF THE BR AND Trusted to Sell Your Most Valued Asset

S O T H E B Y ’ S

Sotheby’s Auction House has over 200 years of history selling our clients’ treasures. Our association with the brand ensures stellar representation, brings cachet to your property and allows us access to affluentbuyersaroundtheworld.

SOTHEBY’S I NTERN A T I O NAL R EA L TY

With our distinguished global referral network we can find qualified buyers or quality agents for your next purchase from around the globe. Our listings achievemaximumsaleprice.

1,000 Offices

178M Million Annual Page Visits SIR.com

25,000 Sales Associates

77 Countries

170M Million YouTube Video Views

3.8M Million Average Monthly Visits SIR.com