2024
REAL ESTATE MARKET REPORT SAN FRANCISCO
APPLEGARTHWARRIN.COM
Power of the Brand
6
Housing Market Update
8
Luxury Market Sales
14
San Francisco Sales
17
Single Family Sales Over $3.5M
26
Condo Sales Over $2.5M
34
Biggest Overbids 2023
40
Price Increase by Neighborhood
41
SFAR 2023 Annual Report
56
A+W Featured Properties
70
U.S. Biggest Home Sales 2023
74
Sotheby’s Significant Sales
75
Meet the Team
83
A P P L E G A R T H + WA RRI N $ 2.3 B I L L I O N S O L D
The A+W team is pleased to present you with our annual report on the San Francisco real estate market. Rising interest rates made for a challenging housing market in 2023, not only in SF, but across the country. In addition to having a direct effect on buyers, the high rates made sellers reluctant to move and give up their low mortgage rates, resulting in low inventory levels in many areas.
PAUL WARRIN
Interest rates peaked at well over 7% in October 2023 but are now down more than a full point since then. Expectations for 2024 are for interest rates to tick down slightly, sales activity to increase noticeably, and prices to stay flat or possibly edge up 2% to 3%. In 2023: • The median Single Family Home price fell 13%, to $1,562,500 • The median Condo/TIC/Co-op price fell 8%, to $1,100,000 • The total number of homes sold fell 27%, to 4,092 • The biggest sales of the year were: - 3450 Washington, $39.5M, sold by founders of Veeva & Vlocity - 2750 Vallejo, $23.5M, sold by the president of Meritage Group - 9 25th Ave, $20M, sold by the founder of The Wine Group - 130 Sea Cliff, $18.6M, sold by the CIO of Passport Capital With $134,000,000 in sales in 2023, Applegarth+Warrin was again the top team at Golden Gate Sotheby’s in San Francisco and Marin, and again one of the top teams in the country. We’d like to to thank all of our friends, clients, and colleagues who have entrusted us to help them with their real estate needs.
1
TOP
NATIONWIDE
%
If you have questions about the market or the value of your home, call us anytime at 415-299-8999, or email team@applegarthwarrin.com.
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A P P L E G A R T H + W A R R I N
#1 TE AM
5
POW ER OF THE BR A ND Tr u s t e d t o S e l l Yo u r M o s t V a l u e d A s s e t
SOTHEBY’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 affluent buyers around the world.
S O T H E B Y ’ S I N T E R N AT I O N A L R E A LT Y With our distinguished global referral network we can find qualified buyers or quality agents for your next purchase from around the globe. Our listings achieve maximum sale price.
6
1,100
26,500
83
O f f ices
S a les A sso c iates
Cou nt r ies
52M
1.2M
79M
M i l l ion A n nu a l
En g a ged S o c ia l
V ideos played i n 2 023
P a ge V isits SI R .com
Med ia fol lower s
#1
49%
41%
Most P rof i led Rea l Est ate
SI R .com v isits
O r g a n ic S ea rch T r a f f ic
Compa ny i n t he Ne w s
f rom outside U. S .
to SI R .com
Annual Market Report, 2023 Data | 3 7
SAN FRANCISCO BAY AREA HOUSING MARKET
JOB G A INS MODER AT E W HILE IN T ER NAT IONA L M IGR AT ION R ISE S Tight labor market conditions, rising wages and slowing in the technology sector all led to a moderation of job gains in the SF Bay Area. The regional economy added an estimated 50,000 jobs last year, while the unemployment rate ticked higher to 3.9%, which was still low by historical standards.
8
While hiring slowed across a range of industries, SF Bay Area consumer spending and income growth were resilient in 2023. Additionally, renewed international migration brought new households to the region and strengthened Bay Area Unemployment Rate Peak: 14.1% APRIL 2020
14%
12%
10%
8%
6%
3.9%
4%
NOV 2023
2%
0%
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
LOW IN V EN TORY IN A STA BILI Z ING M A R K ET The housing market stabilized somewhat during the second half of 2023, following the softening that began in mid-2022. For-sale inventory remained low throughout the year, constraining purchase activity for entry-level and trade-up buyers alike. Buyer demand for homes rose within the inner SF Bay Area as many employers pushed workers to return to office locations and commute times increased.
Source: US Bureau of Labor Statistics. Data through November 2023, seasonally adjusted.
Bay Area Job Creation (in thousands) 271
300 200
96.5 116.1
100
163.5
141.9 81.4 98.3
25.6
19.6 23.4
74.4
46.3 55 51.6
144.4 140.2 119.4122.7 100.9
132.9 76.2 76.6 68.5
22.5
49.7
0 -100
-36.5-38.7
-63.1 -107.3
-80.3
-200
-180.7 -221.5
-300 -400
-408.9
19 91 19 92 19 93 19 94 19 95 19 96 19 97 19 98 19 99 20 00 20 01 20 02 20 03 20 04 20 05 20 06 20 07 20 08 20 09 20 10 20 11 20 12 20 13 20 14 20 15 20 16 20 17 20 18 20 19 20 20 20 21 20 22 20 23
-500
Sources: BLS, RCG; as of November 2023
housing demand. In fact, in an initial positive sign for the SF Bay Area, international migration into California increased by more than 19% in 2023, building upon the pent-up inflow that nearly doubled migration in 2022. MORTG AGE R AT E S CON T IN U E TO I M PACT IN V EN TORY Despite a modest improvement in mortgage rates during the second half of 2023, many homeowners are still locked into mortgages with rates much below the current level. As a result, the number of active listings remained low throughout 2023, and for-sale inventory decreased further into the end of the year as seasonal trends took hold. In fact, the number of active listings decreased to less than 2,900 as of December 2023, the lowest level Homes Sold Bay Area Single Family Homes
2022
2,666 2023
2,391
since January 2022. Highlighting the low level of inventory, active listings averaged 4,400 homes in 2023, a decrease of 16% from 2022. Inventory was tight in all counties, as purchases outpaced new listings in half of SF Bay Area counties in December, while the number of listings was nearly unchanged in two more. The largest decreases in average inventory during 2023 were in Alameda and Contra Costa counties, with Santa Clara County not far behind. In Napa and Sonoma counties, inventory increased slightly from an already very low level. SA LE S CONST R A IN ED BY LOW SU PPLY A N D LOW ER T ECH- SECTOR DE M A N D The number of homes sold in 2023 declined by 23% to less than 36,000. The dwindling supply of homes for sale, as well as elevated mortgage rates and reduced affordability, constrained home sales. The buyer pool in some neighborhoods was further diminished by weakness in the technology sector. Tech sector jobs can provide significant income growth for employees, leading to greater housing demand. In the case of 2023, with many tech firms trimming staff or undergoing hiring freezes, diminished income prospects led to some households remaining on the sidelines. While the number of sales declined in all SF Bay Area counties, the pullback in sales activity was
Source: MLS
9
Median Price Bay Area Single Family Homes
2022
$1.19M
2023
$1.06M
Source: MLS
most significant in counties where options were already limited, including Alameda, Contra Costa and Napa counties. Meanwhile, sales volume was somewhat more stable in San Mateo and Santa Cruz counties. However, in the fourth quarter of 2023, sales volume was only 7% less than the same period one year prior, compared with a delta of 28% in mid2023, ending the year only slightly worse than 2022. SA LE S DECR E A SE MOR E FOR T HE M ID -R A NGE PR ICE T IER S Sales activity varied throughout the range of home values. In the SF Bay Area, the decline in sales activity was smaller comparatively at each end of the pricing spectrum. Though fewer homes priced less than $1.25 million and greater than $5 million sold in 2023, the decrease was less than sales between $1.25 and $5 million. In other words, the bulk of the decline in sales occurred within the $1.25 million to less than $5 million range. More specifically, sales slowed the most in the $2.5 to under $5 million price range. MOST HOM E S SELL OV ER LIST PR ICE In 2023, 54% of homes closed above the list price, a decrease of six percentage points from 2022. However, this understated the rebound in competition in the second half of 2023. During the last six months of the year, 56% of homes sold for more than the asking price, compared with
50% during the first half of 2023 and 44% during the second half of 2022. Tight inventory focused potential buyers into a more limited subset of homes, particularly in prime neighborhoods. As a result, competition increased in many neighborhoods and fewer homes sold for less than the asking price. Notably, sellers that accepted offers over asking received a little more than 8% over the list price, on average. PR ICE S A R E LOW ER , BU T EN D T HE Y E A R ON A POSIT I V E NOT E The median sales price in the SF Bay Area decreased by 3.8%, to $1.25 million in 2023, with prices also declining in nearly all counties. The median sales price in Santa Cruz County was stable, while the price increased slightly in Sonoma County in 2023. However, examining just the last quarter of 2023 indicates a different trend. The median sales price increased by 6.8%, year-over-year, in the fourth quarter in the SF Bay Area. This price appreciation was broadbased, with eight of the ten SF Bay Area counties registering a year-over-year price increase during the last quarter of the year. In Alameda and Santa Clara counties, a resurgence in competition drove stronger price growth, as of the fourth quarter of 2023. But some regions still gave up ground during the fourth quarter, including Santa Cruz, San Francisco and Napa counties. In fact, in Santa Cruz County, the Sold Price as % of Original List Price Bay Area Single Family Homes
2022
99.9% 2023
Source: MLS
10
96.2%
Homes Selling over List Price Rebound
Peak: 77% APRIL-MAY 2020
% of Listings Sold Over, At, or Under List Price
% of Listings Sold Over List Price
54% Over List DEC 2023
% of Listings Sold At List Price 8% At List DEC 2023 2018
2019
2020
2021
2022
2023
38% Under List
% of Listings Sold Under List Price
DEC 2023
Source: MLS, RCG Single Family Homes
year-end median sales price fell by a little more than 7% during this period, as the sale of homes priced above $1.25 million declined, while the sales of homes priced below $1.25 million held up relatively well. PACE OF SA LE S COM PA R E S FAVOR A BLY IN SECON D H A LF OF T HE Y E A R More broadly, average days on market remained elevated in the SF Bay Area during 2023, despite a slight downtick in the latter half of the year. The average number of days spent on the market was 28 days among homes sold during 2023, five days longer than 2022. However, the number of days on market began to trend down towards year-end. In markets where second homes and Average Days on Market Bay Area Single Family Homes 2023
41 35
2022
vacation homes accounted for a larger proportion of listings, such as Napa, Santa Cruz and Sonoma counties, the average days on market increased more significantly in 2023, and did not improve much in the second half of 2023. Strong demand met limited inventory in Santa Clara and Alameda counties, where increased competition led to some buyers offering shorter close periods. This competition helped keep average time on market in these counties relatively stable in 2023. LOOK ING A HE A D While the broader SF Bay Area housing market remains somewhat constrained by limited inventory to start 2024, demand for homes remains strong. Mortgage rates have fallen in recent weeks, which may bring some sidelined buyers back to the market. Additionally, the recent drop in rates may even make refinancing an option for those that purchased last year. Overall, economic conditions in the region should remain on par with 2023, with modest job and income gains across a range of industries. The key tech industry may have stabilized, which should help housing demand in many neighborhoods. For-sale inventory may remain somewhat limited for the foreseeable future. This will continue to constrain sales volume but at the same time potentially lead to increased competition in prime neighborhoods and gains across a range of price points.
Source: MLS
11
$1,600,000
S A N F R A NC I S C O B AY A R E A M E DI A N S A L E S PR IC E S : 19 91 - 2 0 2 3 Graph shows the 12-month rolling average of the median sales price for existing single family detached homes in the nine SF Bay Area counties. The rolling average smooths out seasonal variations to give a clear picture of long term trends.
$1,400,000
Source: California Association of Realtors
$1,200,000 Market Peak $789,250 May 2007
$1,000,000
$800,000
Dotcom bubble peaks
$600,000
$400,000
12-MONTH ROLLING AVERAGE
1991
12
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
High $1,500,000 April 2022
Subprime bubble bursts
MONTHLY MEDIAN
Market Trough $321,110 Feb 2009
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023 13
LUXURY MARKET SALES SUMMARY 14
S A N F R A NC I S C O B AY A R E A LU X U R Y M A R K E T Golden Gate Sotheby’s International Realty serves the SF Bay Area luxury home market with exclusive access to the largest international “Luxury MLS” — the Sotheby’s International Realty listing syndication platform, which inlcudes sothebysrealty.com and partners that include Mansion Global, The Wall Street Journal, Barron’s, Financial Times, James Edition and Juwai, just to name a few. The platform allows buyers from around the world to locate luxury homes in the SF Bay Area and beyond. 2023 Luxury Sales by County and Sale Price
2 0 2 3 LU X U R Y S A L E S The number of sales at the highest-end of the market fell 26% in 2023, but remained more than 20% above 2020 levels.
County
San Mateo Santa Clara San Francisco Marin
The highest-priced sale recorded in the MLS in 2023 was for the 11+ acre Woodside compound of former JetBlue Chairman Joel Peterson, listed by a Sotheby’s International Realty agent.
Alameda Sonoma Contra Costa Santa Cruz
Of the top ten highest sales for the year, seven were in San Mateo County, two were in San Francisco, and one was in Marin County.
2023 Luxury Sales by Price Band County
Santa Clara
104
204
San Francisco
38
92
33 10
Marin 43
10 2
Alameda
41
5
14
56
12
85
Contra Costa
Sonoma 24 13 4 Napa 11
82
364
San Mateo
67
Santa Cruz 16 4 1
For an in-depth review of the luxury housing market worldwide, see luxuryoutlook.com.
OU R B R O K E R AG E ’ S S IG N I F IC A N T S A L E S
Luxury Price Bands $10m+ $6-10m $4-6m
Solano 1
Sales Trends by Price Band
9 12 49
15
16
SAN FRANCISCO SALES SUMMARY 17
SAN FRANCISCO SINGLE FAMILY 2 0 2 3 A N N UA L S A L E S B Y DI S T R IC T · S I N G L E FA M I LY H O M E S Average Sale Price City
2023
High Sale
Avg Price/SF
2023
±%
2023
2023
±%
# of Sales 2023
±%
DOM 2023
±%
District 1
$2,691,667
-2.0%
$2,015,500
-16.0%
$20,000,000
$999
-6.8%
160
-22.7%
31
49.2%
District 2
$1,604,728
-10.6%
$1,501,000
-11.7%
$3,405,000
$945
-9.3%
344
-25.5%
24
24.9%
District 3
$1,346,979
-11.9%
$1,250,000
-10.7%
$2,850,000
$859
-4.7%
132
-17.0%
27
9.9%
District 4
$1,988,517
-11.6%
$1,750,000
-12.5%
$5,375,000
$928
-9.6%
252
-22.0%
25
25.3%
District 5
$2,688,393
-9.5%
$2,400,000
-9.4%
$9,938,000
$1,091
-5.9%
233
-33.2%
29
37.8%
District 6
$2,716,179
-13.6%
$2,600,000
-9.6%
$4,600,000
$965
-6.2%
33
-21.4%
47
58.1%
District 7
$6,487,332
11.9%
$5,049,500
2.0%
$34,500,000
$1,334
-4.9%
90
-3.2%
48
33.4%
District 8
$4,122,071
14.1%
$3,825,000
47.0%
$8,000,000
$1,145
-8.0%
14
-53.3%
60
19.6%
District 9
$1,828,804
-9.5%
$1,650,000
-9.6%
$7,675,000
$896
-10.3%
189
-22.2%
28
17.9%
District 10
$1,124,738
-9.2%
$1,100,000
-8.3%
$2,155,000
$756
-6.3%
374
-17.1%
29
14.8%
San Francisco Co.
$2,078,800
-6.3%
$1,562,500
-13.2%
$34,500,000
$937
-7.9%
1821
-22.8%
29
26.1%
DIST R IC T 1
DIST R IC T 4
DIST R IC T 6
DIST R IC T 9
Central Richmond, Inner Richmond, Outer Richmond, Jordan Park/Laurel Heights, Presidio, Lake Street, Sea Cliff, Lone Mountain
Balboa Terrace, Diamond Heights, Forest Hill, Forest Knolls, Ingleside Terrace, Midtown Terrace, Saint Francis Wood, Miraloma Park, Forest Hill Extension, Sherwood Forest, Mount Davidson Manor, Westwood Highlands, Westwood Park, Sunnyside, West Portal, Monterey Heights
Anza Vista, Hayes Valley, Lower Pacific Heights, Western Addition, Alamo Square, North Panhandle
Bernal Heights, Inner Mission, Mission Bay, Potrero Hill, South of Market, Yerba Buena, South Beach, Central Waterfront/ Dogpatch
DIST R IC T 2 Golden Gate Heights, Outer Parkside, Outer Sunset, Parkside, Central Sunset, Inner Sunset, Inner Parkside
DIST R IC T 3 Lake Shore, Merced Heights, Pine Lake Park, Stonestown, Lakeside, Merced Manor, Ingleside, Ingleside Heights, Oceanview
18
Median Sale Price
±%
DIST R IC T 5 Glen Park, Haight Ashbury, Noe Valley, Twin Peaks, Cole Valley/ Parnassus Heights, Buena Vista/Ashbury Heights, Castro, Corona Heights, Clarendon Heights, Duboce Triangle, Eureka Valley/Dolores Heights, Mission Dolores
DIST R IC T 7 Marina, Pacific Heights, Presidio Heights, Cow Hollow
DIST R IC T 8 Downtown, Financial District/ Barbary Coast, Nob Hill, North Beach, Russian Hill, Van Ness/ Civic Center, Telegraph Hill, North Waterfront, Tenderloin
D I S T R I C T 10 Bayview, Crocker Amazon, Excelsior, Outer Mission, Visitacion Valley, Portola, Silver Terrace, Mission Terrace, Hunter’s Point, Bayview Heights, Candlestick, Little Hollywood
S A N F R A N C I S C O · M ON T H LY M A R K E T T R E N D S · S I N G L E FA M I LY H O M E S Graphs show trends in market activity for the county comparing this year (dark lines) with last year (light lines) for the same period. Data is gathered from Multiple Listing Service (MLS) sources, reviewed for accuracy, and charted for easy comparison. Data shown is for single family homes only.
Data sourced from local MLS and deemed to be reliable, brokerage cannot verify data or guarantee accuracy. Data that appeared to be incorrect was not included in the calculations.
19
SAN FRANCISCO CONDOS 2 0 2 3 A N N UA L S A L E S B Y DI S T R IC T · C ON D O/ C O - O P/ T IC/ L O F T Average Sale Price City
2023
Median Sale Price 2023
High Sale
±%
2023
Avg Price/SF 2023
±%
# of Sales 2023
DOM
±%
2023
±%
District 1
$1,319,980
-5.4%
$1,250,000
-7.7%
$3,350,000
$825
-18.9%
117
-27.3%
36
26.1%
District 2
$1,021,765
-18.1%
$1,000,000
-23.1%
$1,600,000
$847
-12.7%
42
20.0%
37
8.7%
District 3
$881,752
-0.5%
$768,800
-0.2%
$1,500,000
$699
-8.4%
23
-37.8%
37
4.0%
District 4
$797,233
-9.6%
$655,000
-18.5%
$1,700,000
$744
-16.1%
43
-23.2%
55
32.5%
District 5
$1,378,690
-9.0%
$1,300,000
-11.9%
$4,350,000
$921
-9.6%
359
-33.1%
43
63.1%
District 6
$1,210,739
-5.7%
$1,195,000
-2.4%
$2,800,000
$890
-9.7%
213
-38.1%
46
22.0%
District 7
$1,977,836
0.9%
$1,592,500
-0.5%
$17,500,000
$1,074
-5.3%
222
-28.4%
40
16.8%
District 8
$1,121,268
-19.0%
$960,000
-9.9%
$4,950,000
$836
-18.0%
373
-26.9%
65
36.5%
District 9
$1,138,736
-8.2%
$970,000
-11.8%
$7,750,000
$925
-7.8%
617
-37.3%
68
31.0%
District 10 San Francisco Co.
$769,212
0.4%
$790,000
1.7%
$1,170,900
$645
-2.5%
51
-45.7%
77
9.8%
$1,264,026
-7.9%
$1,100,000
-8.3%
$17,500,000
$900
-10.4%
2060
-32.9%
55
30.5%
DIST R IC T 1
DIST R IC T 4
DIST R IC T 6
DIST R IC T 9
Central Richmond, Inner Richmond, Outer Richmond, Jordan Park/Laurel Heights, Presidio, Lake Street, Sea Cliff, Lone Mountain
Balboa Terrace, Diamond Heights, Forest Hill, Forest Knolls, Ingleside Terrace, Midtown Terrace, Saint Francis Wood, Miraloma Park, Forest Hill Extension, Sherwood Forest, Mount Davidson Manor, Westwood Highlands, Westwood Park, Sunnyside, West Portal, Monterey Heights
Anza Vista, Hayes Valley, Lower Pacific Heights, Western Addition, Alamo Square, North Panhandle
Bernal Heights, Inner Mission, Mission Bay, Potrero Hill, South of Market, Yerba Buena, South Beach, Central Waterfront/ Dogpatch
DIST R IC T 2 Golden Gate Heights, Outer Parkside, Outer Sunset, Parkside, Central Sunset, Inner Sunset, Inner Parkside
DIST R IC T 3 Lake Shore, Merced Heights, Pine Lake Park, Stonestown, Lakeside, Merced Manor, Ingleside, Ingleside Heights, Oceanview
20
±%
DIST R IC T 5 Glen Park, Haight Ashbury, Noe Valley, Twin Peaks, Cole Valley/ Parnassus Heights, Buena Vista/Ashbury Heights, Castro, Corona Heights, Clarendon Heights, Duboce Triangle, Eureka Valley/Dolores Heights, Mission Dolores
DIST R IC T 7 Marina, Pacific Heights, Presidio Heights, Cow Hollow
DIST R IC T 8 Downtown, Financial District/ Barbary Coast, Nob Hill, North Beach, Russian Hill, Van Ness/ Civic Center, Telegraph Hill, North Waterfront, Tenderloin
D I S T R I C T 10 Bayview, Crocker Amazon, Excelsior, Outer Mission, Visitacion Valley, Portola, Silver Terrace, Mission Terrace, Hunter’s Point, Bayview Heights, Candlestick, Little Hollywood
S A N F R A NC I S C O C ON D O M A R K E T T R E N D S Graphs show trends in market activity for the county comparing this year (dark lines) with last year (light lines) for the same period. Data is gathered from Multiple Listing Service (MLS) sources, reviewed for accuracy, and charted for easy comparison. Data shown is for single family homes only.
Data sourced from local MLS and deemed to be reliable, brokerage cannot verify data or guarantee accuracy. Data that appeared to be incorrect was not included in the calculations.
21
2644 Filbert I $7,8 1 0 , 5 0 0 COW HOLLOW I SOLD NOVEMBER 2023 L I ST E D BY A P P L EGA RT H + WA R R I N
22
23
HIGHEST PRICED HOME SALES 2023 SINGLE FAMILY HOMES
3450 WASHINGTON Presidio Heights
$39,500,000
Listed by Compass
9 25th AVE Sea Cliff
Listed by Compass
24
$23,500,000
Sold Off Market
$20,000,000
Listed by Compass
3410 JACKSON Presidio Heights
2750 VALLEJO Pacific Heights
130 SEA CLIFF Sea Cliff
$18,615,000
Listed by Sotheby’s Int. Realty
$18,500,000
2824 SCOTT Cow Hollow
Listed by Compass
$16,375,000
HIGHEST PRICED HOME SALES 2023 SINGLE FAMILY HOMES
23 PRESIDIO Presidio Heights
$16,300,000
$ 13,500,000
Sold Off Market .
2430 BROADWAY Pacific Heights
Listed by Compass
$14,300,000
Listed by Sotheby’s Int. Realty
Listed by Compass
2680 GREEN Cow Hollow
18 PRESIDIO Presidio Heights
2660 SCOTT Pacific Heights
$13,000,000
Listed by Coldwell Banker
$12,500,000
600 ELCAMINO DEL MAR Sea Cliff
$12,250,000
Listed by Compass
25
2023 SINGLE FAMILY HOME SALES OVER $3.5M Address Sales Price District 1 - Central Richmond 235 14th Ave $4,800,000 District 1 - Inner Richmond 770 Funston Ave $4,800,000 240 9th Ave $3,800,000 774 10th Ave $3,500,000 District 1 - Jordan Park/Laurel Heights 65 Parker Ave $6,775,000 141 Jordan Ave $6,400,000 77 Jordan Ave $5,650,000 137 Jordan Ave $3,900,000 District 1 - Lake Street 45 5th Ave $6,200,000 8 16th Ave $5,500,000 2212 Lake St $4,999,000 129 24th Ave $4,797,500 149 3rd Ave $4,150,000 1400 Lake St $3,998,000 84 5th Ave $3,950,000 164 24th Ave $3,930,000 1544 Lake St $3,900,000 35 17th Ave $3,550,000 District 1 - Lone Mountain 116 Stanyan St $3,599,000 District 1 - Seacliff 9 25th Ave $20,000,000 130 Sea Cliff Ave $18,615,000 600 El Camino Del Mar $12,250,000 710 El Camino del Mar $9,850,000 17 25th Avenue North $7,350,000 2820 Lake St $4,710,000 2740 Lake St $4,525,000 District 4 - Balboa Terrace 121 Junipero Serra Blvd $4,750,000 District 4 - Forest Hill 70 Sotelo Ave $4,850,000 171 San Marcos Ave $3,800,000 180 Castenada Ave $3,700,000
26
Date
DOM
List Price
BR/BA Sq Ft
$/Sq Ft
3-Aug
13
$4,680,000
5/5
4115
$1,166
31-Mar 21-Aug 25-Jan
61 4 0
$4,998,000 $3,695,000 $3,800,000
6/6 4/4 3/3
6850 3025 2322
$701 $1,256 $1,507
14-Sep 4-Dec 29-Mar 9-Jun
5 47 7 49
$6,775,000 $6,850,000 $5,650,000 $4,250,000
4/5 5/6 4/5 4/4
4500 4392 3555 N/A
$1,506 $1,457 $1,589 N/A
27-Nov 19-Oct 13-Mar 1-Nov 6-Apr 28-Mar 23-Feb 30-Jan 23-Feb 23-Jun
51 11 11 19 122 4 8 110 71 5
$6,500,000 $5,495,000 $4,780,000 $5,450,000 $4,780,000 $3,998,000 $3,998,000 $5,280,000 $3,995,000 $3,150,000
6/4 4/6 3/5 4/4 4/5 4/5 5/4 3/4 4/3 3/3
4355 N/A 4395 3810 2748 3995 2690 4057 3205 2900
$1,424 N/A $1,137 $1,259 $1,510 $1,001 $1,468 $969 $1,217 $1,224
4-Aug
80
$3,999,000
4/5
3067
$1,173
18-Apr 4-Dec 21-Apr 14-Nov 5-Apr 19-May 9-Jun
205 39 24 35 7 9 24
$32,000,000 $19,800,000 $14,500,000 $12,900,000 $6,875,000 $4,500,000 $4,750,000
5/7 5/8 5/7 6/6 5/5 4/4 3/4
7540 6335 9390 6854 4805 3349 3600
$2,653 $2,938 $1,305 $1,437 $1,530 $1,406 $1,257
6-Oct
20
$4,650,000
4/5
5381
$883
6-Oct 31-Mar 5-Jul
99 7 15
$5,295,000 $3,700,000 $3,595,000
5/8 4/4 5/5
4242 3570 4053
$1,143 $1,064 $913
2023 SINGLE FAMILY HOME SALES OVER $3.5M Address Sales Price 55 Mendosa Ave $3,600,000 343 Castenada Ave $3,500,000 District 4 - Forest Hill Extension 140 Vasquez Ave $3,640,000 District 4 - Ingleside Terrace 2 Mercedes Way $4,250,000 District 4 - Monterey Heights 166 Yerba Buena Ave $5,375,000 District 4 - Sherwood Forest 33 Robinhood Dr $3,750,000 District 4 - St. Francis Wood 29 San Leandro Way $4,725,000 72 San Benito Way $4,250,000 10 San Benito Way $3,908,800 65 Santa Clara Ave $3,805,000 50 Santa Paula Ave $3,500,000 55 Santa Ana Ave $3,500,000 District 4 - Westwood Park 600 Miramar Ave $3,680,000 District 5 - Buena Vista/Ashbury Heights 15 Buena Vista Ter $7,500,000 79 Divisadero St $4,200,000 1430 Masonic Ave $4,100,000 District 5 - Clarendon Heights 50 St Germain Ave $9,938,000 33 Mountain Spring Ave $5,725,000 1 Twin Peaks Blvd $4,219,500 District 5 - Cole Valley/Parnassus Heights 1529 Shrader St $6,144,000 156 Grattan St $5,435,000 1187 Stanyan St $5,300,000 212 Edgewood Ave $5,300,000 737 Cole St $4,700,000 464 Belvedere St $4,300,464 507 Belvedere St $3,900,000 District 5 - Corona Heights 157 States St $5,600,000 457 Roosevelt Way $5,350,000
Date DOM 1-May 14 13-Nov 7
List Price BR/BA Sq Ft $3,500,000 5/4 3205 $3,595,000 4/4 3616
$/Sq Ft $1,123 $968
9-Mar
13
$3,200,000
4/5
3750
$971
6-Apr
19
$4,375,000
7/9
6459
$658
30-Oct
0
$5,865,000
5/7
6290
$855
28-Sep
19
$3,750,000
5/5
3883
$966
9-Nov 10-Jan 10-Jul 16-Oct 10-Feb 3-Nov
0 78 12 13 43 13
$4,850,000 $4,499,000 $3,698,000 $3,650,000 $3,750,000 $3,295,000
6/4 3/4 4/3 4/4 4/4 4/3
3945 3406 3120 3405 3521 2745
$1,198 $1,248 $1,253 $1,117 $994 $1,275
6-Oct
7
$3,490,000
5/7
4102
$897
26-May 11-Oct 8-Nov
81 9 190
$7,950,000 $3,795,000 $4,995,000
5/5 4/4 4/4
7138 N/A 3826
$1,051 N/A $1,072
18-Jan 10-Mar 14-Aug
1 0 54
$9,938,000 $5,995,000 $4,550,000
6/7 5/6 4/5
7616 6115 3132
$1,305 $936 $1,347
25-Aug 14-Dec 8-May 5-Sep 4-Oct 3-May 6-Oct
0 18 4 60 7 6 7
$6,700,000 $5,350,000 $4,950,000 $5,195,000 $4,500,000 $3,975,000 $3,375,000
3/5 5/5 5/5 4/3 5/4 3/3 3/2
4130 3364 4060 3418 3220 2620 2645
$1,488 $1,616 $1,305 $1,551 $1,460 $1,641 $1,474
10-May 6-Oct
8 8
$5,600,000 $5,500,000
4/5 4/5
3285 3295
$1,705 $1,624
27
2023 SINGLE FAMILY HOME SALES OVER $3.5M Address Sales Price 4064 17th St $3,900,000 47 Levant St $3,750,000 District 5 - Eureka Valley/Dolores Heights 41 Ford St $4,999,000 378 Collingwood St $4,875,000 339 Collingwood St $4,520,000 3649 21st St $3,950,000 4349 20th St $3,550,000 220 Danvers St $3,500,000 District 5 - Glen Park 2 Everson St Off-Market 80 Laidley St $5,800,000 42 Digby St $5,200,000 264 Surrey St $3,500,000 District 5 - Haight Ashbury 1318 Page St $4,500,000 District 5 - Mission Dolores 67 Linda St $4,650,000 District 5 - Noe Valley 4028-4030 23rd St $7,000,000 4326 Cesar Chavez St $5,500,000 942 Noe St $5,300,000 2220 Castro St $4,999,999 653 28th St $4,995,000 33 Day St $4,700,000 729 Elizabeth St $4,700,000 21 Jersey St $4,600,000 205 Clipper St $4,500,000 752 27th St $4,500,000 1363 Sanchez St $4,300,000 169 27th St $4,300,000 928 Diamond St $4,200,000 422 Jersey St $4,180,000 3723 22nd St $4,100,000 851 27th St $3,950,000 478 Hoffman Ave $3,902,500 4518 25th St $3,700,000 4109 23rd St $3,700,000
28
Date DOM 10-Feb 6 17-Mar 5
List Price BR/BA Sq Ft $3,150,000 4/4 3038 $3,495,000 5/4 3068
$/Sq Ft $1,284 $1,222
11-Jan 27-Feb 14-Apr 16-Nov 28-Nov 31-Aug
77 19 8 13 36 93
$5,680,000 $4,875,000 $3,995,000 $3,495,000 $3,895,000 $4,650,000
4/5 3/3 3/2 3/3 4/4 3/3
4355 2570 2511 2735 2885 3713
$1,148 $1,897 $1,800 $1,444 $1,231 $943
14-Feb 27-Apr 12-Oct 15-Jun
** 73 5 11
$8,700,000 $6,495,000 $5,200,000 $3,295,000
4/5 5/6 4/4 4/4
4057 4671 3640 2797
$1,526 $1,242 $1,429 $1,251
26-Oct
3
$4,185,000
4/5
3345
$1,345
29-Sep
7
$4,695,000
3/4
3064
$1,518
23-Oct 6-Nov 26-Jun 12-Oct 7-Apr 18-Apr 9-May 17-Jul 14-Apr 20-Sep 17-May 26-May 23-Oct 30-Jun 1-Mar 1-Aug 3-Jan 24-Feb 1-Dec
27 37 25 6 25 67 3 51 12 0 61 7 7 12 5 42 7 10 23
$7,995,000 $5,750,000 $5,495,000 $4,995,000 $4,995,000 $5,495,000 $3,889,000 $4,600,000 $4,500,000 $4,695,000 $4,795,000 $3,595,000 $3,895,000 $4,200,000 $3,875,000 $4,400,000 $3,495,000 $3,700,000 $3,495,000
6/6 5/6 3/4 4/5 5/6 5/5 4/4 5/4 5/5 4/4 4/5 5/4 5/4 4/3 3/4 4/3 3/4 4/4 4/3
5276 4180 3655 3972 4105 4151 2750 3396 3025 3500 N/A 3166 3872 N/A 2780 2642 2900 2577 2484
$1,327 $1,316 $1,450 $1,259 $1,217 $1,132 $1,709 $1,355 $1,488 $1,286 N/A $1,358 $1,084 N/A $1,475 $1,495 $1,346 $1,436 $1,490
2023 SINGLE FAMILY HOME SALES OVER $3.5M Address Sales Price District 6 - Anza Vista 1100 Broderick St $3,575,000 District 6 - Hayes Valley 399 Webster St $5,000,000 738 Hayes St $4,800,000 District 6 - Lower Pacific Heights 2866-2868 Pine St $4,600,000 2578 Pine St $4,500,000 1876-1878 Bush St $3,988,000 2018 Buchanan St $3,600,000 District 6 - North Panhandle 1631 Grove St $4,250,000 705 Broderick St $3,900,000 1342 Fell St $3,600,000 District 7 - Cow Hollow 2750 Vallejo St $23,500,000 2824 Scott St $16,375,000 2680 Green St $13,500,000 2863 Green St $9,995,000 2555 Union St $9,266,000 2535-2537 Lyon St $9,000,000 2600 Green St $8,810,000 2880 Green St $8,300,000 2644 Filbert St $7,810,500 2900 Scott St $7,800,000 2460 Union St $7,500,000 2590 Union St $7,250,000 2763 Green St $6,750,000 2400 Green St $6,050,000 2601-2609 Union St $5,875,000 2820 Vallejo St Off-Market 2611 Filbert St $5,600,000 2770 Green St $5,250,000 2746 Filbert St $4,999,000 2634 Broderick St $4,800,000 2757 Divisadero St $4,725,000 2515 Filbert St $4,540,000 2836 Filbert St $3,600,000
Date
DOM
List Price
BR/BA Sq Ft
$/Sq Ft
24-Apr
406
$4,485,000
5/4
N/A
N/A
9-Sep 10-Jun
124 4
$3,100,000 $3,995,000
5/4 5/5
9000 4460
$556 $1,076
13-Oct 17-Jan 21-Nov 1-Sep
40 0 92 8
$5,500,000 $4,500,000 $4,499,000 $3,349,000
5/5 4/3 6/5 4/4
4270 2864 4256 2600
$1,077 $1,571 $937 $1,385
28-Apr 9-Aug 2-Aug
0 22 116
$3,995,000 $4,250,000 $4,195,000
3/5 4/4 4/5
3895 N/A 3780
$1,091 N/A $1,110
18-Aug 8-Sep 24-Apr 24-Feb 10-May 14-Aug 20-Oct 22-Nov 7-Nov 7-Sep 20-Jun 15-Jun 7-Jun 17-Apr 12-Apr 20-Jun 28-Nov 27-Nov 15-May 3-Jul 12-Dec 4-Apr 25-Sep
42 334 0 38 19 74 14 70 40 14 21 35 10 28 52 ** 69 75 7 52 38 102 47
$29,750,000 $19,000,000 $13,750,000 $10,995,000 $10,200,000 $9,995,000 $8,500,000 $9,950,000 $7,995,000 $8,370,000 $7,750,000 $8,995,000 $6,300,000 $6,300,000 $6,150,000 $6,150,000 $6,550,000 $6,500,000 $5,295,000 $5,275,000 $4,995,000 $5,499,999 $3,895,000
6/8 6/10 5/7 4/6 4/4 5/5 5/7 5/6 5/7 7/7 5/4 5/4 3/4 4/5 5/6 4/4 5/6 4/4 3/4 4/5 5/5 3/3 4/3
7840 7410 4930 4455 5830 4891 6865 5600 5445 6670 5056 4990 3320 4630 4695 2500 3550 4370 2970 3395 4314 3415 N/A
$3,795 $2,564 $2,789 $2,468 $1,750 $2,044 $1,238 $1,777 $1,468 $1,255 $1,533 $1,803 $1,898 $1,361 $1,310 $2,460 $1,845 $1,487 $1,783 $1,554 $1,158 $1,611 N/A
29
2023 SINGLE FAMILY HOME SALES OVER $3.5M Address 2008 Vallejo St District 7 - Marina 3560 Baker St 112 Mallorca Way 611 Marina Blvd 805 Marina Blvd 116 Avila St 2280 Bay St 153 Avila St 3150 Baker St 75 Rico Way 3159 Baker St 1990 Jefferson St 39 Avila St District 7 - Pacific Heights 2660 Scott St 2430 Broadway St 2430 Pacific Ave 2342 Washington St 2324-2326 Vallejo St 2627 Steiner St 2815 Pacific Ave 2610 Pacific Ave 3075 Pacific Ave 2125 Broderick St 2667 Clay St 3007 Jackson St 2341 Vallejo St 2405 Washington St 2410 Steiner St 3198 Pacific Ave 2612 California St 2430 Clay St 2572 Washington St 2655 Scott St 2121 Lyon St 2019 Webster St 2655 Clay St
30
Sales Price $3,530,000
Date 17-Apr
DOM 0
List Price BR/BA Sq Ft $3,530,000 5/3 N/A
$/Sq Ft N/A
Off-Market $5,680,000 $5,250,000 $4,510,000 $4,500,000 $4,275,000 $3,898,000 $3,825,000 $3,725,000 $3,600,000 $3,550,000 $3,500,000
23-May 15-Aug 15-Aug 16-Nov 16-Jun 20-Nov 30-Jun 26-Oct 22-Dec 1-Jun 23-Jun 15-Nov
** 191 17 62 19 18 20 45 87 39 3 67
$13,250,000 $7,599,000 $5,250,000 $4,895,000 $4,495,000 $4,500,000 $3,898,000 $4,380,000 $3,995,000 $3,499,000 $3,695,000 $3,995,000
5/3 5/5 4/4 4/5 3/3 5/4 3/3 4/4 4/3 6/4 3/3 4/3
6075 4810 4178 3505 2474 3170 2492 2612 N/A 4680 1758 2485
$2,180 $1,181 $1,257 $1,287 $1,819 $1,349 $1,564 $1,464 N/A $769 $2,019 $1,408
$13,000,000 $12,500,000 $9,999,900 $9,998,000 $9,980,000 $9,500,000 $8,500,000 $8,300,000 $7,900,000 Off-Market $7,000,000 $6,800,000 $6,000,000 $5,950,000 $5,700,000 $5,650,000 $5,100,000 $4,600,000 $4,528,000 $4,400,000 $4,250,000 $4,200,000 $4,000,000
20-Jul 19-Oct 31-May 14-Jun 29-Aug 27-Jan 2-May 22-Nov 2-Jun 18-May 30-May 29-Aug 20-Sep 22-Mar 25-Sep 5-May 1-Dec 1-Jun 14-Aug 28-Apr 4-Dec 21-Feb 21-Nov
174 4 54 67 0 92 214 1 46 ** 23 86 24 23 2 9 174 19 7 0 32 31 44
$16,500,000 $12,500,000 $14,000,000 $11,900,000 $10,800,000 $9,500,000 $9,500,000 $8,300,000 $7,900,000 $7,100,000 $6,998,000 $7,200,000 $6,298,000 $5,950,000 $5,500,000 $4,790,000 $6,495,000 $4,300,000 $3,600,000 $4,800,000 $4,249,000 $4,488,000 $3,995,000
7/7 5/6 8/7 5/8 6/7 3/6 5/6 7/8 3/4 4/3 4/4 6/5 4/5 5/4 4/5 6/4 4/5 3/4 3/3 3/3 5/4 4/4 4/3
9190 N/A 8130 6503 6655 4920 5020 6370 3525 4366 N/A 5550 3650 3878 3810 4170 4099 2544 2488 2335 4010 N/A 2622
$1,415 N/A $1,230 $1,537 $1,500 $1,931 $1,693 $1,303 $2,241 $1,626 N/A $1,225 $1,644 $1,534 $1,496 $1,355 $1,244 $1,808 $1,820 $1,884 $1,060 N/A $1,526
2023 SINGLE FAMILY HOME SALES OVER $3.5M
Address District 7 - Presidio Heights 3450 Washington St 3052 Pacific St 3410 Jackson St 23 Presidio Ter 18 Presidio Ter 3530 Washington St 5 Presidio Ter 3212 Jackson St 214 Spruce St 3516 Clay St 3555 Clay St 115 Spruce St 139 Cherry St 230 Cherry St 3300 Jackson St 551 Spruce St District 8 - Russian Hill 875 Francisco St 1071 Vallejo St 930 Chestnut St 2323 Hyde St 45 Glover St 785 Francisco St 7 Russian Hill Pl 2345 Hyde St District 9 - Bernal Heights 111 Montcalm St 18 Prospect Ave 106 Coleridge St District 9 - Inner Mission 837 South Van Ness Ave 2519 Harrison St District 9 - Potrero Hill 650 De Haro St 547 Missouri St 1321 De Haro St
Sales Price
Date
DOM
List Price
BR/BA Sq Ft
$/Sq Ft
$34,500,000 Off-Market $18,500,000 $16,300,000 $14,300,000 $11,250,000 $8,750,000 $7,340,000 $7,200,000 $6,160,000 $5,700,000 $5,550,000 $4,995,000 $4,500,000 $4,080,000 Off-Market
7-Mar 26-Sep 5-May 26-Oct 6-Oct 26-Oct 12-Oct 8-May 16-Mar 16-Jun 17-Jul 30-Nov 1-Jun 2-Oct 19-Dec 23-May
122 ** 72 27 18 5 10 64 6 124 61 70 16 31 9 **
$45,000,000 $31,200,000 $23,500,000 $17,900,000 $14,950,000 $11,750,000 $7,900,000 $9,800,000 $6,550,000 $9,000,000 $6,800,000 $6,000,000 $5,250,000 $4,995,000 $4,250,000 $3,900,000
6/10 6/6 5/6 7/8 7/6 5/6 4/5 7/8 4/4 5/4 5/5 5/5 3/3 5/5 4/6 5/3
9865 7050 7140 9504 9600 6315 5040 6101 3638 N/A 4390 3865 2740 4165 5130 2000
$3,497 $4,425 $2,591 $1,715 $1,490 $1,781 $1,736 $1,203 $1,979 N/A $1,298 $1,436 $1,823 $1,080 $795 $2,180
$8,000,000 $7,000,000 $6,500,000 $6,375,000 $5,550,000 $4,725,000 $4,325,000 $3,950,000
22-Sep 29-Dec 30-Mar 31-Oct 10-Mar 17-Jul 28-Apr 17-Nov
186 0 0 37 189 112 6 120
$8,495,000 $6,300,000 $6,500,000 $9,980,000 $6,500,000 $5,500,000 $3,895,000 $4,200,000
4/6 5/6 4/4 6/8 4/5 4/4 3/4 3/3
6330 5174 4137 8500 3225 3349 3540 2760
$1,264 $1,353 $1,571 $750 $1,721 $1,411 $1,222 $1,431
$4,600,000 $3,800,000 $3,900,000
2-Jun 14-Aug 13-Nov
0 33 5
$4,695,000 $3,988,000 $3,825,000
4/5 4/4 4/4
3400 3280 3015
$1,353 $1,159 $1,294
$4,300,000 $3,895,000
24-Apr 14-Aug
13 17
$4,795,000 $3,895,000
4/5 5/6
4016 3665
$1,071 $1,063
$7,675,000 $4,850,000 $3,895,000
13-Dec 23-Oct 17-Mar
53 12 117
$9,500,000 $4,895,000 $3,995,000
7/8 5/6 4/5
5894 N/A 3722
$1,302 N/A $1,046
31
HIGHEST PRICED HOME SALES 2023 CONDOS
2121 WEBSTER #PH1-7 Pacific Heights
$17,500,000
$8,400,000
Listed by Compass
301 MISSION #54B Yerba Buena
Listed by Sotheby’s Int. Realty
32
$11,000,000
Listed by Sotheby’s Int. Realty
Listed by Compass
1958 VALLEJO #11 Pacific Heights
1960 BROADWAY #PH Pacific Heights
1940 BROADWAY #8 Pacific Heights
$8,000,000
Listed by Sotheby’s Int. Realty
$7,750,000
2121 WEBSTER #605 Pacific Heights
Sold Off Market
$6,500,000
HIGHEST PRICED HOME SALES 2023 CONDOS
2121 WEBSTER #501 Pacific Heights
$6,250,000
Sold Off Market
1515 UNION #6A Cow Hollow
Listed by Compass
$6,100,000
Listed by Sotheby’s Int. Realty
$6,000,000
2121 WEBSTER #305 Pacific Heights
$5,716,000
Sold Off Market
Sold Off Market
188 MINNA #25CD Yerba Buena
1 SOUTH PARK #406 South Beach
$5,700,000
338 MAIN #30B South Beach
$5,450,000
Listed by Sotheby’s Int. Realty
33
2023 CONDO SALES OVER $2.5M Address Sales Price District 1 - Lake Street 120 2nd Ave $2,550,000 District 5 - Cole Valley/Parnassus Heights 169 Parnassus Ave $2,545,000 District 5 - Corona Heights 46 States St $3,128,885 District 5 - Eureka Valley/Dolores Heights 806 Dolores St $2,990,000 District 5 - Mission Dolores 93 Cumberland St $3,950,000 149 Albion St $2,550,000 3663 17th St $2,525,000 District 5 - Noe Valley 1099 Dolores St $4,350,000 489 Elizabeth St $3,850,000 1070 Sanchez St $3,490,000 1117 Church St $3,260,000 4063 Cesar Chavez St $2,795,000 580 Diamond St $2,711,000 21 Homestead St $2,500,000 District 6 - Hayes Valley 605 Waller St $2,565,000 District 6 - North Panhandle 709 Lyon St #1 $2,800,000 709 Lyon St #2 $2,750,000 2139 Grove St $2,700,000 District 7 - Cow Hollow 1958 Vallejo St #11 $8,400,000 1515 Union St #6A $6,000,000 1864 Green St $4,150,000 1911-B Vallejo St $3,800,000 1980 Vallejo St #9 $3,750,000 2668 Greenwich St $2,800,000 2867 Green St $2,750,000 2821 Buchanan St #3-4 $2,700,000 2849 Gough St $2,680,000 2795 Laguna St $2,505,000 District 7 - Marina 1258 Francisco St $3,250,000 1456 Jefferson St $2,976,000
34
Date
DOM
List Price
BR/BA Sq Ft $/Sq Ft
7-Aug
7
$2,495,000
4/3
2600
16-Oct
6
$1,995,000
3/2
1848 $1,377
6-Nov
8
$3,295,000
4/4
3105 $1,008
31-Jan
28
$2,990,000
3/3
2165 $1,381
14-Apr 6-Jun 30-Nov
205 93 74
$5,395,000 $2,649,000 $2,699,000
4/4 3/3 4/2
5332 $741 1840 $1,386 3126 $808
2-May 11-Oct 25-Sep 24-Mar 2-Jun 22-May 10-Apr
34 26 7 11 0 7 8
$4,495,000 $3,995,000 $3,195,000 $3,195,000 $2,795,000 $2,600,000 $2,195,000
4/4 3/3 4/5 5/4 3/3 3/4 3/3
2680 3113 2750 2697 1792 2447 2430
19-Dec
94
$2,900,000
4/3
2459 $1,043
16-Feb 24-Mar 3-Mar
4 37 7
$2,799,000 $2,799,000 $2,680,000
3/3 3/3 3/3
2200 $1,273 N/A N/A 2906 $929
3-Feb 23-Jan 23-Jun 10-Aug 18-Dec 13-Mar 24-Aug 20-Jul 2-Jun 19-Jul
100 0 7 112 0 22 28 47 24 19
$9,995,000 $6,000,000 $3,675,000 $3,900,000 $3,995,000 $2,995,000 $2,950,000 $2,888,000 $2,895,000 $2,675,000
4/3 4/3 3/2 4/5 4/3 3/2 3/2 3/2 3/3 3/2
2920 2362 1998 3105 2238 2455 2376 2375 N/A 2421
21-Sep 12-Apr
0 16
$3,395,000 $3,125,000
4/3 3/3
2710 $1,199 2676 $1,112
$981
$1,623 $1,237 $1,269 $1,209 $1,560 $1,108 $1,029
$2,877 $2,540 $2,077 $1,224 $1,676 $1,141 $1,157 $1,137 N/A $1,035
2023 CONDO SALES OVER $2.5M Address Sales Price 2229 Beach St $2,725,000 1501 Beach St #402 Off-Market District 7 - Pacific Heights 2121 Webster St #PH1-7 $17,500,000 1960 Broadway #PH $11,000,000 1940 Broadway St #8 $8,000,000 2121 Webster St #605 $6,500,000 2121 Webster St #501 $6,250,000 2121 Webster St #305 $5,716,000 2121 Webster St #507 $4,980,000 2121 Webster St #309 $4,800,000 2170 Jackson St #1 $4,625,000 2121 Webster St #502 $3,900,000 2151 Laguna St #3 $3,850,000 2121 Webster St #503 $3,750,000 2259 Clay St $3,700,000 2127 Broadway St #1 $3,358,888 2900 Pacific Ave #201 $3,350,000 2121 Webster St #207 $3,258,000 2425 Divisadero St $3,175,000 2500 Steiner St #1 $3,050,000 2266 Jackson St $2,725,000 2923 Jackson St #2 $2,695,000 1809 Gough St #101 $2,650,000 1810 Jackson St #8 $2,600,000 1810 Jackson St #6 Off-Market District 7 - Presidio Heights 3456 Sacramento St #5 $4,400,000 3931 Clay St $3,395,000 3937 Sacramento St $2,750,000 District 8 - Financial District 42 Hotaling Pl $4,950,000 550 Davis St #26 $2,640,000 640 Davis St #8 $2,500,000 District 8 - Nob Hill 10 Miller Pl #2300 $4,750,000 1170 Sacramento St #12D $4,500,000 District 8 - Russian Hill 1020 Vallejo #3 Off-Market 1338 Filbert St #D $4,125,000
Date 7-Mar 5-Sep
DOM List Price BR/BA Sq Ft $/Sq Ft 202 $3,095,000 3/2 2250 $1,211 ** $2,500,000 3/3 2200 $1,136
8-Sep 13-Apr 6-Dec 31-Jan 14-Dec 1-Jun 3-Feb 30-Nov 22-Mar 14-Dec 25-May 27-Apr 21-Sep 8-May 1-Feb 22-Jun 14-Apr 6-Jul 5-Jun 3-Jan 12-May 14-Sep 9-Nov
488 38 79 0 4 0 3 0 43 37 89 12 22 0 20 36 0 102 0 68 49 17 **
$24,500,000 $11,250,000 $8,750,000 $6,000,000 $6,250,000 $5,716,000 $4,500,000 $4,800,000 $4,295,000 $4,000,000 $4,395,000 $3,800,000 $3,850,000 $3,488,888 $3,500,000 $3,950,000 $3,300,000 $3,750,000 $2,795,000 $2,895,000 $2,895,000 $2,700,000 $2,500,000
5/6 3/5 3/3 3/3 3/3 3/3 2/2 3/3 3/4 2/2 4/3 2/2 3/3 3/4 3/3 2/2 4/3 2/3 3/3 3/3 3/4 4/4 5/3
5310 4360 N/A 2145 2112 2114 1940 2349 3300 1434 2624 1325 3030 N/A N/A 1401 2515 2430 1944 2880 3706 3271 3271
13-Nov 14-Aug 5-May
47 40 19
$4,795,000 $3,395,000 $2,695,000
4/4 5/3 3/3
2581 $1,705 2655 $1,279 2200 $1,250
4-Apr 19-Dec 30-Jun
63 145 48
$6,900,000 $2,750,000 $2,695,000
3/3 4/3 3/3
3530 $1,402 2251 $1,173 2251 $1,111
3-Oct 3-Apr
24 112
$5,250,000 $6,000,000
3/4 3/5
2400 $1,979 2780 $1,619
5-Sep 13-Jun
** 40
$7,100,000 $4,250,000
2/2 2/2
2822 $2,516 3005 $1,373
$3,296 $2,523 N/A $3,030 $2,959 $2,704 $2,567 $2,043 $1,402 $2,720 $1,467 $2,830 $1,221 N/A N/A $2,325 $1,262 $1,255 $1,402 $936 $715 $795 $764
35
2023 CONDO SALES OVER $2.5M Address 999 Green St #2903 2320 Hyde St 1268 Lombard St #4 1750 Taylor St #603 1000 North Point St #1801 999 Green St #2302 827 North Point St #2 1150 Lombard St #3 District 8 - Telegraph Hill 1250 Montgomery St District 9 - Inner Mission 400 Treat Ave #2E District 9 - Mission Bay 708 Long Bridge St #614 District 9 - Potrero Hill 716 Rhode Island St 335 Pennsylvania Ave 540 De Haro St #503 District 9 - South Beach 1 South Park St #406 338 Main St #30B 201 Folsom St #42AB 280 Spear St #33F 280 Spear St #36B 280 Spear St #36A 75 Folsom St #1502 201 Folsom St #40E 219 Brannan St #18D 301 Main St #29B District 9 - South of Market 765 Market St #29A District 9 - Yerba Buena 301 Mission St #54B 188 Minna St #25CD 188 Minna St #31E 301 Mission St #54C 188 Minna St #30D 188 Minna St #30C
36
Sales Price Off-Market $3,300,000 $3,100,000 $3,100,000 $2,995,000 $2,700,000 $2,695,000 $2,510,000
Date DOM List Price BR/BA Sq Ft 31-Jul ** $3,800,000 1/1 971 19-Apr 178 $3,895,000 3/4 3295 30-May 55 $3,295,000 2/2 1425 27-Oct 2 $3,195,000 2/2 1790 6-Nov 33 $2,995,000 4/3 2365 27-Feb 18 $2,785,000 3/3 1709 14-Feb 116 $2,900,000 3/2 1586 6-Sep 144 $2,800,000 5/4 3481
$/Sq Ft $3,913 $1,002 $2,175 $1,732 $1,266 $1,580 $1,699 $721
$3,800,000
28-Apr
192
$4,500,000
3/4
2750 $1,382
$2,500,000
31-Oct
16
$2,500,000
1/1
3830
$2,568,000
8-Sep
28
$2,628,000
3/3
1943 $1,322
$3,600,000 Off-Market $2,800,000
14-Apr 5-Sep 26-Jun
0 ** 15
$3,700,000 $3,000,000 $2,895,000
3/4 3/2 2/3
2310 $1,558 2370 $1,266 1995 $1,404
$6,100,000 $5,450,000 $4,200,000 $4,000,000 $3,495,000 $3,495,000 $3,100,000 $3,000,000 $2,875,000 $2,850,000
11-Apr 27-Apr 16-Jun 20-Jan 16-Nov 16-Nov 31-Oct 11-Jul 21-Sep 22-Sep
14 182 115 70 65 0 23 234 0 1
$5,900,000 $5,795,000 $4,995,000 $4,380,000 $3,495,000 $3,495,000 $3,295,000 $3,250,000 $2,875,000 $2,999,000
3/5 4/3 2/3 3/3 3/3 3/3 2/2 3/3 3/3 3/2
3910 2685 2476 2000 2196 2192 2635 1784 2005 1630
$4,450,000
6-Mar
30
$4,995,000
4/5
3321 $1,340
$7,750,000 $5,700,000 $4,950,000 $4,000,000 $3,250,000 $3,250,000
17-Jan 18-Aug 16-Feb 28-Sep 22-Mar 22-Mar
4 133 0 108 0 0
$8,580,000 $6,500,000 $5,900,000 $5,750,000 $3,250,000 $3,250,000
2/4 2/3 3/3 2/4 2/3 2/3
3315 3462 2522 2819 1792 1670
$653
$1,560 $2,030 $1,696 $2,000 $1,592 $1,594 $1,176 $1,682 $1,434 $1,748
$2,338 $1,646 $1,963 $1,419 $1,814 $1,946
37
2601 UNION I $5,875,000 COW H O L LOW I SO L D A P R I L 202 3 L I ST E D BY A P P L EGA RT H + WA R R I N
38
39
BIGGEST OVERBIDS 2023 PROPERTIES SOLD OVER ASKING
84% OVER ASKING 593 Chenery, Glen Park
$1,610,000
Listed by SanFranRealEsate.com
69% OVER ASKING 611 Baker, North Panhandle
Listed by Coldwell Banker
40
$1,870,000
Listed by Berkshire Hathaway
$2,361,000
Listed by Vanguard
61% OVER ASKING 125 Cerritos, Ingleside Terrace
84% OVER ASKING 1100 Holloway, Ingleside Terrace
64% OVER ASKING 325 Teresita, Miraloma Park
$1,780,000
Listed by Park North Real Estate
$2,250,000
60% OVER ASKING 642 30th, Central Richmond
Listed by KW Realty
$1,750,000
PRICE INCREASES BY NEIGHBORHOOD AVERAGE PRICE PER SQUARE FOOT
Biggest Increase Over Past 10 Years
%
Smallest Increase Over Past 10 Years
%
Outer Parkside Central Sunset Parkside Outer Sunset Outer Richmond Merced Heights Central Richmond
74% 69% 67% 64% 59% 58% 52%
Financial District Russian Hill Nob Hill Inner Mission North Waterfront Buena Vista/Ashbury Heights Van Ness/Civic Center
-3% 0% 1% 2% 2% 2% 5%
Biggest Increase Over Past 5 Years
%
Smallest Increase Over Past 5 Years
%
Forest Hill Extension Midtown Terrace Stonestown Jordan Park/Laurel Heights Ingleside Heights Sea Cliff Golden Gate Heights
20% 15% 12% 11% 11% 11% 10%
Central Waterfront South Beach Bernal Heights Financial District Pacific Heights Pine Lake Park St. Francis Wood
-24% -22% -18% -16% -15% -13% -13%
Biggest Increase Over Past 3 Years
%
Smallest Increase Over Past 3 Years
%
Marina Miraloma Park Ingleside Clarendon Heights Inner Parkside Ingleside Heights Alamo Square
12% 6% 2% 1% 1% 0% 0%
Central Waterfront Merced Heights Sunnyside South Beach Sherwood Forest Forest Hill Extensio Pine Lake Park
-22% -17% -15% -14% -12% -11% -9%
Biggest Increase Over Past 1 Year
%
Smallest Increase Over Past 1 Year
%
Cole Valley/Parnassus Heights Miraloma Park Lake Shore Mission Dolores Golden Gate Heights Ingleside Parkside
4% 3% 3% 3% 3% 2% 2%
West Portal Glen Park Lakeside Pine Lake Park Forest Hill Extensio Sherwood Forest South Beach
-23% -20% -20% -19% -18% -18% -18%
41
DISTRICT 1 AVERAGE PRICE PER SQUARE FOOT 2019
2020
2021
2022
2023
$1,300 6.3% -0.9% 0.0% $1,100
5.6% 0.0%
-3.3%
9.9% 0.0% -0.4% -3.0%
11.5% 0.0%
1.4%
-11.4%
-8.1%
-8.6%
$900
$700
$500
Central Richmond
Inner Richmond
2019 $1,700
2020
Outer Richmond
2021
2022
Jordan Park/Laurel Heights
2023
29.6%
$1,500
$1,300
-15.7%
5.0%
10.6%
-2.2% 3.9%
2.2%
$1,100
12.0% -12.0%
6.7% 2.6%
$900
$700
$500
$300
42
Sea Cliff
Lake Street
Lone Mountain
-16.4%
DISTRICT 2 AVERAGE PRICE PER SQUARE FOOT 2019 9.4%
2020
2021
2022
2023
13.9% -4.5%
$1,100
15.6% 6.1%
-7.2%
-0.2%
9.3% -4.0%
8.8%
-17.9%
0.6%
1.9%
-12.4%
0.9% -7.1%
$900
$700
$500
Golden Gate Heights
Outer Parkside
2019
2020
Inner Parkside
2021
2022
Parkside
2023
5.2% $1,100
3.4%
10.8%
2.4%
-5.5% -11.5%
1.3%
8.8%
-11.6%
1.6%
9.3%
-9.0%
$900
$700
$500
Inner Sunset
Outer Sunset
Central Sunset
43
DISTRICT 3 AVERAGE PRICE PER SQUARE FOOT 2019
2020
2021
2022
2023
$1,100 5.0% -1.0%
3.0% 12.8%
-2.8%
-7.2% $900
2.6% 9.6%
-14.2%
8.6% -13.9%
-14.9%
$700
$500
Pine Lake Park
Merced Heights
2019
2020
Merced Manor
2021
2022
2023 6.2%
3.4%
6.6%
2.6%
$900
7.2%
-9.3%
9.3% -0.6%
11.6%
-1.2% -3.2%
-9.0%
$700
$500
44
Lake Shore
Oceanview
Lakeside
DISTRICT 3 AVERAGE PRICE PER SQUARE FOOT 2019
2020
2021
2022
2023
$1,100
9.3% $900
4.4% 0.7%
-1.5%
-17.1%
-16.0%
19.6% -6.1%
-8.3% -29.3% 0.0%
-18.3%
$700
$500
Ingleside
Ingleside Heights
Stonestown
45
DISTRICT 4 AVERAGE PRICE PER SQUARE FOOT 2019 $1,100
2020
2021
2022
2023
9.9%
10.5%
2.6%
2.0%
6.1% -6.5%
14.6%
11.8%
-2.6%
-3.7%
-13.4%
15.1% -0.3%
0.5%
$900
-23.2%
-13.8%
$700
$500
West Portal
Balboa Terrace
2019
2020
Diamond Heights
2021
2022
Ingleside Terrace
2023
14.5% $1,300 10.0%
$1,100
14.8%
-3.1%
2.6%
-15.2%
-5.9%
9.7%
7.4%
3.5%
-3.4%
16.2%
-2.3%
-12.0% 7.5%
$900
$700
$500
46
Midtown Terrace
St. Francis Wood
Miraloma Park
Sherwood Forest
-10.7%
DISTRICT 4 AVERAGE PRICE PER SQUARE FOOT 2019
2020
2021
2022
2023
9.4% 17.9% -0.7% -0.3% 10.3%
$900
6.1%
12.0%
$1,100
-7.6%
16.1% -20.4%
0.9%
-5.6%
5.1%
2.1%
-4.5%
-14.1%
$700
$500
Monterey Heights
Mount Davidson Manor
2019
2020
Westwood Highlands
2021
2022
Westwood Park
2023
23.3% $1,100
12.3% -10.2%
-2.5%
-2.1%
2.0%
4.4%
9.4%
2.1% 0.0%
8.7%
-3.1%
-4.6%
-10.0%
$900
-18.3% -19.8%
$700
$500
Forest Hill Extension
Sunnyside
Forest Knolls
Forest Hills
47
DISTRICT 5 AVERAGE PRICE PER SQUARE FOOT 2019
2020
2021
2022
2023
$1,300 -4.3%
3.4% -0.4% 0.7%
1.7% 0.7% -3.9%
5.4% 5.3%
$1,100
-12.9%
-1.1%
4.2%
-12.1%
5.3% -1.3%
$900
-15.8%
$700
$500
Glen Park
Haight Ashbury
2019
$1,300
7.7%
1.4% -5.0%
1.0% 1.2%
2020
Noe Valley
2021
2022
Twin Peaks
2023
22.4%
4.7%
1.6%
4.9%
-6.8% -1.3%
-1.7%
-8.6%
-12.9%
$1,100
-3.2%
-18.7%
$900
$700
$500
48
Cole Valley/Parnassus Heights
Buena Vista/Ashbury Heights
Corona Heights
Clarendon Heights
DISTRICT 5 AVERAGE PRICE PER SQUARE FOOT 2019
-13.0%
2021
2022
2023
2.6%
16.2% $1,200
2020
3.3% -3.6%
-5.5% -9.1%
-10.4%
6.6%
-2.4%
-11.1% -7.8%
$1,000
$800
$600
Duboce Triangle
Eureka Valley/Dolores Heights
Mission Dolores
49
DISTRICT 6 AVERAGE PRICE PER SQUARE FOOT 2019
2020
2021
2022
2023
$1,300
7.5%
$1,100
-7.2%
-0.4%
-10.4%
1.6%
4.1% -1.7%
4.1%
-1.8%
-8.5%
-9.0%
-12.2%
$900
$700
$500
Anza Vista
Hayes Valley
2019
2020
2021
2022
Lower Pacific Heights
2023
$1,200 5.5%
1.5%
1.1%
2.3% -3.6%
-6.5% -7.6%
$1,000 -17.0%
-6.4%
4.7% -2.6% -8.7%
$800
$600
$400
50
Alamo Square
North Panhandle
Western Addition
DISTRICT 7 AVERAGE PRICE PER SQUARE FOOT 2019
2020
2021
2022
2023 7.2%
$1,500
15.0%
-3.4% -2.5%
14.2%
-5.9% $1,300
-5.1%
3.1% 7.5% -1.0% -10.7%
-5.9%
2.2%
3.0%
-2.5%
-3.8% $1,100
$900
$700
$500
Cow Hollow
Marina
Pacific Heights
Presidio Heights
51
DISTRICT 8 AVERAGE PRICE PER SQUARE FOOT 2019
2020
2021
2022
2023
$1,400
3.8% -5.1% 0.5%
$1,200
$1,000
-4.1%
-0.9%
3.4%
-10.8%
1.5%
-14.4%
-9.5% -1.5%
-3.1% -10.2%
-2.4%
-10.1% $800
-13.2%
$600
$400
Downtown
Financial District
2019
-4.1% 1.0%
$1,300
2020
Nob Hill
2021
2022
North Beach
2023
2.8%
2.8% 1.1% -0.2% -12.6%
-9.8%
6.6%
$1,100 10.2%
-10.6% 0.4%
-4.9% 1.1% -5.3%
$900
-18.0%
$700
$500
52
North Waterfront
Russian Hill
Van Ness/Civic Center
Telegraph Hill
DISTRICT 9 AVERAGE PRICE PER SQUARE FOOT 2019
2020
2021
2022
2023
$1,400
$1,200 -3.9%
-3.2% -0.4%
-2.0%
2.8%
-12.4%
1.6%
-4.2%
-7.5%
-2.3%
-3.4%
-5.7% 0.7%
$1,000
-2.4%
-10.4% -11.3%
$800
$600
$400
Potrero Hill
Bernal Heights
2019
2020
Inner Mission
2021
2022
Mission Bay
2023
7.5%
$1,300
-3.2% -4.6%
-1.5% $1,100
-4.3%
-5.8% 0.3%
2.9% -0.5% 0.0%
-9.2% -3.5%
-15.9% -1.7% 2.2%
$900
-14.0% $700
$500
Central Waterfront/Dogpatch
South of Market
Yerba Buena
South Beach
53
3338 SCOTT I $ 1 ,6 8 6, 5 0 0 M A R I N A I SO L D N OV E M B E R 202 3 L I ST E D BY A P P L EG A RT H + WA R R I N
54
55
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.
56
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.
2023 was a challenging year for the U.S. housing market: mortgage rates hit a 2-decade high, housing
inventory remained at historic lows, and sales prices continued to climb nationwide, putting homeownership out of reach for many consumers. Housing affordability remained a top concern for homebuyers, and for good reason: mortgage payments are up significantly from 2022, with a number of homeowners now spending more than 30% of their income on their monthly payment. As a result, sales of previously owned homes remained sluggish throughout the year, while the shortage of existing-home inventory helped sales of new residential homes steadily increase from last year. Higher mortgage rates aren’t just affecting buyers. Many current homeowners purchased or refinanced their homes in 2020 or 2021, when mortgage rates were several percentage points lower than today’s rates. And while those pandemicera mortgages have been a blessing for many homeowners, they’ve also kept others from moving. Rather than give up their current mortgage rate for a higher rate and a more expensive monthly payment, some would-be sellers have chosen to put their moving plans on hold, further limiting the number of homes for sale and driving up home prices in the process.
Sales: Pending sales decreased 25.6 percent, finishing
Prices: Home prices were down compared to last year.
The overall median sales price decreased 9.1 percent to $1,315,000 for the year. Single Family home prices were down 12.9 percent compared to last year, and Condo/TIC/ Coop home prices were down 8.3 percent.
List Price Received: Sellers received, on average, 103.0 percent of their list price at sale, a year-over-year reduction of 4.8 percent.
With inflation showing signs of improvement, the Federal Reserve recently announced they are likely done raising interest rates for the time being and plan to make at least three cuts to their benchmark rate in 2024. Mortgage rates have been dropping in recent months, which should help bring buyers and sellers back to the market and could lead to an uptick in both home sales and housing supply. Affordability will still prove challenging for many homebuyers, however, and economists predict U.S. home sales will remain down compared to 2019 - 2022. As for home prices, opinions are mixed, with some analysts expecting prices will hold steady or continue rising in areas, while others foresee a modest price drop in some markets.
2023 at 4,120. Sold listings were down 27.4 percent to end the year at 4,092.
Listings: Comparing 2023 to the prior year, the number of homes available for sale was down by 19,7 percent. There were 612 active listings at the end of 2023. New listings decreased by 24.6 percent to finish the year at 6,209.
Table of Contents 3
Quick Facts
5
Property Type Review
6
Bedroom Range Review
7
Square Foot Range Review
8
Price Range Review
9 10
Area Overviews Area Historical Prices
Current as of January 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. | 2
57
2023 Annual Report on the San Francisco County Housing Market
Quick Facts
Pending Sales
New Listings 8,756
9,244
7,598 8,231
7,000
2019
6,209
+ 25.1%
+ 5.6%
- 11.0%
- 24.6%
2020
2021
2022
2023
Top 5 Areas: Change in New Listings from 2022 SF District 8 SF District 1 SF District 7 SF District 2 SF District 10
- 15.2% - 15.3% - 17.5% - 19.2% - 20.5%
Bottom 5 Areas: Change in New Listings from 2022 SF District 3 SF District 4 SF District 5 SF District 6 SF District 9
- 21.0% - 25.1% - 30.2% - 30.3% - 31.2%
5,470
5,535
5,463
4,120
2019
- 0.1%
+ 39.1%
- 27.2%
- 25.6%
2020
2021
2022
2023
Top 5 Areas: Change in Pending Sales from 2022 SF District 4 SF District 1 SF District 3 SF District 10 SF District 8
- 16.6% - 17.3% - 20.0% - 21.6% - 21.7%
Bottom 5 Areas: Change in Pending Sales from 2022
Sold Listings
SF District 7 SF District 2 SF District 5 SF District 9 SF District 6
- 23.3% - 25.1% - 30.3% - 30.6% - 32.0%
Active Listings
At the end of the year.
7,646 1,578 5,447
5,636
5,358
4,092
2019
- 1.6%
+ 42.7%
- 26.3%
- 27.4%
2020
2021
2022
2023
Top 5 Areas: Change in Sold Listings from 2022 SF District 4 SF District 1 SF District 3 SF District 10 SF District 2
2019
762
612
+ 105.7%
- 42.0%
- 16.7%
- 19.7%
2020
2021
2022
2023
Top 5 Areas: Change in Active Listings from 2022 - 18.2% - 21.2% - 22.3% - 23.1% - 23.3%
SF District 7 SF District 8 SF District 10 SF District 2 SF District 9
- 3.9% - 5.8% - 10.3% - 13.3% - 18.5%
Bottom 5 Areas: Change in Active Listings from 2022
Bottom 5 Areas: Change in Sold Listings from 2022 SF District 7 SF District 8 SF District 5 SF District 9 SF District 6
915
767
- 24.1% - 25.5% - 31.9% - 32.8% - 34.7%
SF District 5 SF District 6 SF District 3 SF District 1 SF District 4
- 28.4% - 32.4% - 40.0% - 42.9% - 65.6%
Current as of January 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. | 3
58
2023 Annual Report on the San Francisco County Housing Market
Quick Facts Median Sales Price $1,353,000
2019
Average Sales Price
$1,385,000
$1,438,000
$1,447,000
+ 2.4%
+ 3.8%
+ 0.6%
- 9.1%
2020
2021
2022
2023
$1,315,000
Top 5 Areas: Change in Median Sales Price from 2022 0.0% - 3.8% - 6.5% - 6.9% - 7.6%
Bottom 5 Areas: Change in Median Sales Price from 2022 SF District 10 SF District 4 SF District 5 SF District 8 SF District 2
$1,733,256
+ 1.2%
+ 7.7%
- 1.6%
- 5.8%
2020
2021
2022
2023
$1,633,563
SF District 7 SF District 1 SF District 6 SF District 10 SF District 9
+ 14.0% - 1.7% - 5.2% - 6.5% - 7.3%
Bottom 5 Areas: Change in Avg. Sales Price from 2022 - 8.0% - 9.4% - 9.9% - 10.7% - 10.7%
Days on Market Until Sale 34
2019
$1,762,189
$1,636,366
Top 5 Areas: Change in Avg. Sales Price from 2022
SF District 7 SF District 6 SF District 3 SF District 1 SF District 9
38
$1,616,204
SF District 3 SF District 5 SF District 2 SF District 4 SF District 8
- 8.7% - 10.0% - 11.8% - 12.2% - 17.6%
Percent of List Price Received 45
37
108.6%
108.2%
108.2%
36 104.1%
2019
+ 11.8%
- 2.6%
- 2.7%
+ 25.0%
2020
2021
2022
2023
+ 50.0% + 36.0% + 34.0% + 28.0% + 25.6%
Bottom 5 Areas: Change in Days on Market from 2022 SF District 9 SF District 7 SF District 2 SF District 10 SF District 3
- 4.1%
+ 3.9%
0.0%
- 4.8%
2020
2021
2022
2023
Top 5 Areas: Change in Pct. of List Price Received from 2022
Top 5 Areas: Change in Days on Market from 2022 SF District 5 SF District 1 SF District 8 SF District 4 SF District 6
2019
103.0%
SF District 8 SF District 9 SF District 7 SF District 6 SF District 10
- 2.6% - 3.3% - 3.7% - 4.0% - 4.2%
Bottom 5 Areas: Change in Pct. of List Price Received from 2022 + 25.0% + 23.7% + 22.7% + 11.4% + 7.1%
SF District 4 SF District 3 SF District 5 SF District 2 SF District 1
- 5.0% - 5.0% - 6.6% - 7.4% - 7.9%
Current as of January 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. | 4
59
2023 Annual Report on the San Francisco County Housing Market
Property Type Review
Top Areas: Condo/TIC/Coop Market Share in 2023
31
57
SF District 8
Average Days on Market Single-Family
Average Days on Market Condo/TIC/Coop
SF District 6
Days on Market Until Sale
95.6% 84.8% 76.3%
SF District 9
This chart uses a rolling 12-month average for each data point. Single-Family
Condo/TIC/Coop
70.8%
SF District 7
70
60.7%
SF District 5
60
42.3%
50
SF District 1
40
SF District 4
12.7%
SF District 3
12.5%
SF District 2
11.1%
SF District 10
10.2%
30
20
10
0 1-2019
1-2020
1-2021
1-2022
1-2023
- 12.9%
- 8.3%
107.0%
99.7%
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
Median Sales Price
Percent of List Price Received 2019
2020
2021
2022
$1800K $1780K $1551K $1608K
112.5% $1550K
$1200K $1190K $1210K $1200K
Single-Family
2019
2023
Condo/TIC/Coop
2020
2021
2022
2023
114.7% 114.4% 107.5%
107.0%
105.3%
101.2%
103.8% 103.5%
99.7%
$1100K
Single-Family
Condo/TIC/Coop
Current as of January 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. | 5
60
2023 Annual Report on the San Francisco County Housing Market
Bedroom Count Review - 33.7%
- 22.5%
Reduction in Closed Sales 2 Bedrooms or Less
Reduction in Closed Sales 4 Bedrooms or More
Closed Sales
2022
2023
Top Areas: 4 Bedrooms or More Market Share in 2023 SF District 4
40.1%
SF District 10
39.9%
SF District 1
39.6%
SF District 2
38.2%
SF District 3
38.1%
1,974 1,634 1,412
1,266
1,058
36.2%
SF District 5
31.4%
SF District 6
701
28.3%
SF District 7
- 28.5%
- 33.7% 2 Bedrooms or Less
- 22.5%
3 Bedrooms
4 Bedrooms or More
19.9%
SF District 9
15.0%
SF District 8
101.2%
97.2%
101.4%
103.0%
Percent of Original List Price Received in 2023 for All Properties
Percent of Original List Price Received in 2023 for 2 Bedrooms or Less
Percent of Original List Price Received in 2023 for 3 Bedrooms
Percent of Original List Price Received in 2023 for 4 Bedrooms or More
Percent of Original List Price Received This chart uses a rolling 12-month average for each data point.
2 Bedrooms or Less
3 Bedrooms
4 Bedrooms or More
116% 114% 112% 110% 108% 106% 104% 102% 100% 98% 96% 1-2019
1-2020
1-2021
1-2022
1-2023
Current as of January 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. | 6
61
2023 Annual Report on the San Francisco County Housing Market
Square Foot Range Review
Top Areas: 1,500 or Less Market Share in 2023
- 22.2%
- 29.2%
SF District 9
Reduction in Closed Sales 2,501 or More
Reduction in Closed Sales 1,500 or Less
SF District 8
Closed Sales
2022
2023
2,978
58.4%
SF District 10
55.4%
SF District 6
54.2% 51.1%
SF District 3
2,107
1,084 809 554 - 29.2% 1,500 or Less
- 25.4% 1,501 - 2,000
411
545
- 25.8% 2,001 - 2,500
SF District 2
40.6%
SF District 5
40.3%
SF District 4
34.6%
SF District 7
32.2%
424 - 22.2%
2,501 or More
26.0%
SF District 1
100.9%
102.7%
102.7%
98.9%
Percent of Original List Price Received in 2023 for 1,500 or Less
Percent of Original List Price Received in 2023 for 1,501 - 2,000
Percent of Original List Price Received in 2023 for 2,001 - 2,500
Percent of Original List Price Received in 2023 for 2,501 or More
Percent of Original List Price Received This chart uses a rolling 12-month average for each data point.
1,500 or Less
1,501 - 2,000
2,001 - 2,500
2,501 or More
116% 114% 112% 110% 108% 106% 104% 102% 100% 98% 96% 94% 1-2019
1-2020
1-2021
1-2022
1-2023
Current as of January 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. | 7
62
2023 Annual Report on the San Francisco County Housing Market
Price Range Review $1,000,000 to $1,749,999
$749,000 or Less
23.0%
- 17.1%
Price Range with Shortest Average Market Time
Price Range with Longest Average Market Time
of Homes for Sale at Year End Priced $749,000 or Less
One-Year Change in Homes for Sale Priced $749,000 or Less
Days on Market Until Sale by Price Range
Share of Homes for Sale $749,000 or Less 25%
76
$749,000 or Less
47
$750,000 to $999,999
15%
10%
39
$1,000,000 to $1,749,999
20%
5%
39
$1,750,000 or More
0% 1-2019
1-2020
1-2021
1-2022
1-2023
$1,000,000 to $1,749,999
- 0.5%
$749,000 or Less
- 41.0%
Price Range with the Most Closed Sales
Price Range with Strongest One-Year Change in Sales: $749,000 or Less
Price Range with the Fewest Closed Sales
Price Range with Weakest One-Year Change in Sales: $1,750,000 or More
Closed Sales by Price Range
2021
2022
2023
3,277 2,579
2,402 1,780 1,114 676
551
$749,000 or Less
548
765
1,918 1,131
633
$750,000 to $999,999
$1,000,000 to $1,749,999
$1,750,000 or More
Current as of January 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. | 8
63
2023 Annual Report on the San Francisco County Housing Market
Area Overviews Total Closed Sales
Change from 2022
Percent Single-Family
Percent Months Supply Condo/TIC/Coop of Inventory
Days on Market
Pct. of Orig. Price Received
SF District 1
298
- 21.2%
56.4%
42.3%
0.8
34
101.7%
SF District 2
398
- 23.3%
88.7%
11.1%
0.8
27
110.6%
SF District 3
160
- 22.3%
84.4%
12.5%
0.9
30
104.8%
SF District 4
314
- 18.2%
84.7%
12.7%
0.4
32
104.6%
SF District 5
618
- 31.9%
38.5%
60.7%
1.0
39
101.1%
SF District 6
264
- 34.7%
12.9%
84.8%
1.1
49
99.7%
SF District 7
318
- 24.1%
28.9%
70.8%
1.8
47
96.8%
SF District 8
412
- 25.5%
3.4%
95.6%
3.2
67
95.2%
SF District 9
861
- 32.8%
22.6%
76.3%
3.1
60
97.9%
SF District 10
449
- 23.1%
87.3%
10.2%
2.1
39
104.7%
Current as of January 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. | 9
64
2023 Annual Report on the San Francisco County Housing Market
Area Historical Median Prices 2019
2020
2021
2022
2023
Change From 2022
Change From 2019
SF District 1
$1,627,500
$1,700,000
$1,800,888
$1,750,000
$1,630,000
- 6.9%
+ 0.2%
SF District 2
$1,452,500
$1,490,000
$1,660,000
$1,655,000
$1,477,500
- 10.7%
+ 1.7%
SF District 3
$1,175,000
$1,200,000
$1,360,000
$1,300,000
$1,215,000
- 6.5%
+ 3.4%
SF District 4
$1,600,000
$1,681,224
$1,856,200
$1,800,006
$1,630,000
- 9.4%
+ 1.9%
SF District 5
$1,730,000
$1,665,000
$1,750,000
$1,750,000
$1,577,500
- 9.9%
- 8.8%
SF District 6
$1,285,000
$1,279,000
$1,315,316
$1,300,000
$1,250,000
- 3.8%
- 2.7%
SF District 7
$2,000,000
$1,920,000
$2,095,000
$2,100,000
$2,100,000
0.0%
+ 5.0%
SF District 8
$1,072,500
$1,077,500
$1,149,500
$1,100,000
$982,500
- 10.7%
- 8.4%
SF District 9
$1,250,000
$1,206,000
$1,205,000
$1,200,000
$1,109,000
- 7.6%
- 11.3%
SF District 10
$1,040,000
$1,070,000
$1,120,000
$1,140,800
$1,050,000
- 8.0%
+ 1.0%
Current as of January 11, 2024. All data from the San Francisco Association of REALTORS® MLS. Report © 2024 ShowingTime. | 10
65
1990 GREEN #601 I $ 2 , 1 2 5,0 0 0 COW H O L LOW I SO L D O CT 202 3 L I ST E D BY A P P L EGA RT H + WA R R I N
66
67
1
#
GOLDEN GATE SOTHEBY’S INTERNATIONAL REALTY LOCAL KNOWLEDGE CONNECTED AROUND THE BAY AND THE WORLD Our brokerage is the number one Sotheby’s International Affiliate in Northern California. We can help you find your buyer. We have more than 500 agents in 22 offices representing active qualified buyers and sellers throughout the San Francisco Bay Area. We service the counties of:
• Alameda • Contra Costa • Marin • Napa • San Francisco
68
• San Mateo • Santa Clara • Solano • Sonoma • Santa Cruz
Global Marketing | Worldwide Network
WORLD’S L ARGEST REFERRAL NETWORK
25,000
SALES ASS OCIATES
1,000+ OFFICES
WE CAN FIND QUALIFIED BUYERS AROUND THE GLOBE BY ACTIVATING OUR WORLDWIDE AGENT NETWORK
77 COUNTRIES
ALL WORKING FOR YOU
SOTHEBY'S INTERNATIONAL REALTY WORLDWIDE REACH The Sotheby’s International Realty brand is a collection of the finest real estate companies in the world. Today our network boasts more than 25,000 affiliated independent sales associates, located in over 1,000 offices, in 77 countries and territories worldwide, placing over 15,000 referrals every year.
69
A+W SAN FRANCISCO FEATURED PROPERTIES
SOLD COW HOLLOW Elegant Cow Hollow Home $7,810,500
SOLD NOE VALLEY Sold Over Asking $6,250,000
SOLD COW HOLLOW Iconic Cow Hollow Home $5,875,000
SOLD NOE VALLEY Represented Buyer $5,800,000
SOLD NOE VALLEY Represented Buyer $5,650,000
SOLD COLE VALLEY Represented Buyer $5,505,000
SOLD PACIFIC HEIGHTS Pinnacle of Pacific Heights $4,750,000
SOLD NOE VALLEY Represented Buyer $4,712,500
SOLD LAKE DISTRICT Represented Buyer $4,205,000
FAST FACT : The Applegarth + Warrin Team sold nearly $135 Million in 2023.
70
A+W MARIN FEATURED PROPERTIES
FOR SALE SAUSALITO Iconic Sausalito Estate $16,500,000
COMING SOON BOLINAS Iconic Waterfront Estate Price Upon Request
PENDING TIBURON Mount Tiburon Estate $6,250,000
FOR SALE SAUSALITO Stunning Renovation $5,995,000
SOLD BELVEDERE Belvedere Waterfront Estate Confidential
SOLD BELVEDERE Belvedere Sanctuary $13,495,000
SOLD BELVEDERE Belvedere Sanctuary $12,500,000
SOLD ROSS Modern Ross Masterpiece $9,750,000
SOLD KENTFIELD Represented Buyer $5,800,000
71
125 SATURN I $ 1 ,76 0,0 0 0 CO RO N A H E I G H TS I SO L D J U LY 202 3 L I ST E D BY A P P L EGA RT H + WA R R I N
72
73
BIGGEST HOME SALES IN THE U.S. 2023
27712 PACIFIC COAST HWY. Malibu, CA
$190,000,000
Listed by Westside Estate Agency
1495 NORTH OCEAN BLVD. Palm Beach, FL
Listed by Bespoke Realty
74
$170,000,000
Sold Off Market
$155,000,000
499 INDIAN FIELD ROAD Greenwich, CT
$138,830,000
Listed by Sotheby’s Int. Realty
Sold Off Market
700 MEADOW LANE Southampton, NY
589 NORTH COUNTY ROAD Palm Beach, FL
$112,500,000
26-32 WINDMILL LANE East Hampton, NY
Listed by Sotheby’s Int. Realty
$91,500,000
2023 HIG HLIG HTS
SIGNIFICANT SALES
75
76
Flinders, Australia
Vancouver, Canada
PRICE UNDISCLOSED
PRICE UNDISCLOSED
Sotheby’s International Realty
Sotheby’s International Realty
Represented by Robert Curtain, Danielle Vains
Represented by Monique Badun, Vito Longo
Stockholm, Sweden
Greenwich, CT
PRICE UNDISCLOSED
SOLD FOR $138,830,000
Sotheby’s International Realty
Sotheby’s International Realty
Represented by Christopher Steen, Anders Elbe
Represented by Leslie McElwreath & Joseph
Cape Town, South Africa
Woodside, CA
SOLD FOR €75,000,000
SOLD FOR $44,500,000
Sotheby’s International Realty
Sotheby’s International Realty
Represented by Steve Thomas, Dave Burger
Represented by Arthur Sharif
Beverly Hills, CA
Rome, Italy
SOLD FOR $52,000,000
SOLD FOR €33,000,000
Sotheby’s International Realty
Sotheby’s International Realty
Represented by Richard Klug, Beverly Hills Brokerage
Represented by Barbara Alessio
77
78
Bronte, Australia
East Hampton, New York
SOLD FOR €30,000,000
SOLD FOR $25,000,000
Sotheby’s International Realty
Sotheby’s International Realty
Represented by James Ball, Edward Quince
Represented by Beate Moore, Frank Newbold
Punta Cerralvo, Mexico
Ridgefield, CT
SOLD FOR $27,000,000
SOLD FOR $24,000,000
Sotheby’s International Realty
Sotheby’s International Realty
Represented by Nathan Visser
Represented by Krissy Blake
Malibu, CA
University Park, TX
SOLD FOR $23,600,000
SOLD FOR $17,450,000
Sotheby’s International Realty
Sotheby’s International Realty
Represented by Arielle Attanasio
Represented by Sylvia Scott
Belvedere, CA
Byron Bay, Australia
SOLD FOR $23,350,000
SOLD FOR $17,000,000
Golden Gate Sotheby’s International Realty
Sotheby’s International Realty
Represented by Stephanie Lamarre & Applegarth Warrin
Represented James McCowan and David Medina
79
Seattle, WA SOLD FOR $16,200,000
80
Anse des Cayes, St. Barthélemy SOLD FOR €13,300,000 Barthélemy
Sotheby’s International Realty
Sotheby’s International Realty
Represented by Linda Chou, Summer Carlton
Represented by Pascale Minarro, Nadine Rolland
Middletown, RI
Steamboat Springs, CO
SOLD FOR $15,000,000
SOLD FOR $12,400,000
Sotheby’s International Realty
Sotheby’s International Realty
Represented by Tina Wiley, David Greenman
Represented by Adrienne Stroock, Barb Shipley
Belle Mare, Mauritius
Kennebunkport, ME
SOLD FOR $12,300,000
SOLD FOR $9,000,000
Sotheby’s International Realty
Sotheby’s International Realty
Represented by Timo Geldenhuys
Represented by Bill Gaynor
Cooper Jack, Turks & Caicos
Omaha, New Zealand
SOLD FOR $9,168,900
SOLD FOR $8,550,000
Sotheby’s International Realty
Sotheby’s International Realty
Represented by Nina Siegenthaler
Represented by Patrick McAteer, Natalie Newton
81
APPLEGARTH + WARRIN
82
83
415.299.8999 team@applegarthwarrin.com
84
OVER
$2 BILLION
A P P L E G A R T H W A R R I N . C O M
IN
SALES