Fatemah Nikchehi - December 2024 Market Report San Francisco Bay Area - 10 Districts Data

Page 1


San Francisco Bay Area

10DistrictsData

District 1 - Northwest

Sea Cliff, Lake Street, Richmond (Inner, Central, Outer), Jordan Park/Laurel Heights, Lone Mountain

Jump to District 1 - Northwest

District 2 - West

Sunset & Parkside (Inner, Central, Outer), Golden Gate Heights

Jump to District 2 - West

District 3 - Southwest

Lake Shore, Lakeside, Merced Manor, Merced Heights, Ingleside, Ingleside Heights, Oceanview

Jump to District 3 - Southwest

District 4 - Central SW

St. Francis Wood, Forest Hill, West Portal, Forest Knolls, Diamond Heights, Midtown Terrace, Miraloma Park, Sunnyside, Balboa Terrace, Ingleside Terrace, Mt Davidson Manor, Sherwood Forest, Monterey Heights, Westwood Highlands

Jump to District 4 - Central SW

District 5 - Central

Noe Valley, Eureka Valley/Dolores Heights (Castro, Liberty Hill), Cole Valley, Glen Park, Corona Heights, Clarendon Heights, Ashbury Heights, Buena Vista Park, Haight Ashbury, Duboce Triangle, Twin Peaks, Mission Dolores, Parnassus Heights

Jump to District 5 - Central

District 6 - Central North

Hayes Valley, North of Panhandle (NOPA), Alamo Square, Western Addition, Anza Vista, Lower Pacific Heights

Jump to District 6 - Central North

District 7 - North

Pacific Heights, Presidio Heights, Cow Hollow, Marina

Jump to District 7 - North

District 8 - Northeast

Russian Hill, Nob Hill, Telegraph Hill, North Beach, Financial District, North Waterfront, Downtown, Van Ness/Civic Center, Tenderloin

Jump to District 8 - Northeast

District 9 - East

SoMa, South Beach, Mission Bay, Potrero Hill, Dogpatch, Bernal Heights, Inner Mission, Yerba Buena

Jump to District 9 - East

District 10 - Southeast

Bayview, Bayview Heights, Excelsior, Portola, Visitacion Valley, Silver Terrace, Mission Terrace, Crocker Amazon, Outer Mission

Jump to District 10 - Southeast

What’syourhome reallyworthin today’smarket?

That's the question you should be asking yourself.

Our market is incredibly diverse and rapidly changing. Values vary not just by neighborhood but by street. Your home isn't necessarily worth what your neighbors' home is. It's the current market that sets the value of your home.

So, do you know what your home is worth in today's market?

Icanhelp...

Contact me for a confidential, no obligation assessment of your home's value.

A recent study from the National Association of Realtors (NAR) shows most sellers (61%) completed at least minor repairs when selling their house. But sometimes life gets in the way and that’s just not possible. Maybe that’s why, 39% of sellers chose to sell asis instead

Smart Strategies for a Mortgage Application

Avoid paying off debts or collections without professional advice.

Don't have your credit report pulled too many times - this can hurt your credit score. 3 4 5 6 1 2

Always consult your mortgage professional before making large financial moves. Use verified funds for deposits to prevent closing delays.

HomeRenovationsThatCanMakea BIG IMPACT AccordingtoExperts

In2024,thehomebuyingmarketfacessignificantchallenges highprices, steepinterestrates,andlimitedhousinginventory.Formany,renovatingtheir currenthomeisamoreattractiveoptionthanpurchasinganewone.Whilethe LIRAreportpredictsadeclineinrenovationspending,expertsemphasizethat small-scaleupdatesortargetedlargerprojectscanstilldelivermajorbenefits.

Beforedivingintoarenovation,it’sessentialtoplan carefullyandbudgetwisely.Workingwithreputable professionalsiskey,especiallythoseoffering financingoptionsandtransferablewarranties.Sharing yourbudgetwithcontractorsupfrontandinvolving designersearlyensuresthatyourrenovationruns smoothlyandachievesbothfinancialandfunctional success Adetailedplanwillkeeptheprojectontrack andhelpavoidcostlysurprises

ANENBERG-ESSERT FAMILYADUIN CAMPBELL ProjectSpotlight:

Enhancing Property Value and Family Living Space with an Acton ADU

The Anenberg-Essert family in Campbell collaborated with Acton ADU to create a versatile, comfortable, and valuable addition to their property. This ADU project is a shining example of how a well-designed accessory dwelling unit can increase property value and serve a family’s unique needs.

GoalsandVision

The family envisioned an ADU that would function as an independent living space for family members, enhance their property’s worth, and provide seamless integration with the main home They wanted a space that balanced privacy with connectivity, feeling like a natural extension of their residence

Design and Construction Details

Constructed at 747 square feet, this ADU was designed with modern, high-quality finishes to serve both aesthetic and practical needs. Key features include:

Vaulted Ceilings

Creates a spacious, open atmosphere

Senior-Friendly Living

Safe, independent space for elderly family members

Fully Equipped Kitchen

Modern amenities for everyday convenience

Open Living Area

Multipurpose area for relaxation and entertainment

Results and Impact

The completion of the Anenberg-Essert ADU led to several valuable outcomes:

Increased Property Value

The ADU addition significantly boosted property value

Flexible Living Space

A versatile space for family, guests, or as a rental

Modern Comforts

High-end finishes and amenities enhance both function and style.

Enhanced Family Living

The ADU enriches the AnenbergEssert family’s home with both privacy and connection

VENDOR DIRECTORY

When it comes to home ownership, knowing who you can trust is crucial. That's why we've curated a select list of trusted vendors who are ready to help with your home goals.

District1Northwest

Sea Cliff, Lake Street, Richmond (Inner, Central, Outer), Jordan Park/Laurel Heights, Lone Mountain

What's in the District 1Northwest data?

There were 20 single-family homes for sale, providing 1.2 months of inventory. There were 10 new listings, and 14 homes sold at a median price of $2.4m. The median overbid percentage was at 105 6%, with an average of 41 days on the market

There were 9 condo and townhome units for sale, providing 1.1 months of inventory. There was 1 new listing and 9 units sold at a median sale price of $1.1m. The median overbid percentage was at 100%, with an average of 55 days on the market.

SFH

Single-Family Homes

10 New Listings

14 Sold Listings

1.2 Months of Inventory

$2.4M Median Sale Price

105.6%

Median Sale vs List

41 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from November 2023 to November 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

District1Northwest

NOVEMBER 2023 - NOVEMBER 2024

ISTINGS FOR SALE SOLD LISTINGS

le-Family Homes 12 months, year-over-year.

dos & Townhomes 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 9m last November 2023, to $2 4m as of November 2024

Condos & Townhomes

The median sale price has decreased from $1 5m last November 2023, to $1 1m as of November 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 34 days last November 2023, to 41 days as of November 2024

Condos & Townhomes

The average time spent on the market went up from 32 days in November 2023, to 55 days as of November 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 98 9% last November 2023, to 105 6% a year later

Condos & Townhomes

The overbid percentage has decreased from 102.2% last November 2023, to 100% a year later.

District2West

Sunset & Parkside (Inner, Central, Outer), Golden Gate Heights

What's in the District 2 - West data?

There were 16 single-family homes for sale, providing 0.5 months of inventory. There were 22 new listings, and 43 homes sold at a median price of $1.4m. The median overbid percentage was at 117.1%, with an average of 22 days on the market.

There were 6 condo and townhome units for sale, providing 2.1 months of inventory. There was 1 new listing and 2 units sold at a median sale price of $1.1m. The median overbid percentage was at 103.7%, with an average of 29 days on the market.

Single-Family Homes

22 New Listings

43 Sold Listings

0.5 Months of Inventory

$1.4M Median Sale Price

117.1%

Median Sale vs List

22 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from November 2023 to November 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

NOVEMBER 2023 - NOVEMBER 2024

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $1 5m last November 2023, to $1 4m as of November 2024

Condos & Townhomes

The median sale price has increased from $1m last November 2023, to $1 1m as of November 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 21 days last November 2023, to 22 days as of November 2024

Condos & Townhomes

The average time spent on the market went up from 26 days in November 2023, to 29 days as of November 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 111% last November 2023, to 117 1% a year later

Condos & Townhomes

The overbid percentage has increased from 102.4% last November 2023, to 103.7% a year later.

District Southw

Lake Shore, Lakeside, Mer Merced Heights, Ingleside Heights, Oceanview

What's in the Distr Southwest data?

There were 18 single-family h providing 1.4 months of inve new listings, and 13 homes s of $1.3m. The median overbi 115 4%, with an average of 1

There were 2 condo and tow providing 0.9 months of inve new listing and 1 unit sold at of $700k. The median overbi 98.7%, with an average of 11

homes, condos and November 2024. This data was gathered. All Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

Condo & Townhomes

1 New Listing

1 Sold Listing

0.9

Months of Inventory

$700K

Median Sale Price 98.7%

Median Sale vs List 11 Avg Days on Market

istrict3outhwest

NOVEMBER 2023 - NOVEMBER 2024

TINGS FOR SALE SOLD LISTINGS

Family Homes months, year-over-year.

& Townhomes months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 2m last November 2023, to $1 3m as of November 2024

Condos & Townhomes

The median sale price has increased from $575k last November 2023, to $700k as of November 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 33 days last November 2023, to 16 days as of November 2024

Condos & Townhomes

The average time spent on the market went up from 6 days in November 2023, to 11 days as of November 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 104 1% last November 2023, to 115 4% a year later

Condos & Townhomes

The overbid percentage has decreased from 148.2% last November 2023, to 98.7% a year later.

District4CentralSW

St. Francis Wood, Forest Hill, West Portal, Forest Knolls, Diamond Heights, Midtown Terrace, Miraloma Park, Sunnyside, Balboa Terrace, Ingleside Terrace, Mt Davidson Manor, Sherwood Forest, Monterey Heights, Westwood Highlands

What's in the District 4 - Central SW data?

There were 23 single-family homes for sale, providing 0.9 months of inventory. There were 12 new listings, and 33 homes sold at a median price of $2m. The median overbid percentage was at 104.1%, with an average of 27 days on the market.

There were 9 condo and townhome units for sale, providing 2.5 months of inventory. There were 2 new listings and 4 units sold at a median sale price of $575k. The median overbid percentage was at 100%, with an average of 90 days on the market.

Single-Family Homes

12 New Listings

33 Sold Listings

0.9 Months of Inventory

$2M Median Sale Price

104.1%

Median Sale vs List

27 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from November 2023 to November 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

Condo & Townhomes

2

New Listings

4 Sold Listings

2.5

Months of Inventory

$575K

Median Sale Price

100%

Median Sale vs List

90 Avg Days on Market

District4CentralSW

NOVEMBER 2023 - NOVEMBER 2024

LISTINGS FOR SALE SOLD LISTINGS

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 5m last November 2023, to $2m as of November 2024

Condos & Townhomes

The median sale price has decreased from $625k last November 2023, to $575k as of November 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 22 days last November 2023, to 27 days as of November 2024

Condos & Townhomes

The average time spent on the market went up from 40 days in November 2023, to 90 days as of November 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 101 5% last November 2023, to 104 1% a year later

Condos & Townhomes

The overbid percentage has remained the same from 100% last November 2023, to 100% a year later.

District5Central

Noe Valley, Eureka Valley/Dolores Heights (Castro, Liberty Hill), Cole Valley, Glen Park, Corona Heights, Clarendon Heights, Ashbury Heights, Buena Vista Park, Haight Ashbury, Duboce Triangle, Twin Peaks, Mission Dolores, Parnassus Heights

What's in the District 5 - Central data?

There were 36 single-family homes for sale, providing 1.4 months of inventory. There were 18 new listings, and 22 homes sold at a median price of $2.6m. The median overbid percentage was at 100.3%, with an average of 30 days on the market.

There were 28 condo and townhome units for sale, providing 1.1 months of inventory. There were 9 new listings and 25 units sold at a median sale price of $1.4m. The median overbid percentage was at 98.1%, with an average of 31 days on the market.

Single-Family Homes

18 New Listings

22 Sold Listings

1.4 Months of Inventory

$2.6M Median Sale Price

100.3%

Median Sale vs List

30 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from November 2023 to November 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

Condo & Townhomes

9

New Listings

25 Sold Listings

1.1

Months of Inventory

$1.4M

Median Sale Price 98.1%

Median Sale vs List

31 Avg Days on Market

District5-Central

NOVEMBER 2023 - NOVEMBER 2024

LISTINGS FOR SALE SOLD LISTINGS

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 8m last November 2023, to $2 6m as of November 2024

Condos & Townhomes

The median sale price has increased from $1 2m last November 2023, to $1 4m as of November 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market remained the same from 30 days last November 2023, to 30 days as of November 2024

Condos & Townhomes

The average time spent on the market went down from 43 days in November 2023, to 31 days as of November 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 100% last November 2023, to 100 3% a year later

Condos & Townhomes

The overbid percentage has decreased from 99.4% last November 2023, to 98.1% a year later.

Distri Centr

Hayes Valley, North Alamo Square, Wes Vista, Lower Pacific

What's in the North data?

There were 4 single-fa providing 1.4 months new listings, and 5 ho of $2.3m. The median 115 5%, with an avera

There were 28 condo sale, providing 1.8 mo were 8 new listings an sale price of $1.1m. T percentage was at 98 days on the market.

2.3M an Sale Price Listings

s single-family homes, condos and November 2023 to November 2024. This time the data was gathered. All 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

8 Days on Market

Condo

& Townhomes

8

New Listings

20 Sold Listings

1.8

Months of Inventory

$1.1M

Median Sale Price 98.9%

Median Sale vs List

60 Avg Days on Market

istrict6-Central orth

NOVEMBER 2023 - NOVEMBER 2024

TINGS FOR SALE SOLD LISTINGS

Family Homes

2 months, year-over-year.

s & Townhomes

2 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $3 9m last November 2023, to $2 3m as of November 2024

Condos & Townhomes

The median sale price has increased from $1m last November 2023, to $1 1m as of November 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 80 days last November 2023, to 18 days as of November 2024

Condos & Townhomes

The average time spent on the market went down from 66 days in November 2023, to 60 days as of November 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 99 7% last November 2023, to 115 5% a year later

Condos & Townhomes

The overbid percentage has increased from 97.1% last November 2023, to 98.9% a year later.

District7North

Pacific Heights, Presidio Heights, Cow Hollow, Marina

What's in the District 7 - Nor data?

There were 29 single-family homes for sale, providing 2.8 months of inventory. There we new listings, and 8 homes sold at a median p of $5.2m. The median overbid percentage w 96.6%, with an average of 52 days on the ma

There were 51 condo and townhome units fo sale, providing 2.3 months of inventory. Ther were 12 new listings and 23 units sold at a m sale price of $1.3m. The median overbid percentage was at 96.5%, with an average of days on the market.

He-Family Homes

8 Sold Listings

sourced from InfoSparks, includes all single-family homes, condos and the California Area above from November 2023 to November 2024. This preliminary data, and may vary from the time the data was gathered. All deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated. ngs

8 f Inventory

$5.2M Median Sale Price

.6% ale vs List

52 Avg Days on Market

Condo & Town

Listings

Median Sale vs List Avg Days So

2.3 Months of Inventory $1. Median 96.5%

strict7-North

NOVEMBER 2023 - NOVEMBER 2024

NGS FOR SALE SOLD LISTINGS

amily Homes months, year-over-year. & Townhomes months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $5 25m last November 2023, to $5 26m as of November 2024

Condos & Townhomes

The median sale price has decreased from $2m last November 2023, to $1 3m as of November 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 49 days last November 2023, to 52 days as of November 2024

Condos & Townhomes

The average time spent on the market went up from 40 days in November 2023, to 59 days as of November 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 95% last November 2023, to 96 6% a year later

Condos & Townhomes

The overbid percentage has decreased from 100% last November 2023, to 96.5% a year later.

Dist Nor

Russian Hill, Beach, Finan

Downtown, V Tenderloin

What's in Northeas

There were 6 s providing 2.3 m new listings, a of $3.3m. The 110 2%, with a

There were 13 sale, providing were 28 new li sale price of $ percentage wa days on the m

Condo & Town

strict8ortheast

NOVEMBER 2023 - NOVEMBER 2024

INGS FOR SALE SOLD LISTINGS

amily Homes months, year-over-year. & Townhomes months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $3 9m last November 2023, to $3 3m as of November 2024

Condos & Townhomes

The median sale price has increased from $822k last November 2023, to $836k as of November 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 120 days last November 2023, to 12 days as of November 2024

Condos & Townhomes

The average time spent on the market went up from 57 days in November 2023, to 85 days as of November 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 94% last November 2023, to 110 2% a year later

Condos & Townhomes

The overbid percentage has remained the same from 98.9% last November 2023, to 98.9% a year later.

HFamily Homes

19 Sold Listings

from InfoSparks, includes all single-family homes, condos and California Area above from November 2023 to November 2024. This preliminary data, and may vary from the time the data was gathered. All reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated. s ventory

$1.5M Median Sale Price

.8% vs List

50 Avg Days on Market

Condo & Townhomes

53 New Listings 5.5

61 Sold Listings

Months of Inventory $1M Median Sale Price 99.2%

Median Sale vs List 79 Avg Days on Market

NOVEMBER 2023 - NOVEMBER 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $2m last November 2023, to $1 5m as of November 2024

Condos & Townhomes

The median sale price has decreased from $1 1m last November 2023, to $1m as of November 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 23 days last November 2023, to 50 days as of November 2024

Condos & Townhomes

The average time spent on the market went up from 73 days in November 2023, to 79 days as of November 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 104 2% last November 2023, to 100 8% a year later

Condos & Townhomes

The overbid percentage has increased from 98% last November 2023, to 99.2% a year later.

District10Southeast

Bayview, Bayview Heights, Excelsior, Portola, Visitacion Valley, Silver Terrace, Mission Terrace, Crocker Amazon, Outer Mission

What's in the District 10Southeast data?

There were 64 single-family homes for sale, providing 1.8 months of inventory. There were 38 new listings, and 42 homes sold at a median price of $985k. The median overbid percentage was at 105 8%, with an average of 31 days on the market

There were 32 condo and townhome units for sale, providing 4.4 months of inventory. There were 3 new listings and 12 units sold at a median sale price of $628k. The median overbid percentage was at 97.8%, with an average of 70 days on the market.

Single-Family Homes

38 New Listings

42 Sold Listings

1.8 Months of Inventory

$985K Median Sale Price

105.8%

Median Sale vs List

31 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from November 2023 to November 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

Condo & Townhomes

3

New Listings

12 Sold Listings

4.4

Months of Inventory

$628K

Median Sale Price 97.8%

Median Sale vs List 70 Avg Days on Market

District10Southeast

NOVEMBER 2023 - NOVEMBER 2024

LISTINGS FOR SALE SOLD LISTINGS

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $1 1m last November 2023, to $985k as of November 2024

Condos & Townhomes

The median sale price has decreased from $792k last November 2023, to $628k as of November 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 38 days last November 2023, to 31 days as of November 2024

Condos & Townhomes

The average time spent on the market went up from 66 days in November 2023, to 70 days as of November 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 105 5% last November 2023, to 105 8% a year later

Condos & Townhomes

The overbid percentage has decreased from 100% last November 2023, to 97.8% a year later.

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