Fatemah Nikchehi - November 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.

IsaFixerUpperRightforYou?

Looking to buy a home but feeling like almost everything is out of reach? Here’s the thing. There’s still a way to become a homeowner, even when affordability seems like a huge roadblock – and it might be with a fixer upper. Let’s dive into why buying a fixer upper could be your ticket to homeownership and how you can make it work.

What Is a Fixer Upper?

A fixer upper is a home that’s in livable condition but needs some work. The amount of work varies by home – some may need cosmetic updates like wallpaper removal and new flooring, while others might require more extensive repairs like replacing a roof or updating plumbing.

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

ProjectSpotlight:

ANENBERG-ESSERT FAMILYADUIN CAMPBELL

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 1.1 months of inventory. There were 14 new listings, and 26 homes sold at a median price of $2m. The median overbid percentage was at 110 7%, with an average of 20 days on the market

There were 20 condo and townhome units for sale, providing 2.7 months of inventory. There were 15 new listings and 14 units sold at a median sale price of $1.5m. The median overbid percentage was at 103.3%, with an average of 39 days on the market.

He-Family Homes

ings

26 Sold Listings

1 of Inventory

$2M Median Sale Price

0.7% Sale vs List

20 Avg Days on Market

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

Condo & Townhomes

15

New Listings

14 Sold Listings

2.7

Months of Inventory

$1.5M

Median Sale Price

103.3%

Median Sale vs List

39 Avg Days on Market

District1Northwest

OCTOBER 2023 - OCTOBER 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 increased from $1 6m last October 2023, to $2m as of October 2024

Condos & Townhomes

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

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 23 days last October 2023, to 20 days as of October 2024

Condos & Townhomes

The average time spent on the market went down from 58 days in October 2023, to 39 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 106 9% last October 2023, to 110 7% a year later

Condos & Townhomes

The overbid percentage has decreased from 104.3% last October 2023, to 103.3% a year later.

District2West

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

What's in the District 2 - West data?

There were 27 single-family homes for sale, providing 0.8 months of inventory. There were 42 new listings, and 42 homes sold at a median price of $1.6m. The median overbid percentage was at 117.2%, with an average of 18 days on the market.

There were 11 condo and townhome units for sale, providing 3.9 months of inventory. There were 3 new listings and 5 units sold at a median sale price of $1.2m. The median overbid percentage was at 115.2%, with an average of 13 days on the market.

Single-Family Homes

42 New Listings

42 Sold Listings

0.8 Months of Inventory

$1.6M Median Sale Price

117.2%

Median Sale vs List

18 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from October 2023 to October 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

5 Sold Listings

3.9

Months of Inventory $1.2M

115.2%

Median Sale vs List

Median Sale Price

13 Avg Days on Market

OCTOBER 2023 - OCTOBER 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 increased from $1 4m last October 2023, to $1 6m as of October 2024

Condos & Townhomes

The median sale price has increased from $950k last October 2023, to $1 2m as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 27 days last October 2023, to 18 days as of October 2024

Condos & Townhomes

The average time spent on the market remained the same from 13 days in October 2023, to 13 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 107% last October 2023, to 117 2% a year later

Condos & Townhomes

The overbid percentage has increased from 106.1% last October 2023, to 115.2% a year later.

District3Southwest

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

What's in the District 3Southwest data?

There were 17 single-family homes for sale, providing 1.3 months of inventory. There were 18 new listings, and 11 homes sold at a median price of $1.3m. The median overbid percentage was at 107 1%, with an average of 22 days on the market

There were 5 condo and townhome units for sale, providing 2.5 months of inventory. There were 2 new listings and 0 units sold at a median sale price of $0. The median overbid percentage was at 0%, with an average of 0 days on the market.

Single-Family Homes

18 New Listings

11 Sold Listings

1.3 Months of Inventory

$1.3M Median Sale Price

107.1%

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 October 2023 to October 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

0 Sold Listings

2.5 Months of Inventory

$0

Median Sale Price 0%

Median Sale vs List

0 Avg Days on Market

District3Southwest

OCTOBER 2023 - OCTOBER 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 1m last October 2023, to $1 3m as of October 2024

Condos & Townhomes

The median sale price has remained the same from $0 last October 2023, to $0 as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 38 days last October 2023, to 22 days as of October 2024

Condos & Townhomes

The average time spent on the market remained the same from 0 days in October 2023, to 0 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 96% last October 2023, to 107 1% a year later

Condos & Townhomes

The overbid percentage has remained the same from 0% last October 2023, to 0% 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 39 single-family homes for sale, providing 1.6 months of inventory. There were 42 new listings, and 35 homes sold at a median price of $1.7m. The median overbid percentage was at 112%, with an average of 20 days on the market.

There were 10 condo and townhome units for sale, providing 2.5 months of inventory. There were 4 new listings and 5 units sold at a median sale price of $820k. The median overbid percentage was at 98.2%, with an average of 55 days on the market.

Single-Family Homes

42 ew Listings

35 Sold Listings

1.6 Months of Inventory

$1.7M Median Sale Price

112% Median Sale vs List

20 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from October 2023 to October 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

4

New Listings

5 Sold Listings

2.5

Months of Inventory

$820K

Median Sale Price 98.2%

Median Sale vs List

55 Avg Days on Market

District4CentralSW

OCTOBER 2023 - OCTOBER 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 8m last October 2023, to $1 7m as of October 2024

Condos & Townhomes

The median sale price has increased from $648k last October 2023, to $820k as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 25 days last October 2023, to 20 days as of October 2024

Condos & Townhomes

The average time spent on the market went up from 48 days in October 2023, to 55 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 104% last October 2023, to 112% a year later

Condos & Townhomes

The overbid percentage has decreased from 98.6% last October 2023, to 98.2% a year later.

District5Central

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

What's in the District 5 - Cen data?

There were 49 single-family homes for sale, providing 1.9 months of inventory. There wer new listings, and 42 homes sold at a median of $2.4m. The median overbid percentage wa 107.8%, with an average of 23 days on the m

There were 40 condo and townhome units fo sale, providing 1.6 months of inventory. Ther were 22 new listings and 27 units sold at a m sale price of $1.6m. The median overbid percentage was at 104.7%, with an average o days on the market.

Condo & Townhomes

22

New Listings

27 Sold Listings

1.6

Months of Inventory

$1.6M

Median Sale Price

104.7%

Median Sale vs List

35 Avg Days on Market

District5-Central

OCTOBER 2023 - OCTOBER 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 $3m last October 2023, to $2 4m as of October 2024

Condos & Townhomes

The median sale price has increased from $1 5m last October 2023, to $1 6m as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 12 days last October 2023, to 23 days as of October 2024

Condos & Townhomes

The average time spent on the market went up from 32 days in October 2023, to 35 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 107 5% last October 2023, to 107 8% a year later

Condos & Townhomes

The overbid percentage has increased from 100.8% last October 2023, to 104.7% a year later.

District Central

Hayes Valley, North of Pan Alamo Square, Western Ad Vista, Lower Pacific Heigh

What's in the Distr North data?

There were 6 single-family ho providing 2.1 months of inve new listings, and 1 home sol $3.3m. The median overbid p 111 8%, with an average of 7

There were 47 condo and tow sale, providing 3.1 months of were 14 new listings and 23 sale price of $1m. The media was at 102.3%, with an avera market.

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

Condo

& Townhomes

14

New Listings

23 Sold Listings

3.1

Months of Inventory

$1M

Median Sale Price

102.3%

Median Sale vs List

29 Avg Days on Market

istrict6-Central orth

OCTOBER 2023 - OCTOBER 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 increased from $2m last October 2023, to $3 3m as of October 2024

Condos & Townhomes

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

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 23 days last October 2023, to 7 days as of October 2024

Condos & Townhomes

The average time spent on the market went down from 46 days in October 2023, to 29 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 106 3% last October 2023, to 111 8% a year later

Condos & Townhomes

The overbid percentage has increased from 97.3% last October 2023, to 102.3% a year later.

District North

Pacific Heights, Presidio H Hollow, Marina

What's in the Distr data?

There were 35 single-family h providing 3.2 months of inve new listings, and 17 homes s of $4.7m. The median overbi 100%, with an average of 27

There were 69 condo and tow sale, providing 3.3 months of were 35 new listings and 22 sale price of $2m. The media was at 100%, with an average market.

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

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $8 7m last October 2023, to $4 7m as of October 2024

Condos & Townhomes

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

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 20 days last October 2023, to 27 days as of October 2024

Condos & Townhomes

The average time spent on the market went up from 30 days in October 2023, to 39 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 97 9% last October 2023, to 100% a year later

Condos & Townhomes

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

District8Northeast

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

What's in the District 8Northeast data?

There were 10 single-family homes for sale, providing 3.6 months of inventory. There were 5 new listings, and 0 homes sold at a median price of $0. The median overbid percentage was at 0%, with an average of 0 days on the market

There were 157 condo and townhome units for sale, providing 4.9 months of inventory. There were 46 new listings and 28 units sold at a median sale price of $1.2m. The median overbid percentage was at 98.7%, with an average of 79 days on the market.

Single-Family Homes

5 New Listings

0 Sold Listings

3.6 Months of Inventory

$0 Median Sale Price

0%

Median Sale vs List

0 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from October 2023 to October 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

46 New Listings

28 Sold Listings

4.9

Months of Inventory

$1.2M

Median Sale Price 98.7%

Median Sale vs List

79 Avg Days on Market

District8Northeast

OCTOBER 2023 - OCTOBER 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 $3 2m last October 2023, to $0 as of October 2024

Condos & Townhomes

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

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 29 days last October 2023, to 0 days as of October 2024

Condos & Townhomes

The average time spent on the market went up from 60 days in October 2023, to 79 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 107 1% last October 2023, to 0% a year later

Condos & Townhomes

The overbid percentage has increased from 97% last October 2023, to 98.7% a year later.

District9East

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

What's in the District 9 - East data?

There were 51 single-family homes for sale, providing 3 months of inventory. There were 34 new listings, and 25 homes sold at a median price of $1.8m. The median overbid percentage was at 114.3%, with an average of 24 days on the market.

There were 368 condo and townhome units for sale, providing 6.3 months of inventory. There were 115 new listings and 58 units sold at a median sale price of $1m. The median overbid percentage was at 99.2%, with an average of 50 days on the market.

Single-Family Homes

34 New Listings

25 Sold Listings

3 Months of Inventory

$1.8M

Median Sale Price

114.3%

Median Sale vs List

24 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from October 2023 to October 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.

New Listings 6.3

Months of Inventory 99.2%

Median Sale vs List

Median SalesPrice

Single-Family Homes

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

Condos & Townhomes

The median sale price has increased from $970k last October 2023, to $1m as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 19 days last October 2023, to 24 days as of October 2024

Condos & Townhomes

The average time spent on the market went down from 56 days in October 2023, to 50 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 105 8% last October 2023, to 114 3% a year later

Condos & Townhomes

The overbid percentage has increased from 99% last October 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 79 single-family homes for sale, providing 2.3 months of inventory. There were 55 new listings, and 41 homes sold at a median price of $1.1m. The median overbid percentage was at 115 7%, with an average of 24 days on the market

There were 44 condo and townhome units for sale, providing 6.4 months of inventory. There were 7 new listings and 8 units sold at a median sale price of $619k. The median overbid percentage was at 100%, with an average of 137 days on the market.

New Listings

6.4

Months of Inventory

100%

Median Sale vs List

Median SalesPrice

Single-Family Homes

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

Condos & Townhomes

The median sale price has decreased from $748k last October 2023, to $619k as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market remained the same from 24 days last October 2023, to 24 days as of October 2024

Condos & Townhomes

The average time spent on the market went up from 36 days in October 2023, to 137 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 106 7% last October 2023, to 115 7% a year later

Condos & Townhomes

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

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