The Cunningham Group - July 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.

With all the headlines circulating about home prices and mortgage rates, you may be asking yourself if it still makes sense to buy a home right now, or if it’s better to keep renting. Here’s some information that could help put your mind at ease by showing that investing in a home is still a powerful decision

According to the experts at Gallup, real estate has been crowned the top long-term investment for a whopping 12 years in a row. It has consistently beat out other investment types like gold, stocks, and bonds. Just take a look at the graph below – it speaks volumes:

UNLOCK YOUR DREAM HOME IN

A HIGH-RATE

MARKET

Rising interest rates have many homebuyers worried about affordability, forcing some to delay their dreams of homeownership.

Lower

PROTECT

WHAT YOU DON’T EXPECT

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Looking to lighten the mood in your laundry room?

EIGHTEYECATCHING

Laundry Room Colors

To Look Out For

These refreshing colors make the wash-and-dry chore a little more pleasant.

Tranquil Blue

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Sage Green

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Eight Colrs fo Laundry

White

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Yellow

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Gray

View it here

Dusty Pink

View it here

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Navy Blue Purple

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Create a tranquil laundry space with Benjamin Moore's Beach Glass Its light blue shade, coupled with a subtle gray undertone, offers a clean and versatile aesthetic that avoids any baby nursery associations.

Transform your space with earthy tones like October Mist and Gloucester Sage from Benjamin Moore. Test out the trendy sage in your laundry room for a lowcommitment update easy to change and customize, ensuring lasting satisfaction with your design choice.

Create an elegant laundry room with Chantilly Lace by Benjamin Moore The classic white choice adds sophistication, opens up the space, and simplifies stain detection.

Elevate your laundry space with the energizing touch of yellow. Behr's Roasted Corn or Upbeat bring warmth and optimism, while Pearly White offers a mellow option a yellow-based white that brings a perfect harmony of vibrancy and calmness

Gray remains a top choice for laundry room walls, providing a timeless and serene backdrop A soft gray for a whisper of sophistication, easily personalized with printed patterned tile flooring or Behr's bold 2024 Color of the Year, Cracked Pepper.

Sherwin-Williams' Rosebud for a touch of romance in laundry rooms. The dusty pink hue, paired with gold accents, adds a luxurious and warm atmosphere

Navy as the key to a striking laundry room. Beyond lighter blues, navy paired with lighter accents or white fixtures, especially Benjamin Moore's Hale Navy, creates a bold choice that makes the laundry room stand out.

Dare to take a style risk in your laundry room with a pop of color Opt for the subtle smoky lavender of Farrow & Ball's Peignoir for a neutral touch or go all-out glam with Backdrop's dark and vampy McQueen, drawing inspiration from the famous fashion designer.

Source : https://www familyhandyman com/list/laundry-room-colors/

WITH UNLOCKING YOUR PROPERTY’S POTENTIAL

Thinking about boosting your property value and adapting to changing family needs? An Accessory Dwelling Unit (ADU) might be your answer. A recent success story, from the Willow Glen neighborhood in San Jose, shows just how impactful the right ADU can be

Project Overview

In early 2021, a homeowner in Willow Glen partnered with Acton ADU to enhance their property value and create a flexible living space for their parents. Initially, the home was appraised at $1,450,000. The goal was to boost property value and meet their family’s housing needs.

Construction and Results

Construction of the 748-square-foot ADU began in August 2021 with a cost of $487,130 and was completed by December 2021. The new appraisal, by an appraiser affiliated with US Bank, revealed the property’s value had already jumped to an impressive $2,050,000.

Potential for Gains

After the project, the total investment was $1,937,130 and their property value increased by $112,870, resulting in a 5.8% ROI. This highlights the potential value an ADU can bring, while providing close, safe living space for their elderly parents.

Learn More and Connect with an Expert

Curious about how an ADU could enhance your property? Contact your real estate agent today and get expert guidance on understanding the benefits an ADU may bring to your family and property’s value

Reach out today

LEARN MORE

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.

amily Homes

13 Sold Listings

ntory

% s List

$2.2M Median Sale Price

28 Avg Days on Market

from InfoSparks, includes all single-family homes, condos and rnia Area above from June 2023 to June 2024. This may include may vary from the time the data was gathered. All data is deemed guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated.

Condo & To

New Listings

2.2 Months of Inventory $ M 100.5%

Median Sale vs List Av

Median SalesPrice

Single-Family Homes

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

Condos & Townhomes

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

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 21 days last June 2023, to 28 days as of June 2024

Condos & Townhomes

The average time spent on the market went down from 28 days in June 2023, to 26 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 103 9% last June 2023, to 100% a year later

Condos & Townhomes

The overbid percentage has increased from 100% last June 2023, to 100.5% a year later.

District2West

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

What's in the District 2 - West data?

There were 34 single-family homes for sale, providing 1 month of inventory. There were 40 new listings, and 41 homes sold at a median price of $1.56m. The median overbid percentage was at 120%, with an average of 18 days on the market.

There were 9 condo and townhome units for sale, providing 4.5 months of inventory. There were 6 new listings and 1 unit sold at a median sale price of $1m. The median overbid percentage was at 110.4%, with an average of 13 days on the market.

Single-Family Homes

40 New Listings

41 Sold Listings

1 Month of Inventory

$1.5M

Median Sale Price

120.3%

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 June 2023 to June 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.

6

New Listings

1 Sold Listing

4.5

Months of Inventory

$1M

Median Sale Price

110.4%

Median Sale vs List

13 Avg Days on Market

District2-West

JUNE 2023 - JUNE 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 52m last June 2023, to $1 56m as of June 2024

Condos & Townhomes

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

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 24 days last June 2023, to 18 days as of June 2024

Condos & Townhomes

The average time spent on the market went down from 26 days in June 2023, to 13 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 115% last June 2023, to 120% a year later

Condos & Townhomes

The overbid percentage has increased from 100% last June 2023, to 110.4% a year later.

District3Southwest

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

What's in the District 3Southwest data?

There were 18 single-family homes for sale, providing 1.4 months of inventory. There were 18 new listings, and 6 homes sold at a median price of $1m. The median overbid percentage was at 110 6%, with an average of 24 days on the market

There were 6 condo and townhome units for sale, providing 2.8 months of inventory. There were 3 new listings and 3 units sold at a median sale price of $757k. The median overbid percentage was at 101.1%, with an average of 4 days on the market.

Single-Family Homes

18 New Listings

6 Sold Listings

1.4 Months of Inventory

$1M Median Sale Price

110.6%

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 June 2023 to June 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.

strict3uthwest

JUNE 2023 - JUNE 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 decreased from $1 3m last June 2023, to $1m as of June 2024

Condos & Townhomes

The median sale price has decreased from $1 4m last June 2023, to $757k as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 18 days last June 2023, to 24 days as of June 2024

Condos & Townhomes

The average time spent on the market went down from 42 days in June 2023, to 4 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 114 5% last June 2023, to 110 6% a year later

Condos & Townhomes

The overbid percentage has decreased from 105.4% last June 2023, to 101.1% 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 27 single-family homes for sale, providing 1.1 months of inventory. There were 29 new listings, and 27 homes sold at a median price of $2m. The median overbid percentage was at 113.2%, with an average of 23 days on the market.

There were 4 condo and townhome units for sale, providing 0.9 months of inventory. There were 2 new listings and 4 units sold at a median sale price of $847k. The median overbid percentage was at 99.8%, with an average of 25 days on the market.

Single-Family Homes

29 New Listings

27 Sold Listings

1.1 Months of Inventory

$2M Median Sale Price

113.2%

Median Sale vs List

23 Avg Days on Market

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

0.9

Months of Inventory

$847K

Median Sale Price 99.8%

Median Sale vs List

25 Avg Days on Market

District4CentralSW

JUNE 2023 - JUNE 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 7m last June 2023, to $2m as of June 2024

Condos & Townhomes

The median sale price has decreased from $980k last June 2023, to $847k as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 21 days last June 2023, to 23 days as of June 2024

Condos & Townhomes

The average time spent on the market went down from 67 days in June 2023, to 25 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 106 3% last June 2023, to 113 2% a year later

Condos & Townhomes

The overbid percentage has increased from 93.3% last June 2023, to 99.8% 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 33 single-family homes for sale, providing 1.4 months of inventory. There were 18 new listings, and 32 homes sold at a median price of $2.5m. The median overbid percentage was at 105.7%, with an average of 32 days on the market.

There were 35 condo and townhome units for sale, providing 1.4 months of inventory. There were 24 new listings and 23 units sold at a median sale price of $1.30m. The median overbid percentage was at 102.1%, with an average of 32 days on the market.

Single-Family Homes

18 New Listings

32 Sold Listings

1.4 Months of Inventory

$2.5M Median Sale Price

105.7%

Median Sale vs List

32 Avg Days on Market

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

JUNE 2023 - JUNE 2024

R SALE SOLD LISTINGS

mes year-over-year.

omes year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 8m last June 2023, to $2 5m as of June 2024

Condos & Townhomes

The median sale price has increased from $1 3m last June 2023, to $1 305m as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 29 days last June 2023, to 32 days as of June 2024

Condos & Townhomes

The average time spent on the market went down from 40 days in June 2023, to 32 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 97 3% last June 2023, to 105 7% a year later

Condos & Townhomes

The overbid percentage has remained the same from 102.1% last June 2023, to 102.1% a year later.

District6CentralNorth

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

What's in the District 6 - Central North data?

There were 2 single-family homes for sale, providing 0.7 months of inventory. There was 1 new listing, and 6 homes sold at a median price of $2.1m. The median overbid percentage was at 119 5%, with an average of 39 days on the market

There were 47 condo and townhome units for sale, providing 3.1 months of inventory. There were 33 new listings and 16 units sold at a median sale price of $1.1m. The median overbid percentage was at 100%, with an average of 51 days on the market.

Single-Family Homes

1 ew Listing

6 Sold Listings

0.7 Months of Inventory

$2.1M Median Sale Price

119.5%

Median Sale vs List

39 Avg Days on Market

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

33

New Listings

16 Sold Listings

3.1

Months of Inventory

$1.1M

Median Sale Price

Median Sale vs List 51 Avg Days on Market

District6-Central North

JUNE 2023 - JUNE 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 June 2023, to $2 1m as of June 2024

Condos & Townhomes

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

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 32 days last June 2023, to 39 days as of June 2024

Condos & Townhomes

The average time spent on the market went up from 42 days in June 2023, to 51 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 118 2% last June 2023, to 119 5% a year later

Condos & Townhomes

The overbid percentage has decreased from 101.3% last June 2023, to 100% a year later.

District North

Pacific Heights, Presidio H Hollow, Marina

What's in the Distr data?

There were 24 single-family providing 2.4 months of inve new listings, and 11 homes s of $5.7M. The median overb 96%, with an average of 46 d

There were 57 condo and tow sale, providing 2.9 months o were 30 new listings and 23 sale price of $1.3m. The med percentage was at 100%, wit days on the market.

homes, condos and 2024. This may include gathered. All data is deemed Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated. 7M

Price Market

New Listings

2.9

Months of Inventory 100%

Median Sale vs List

Median SalesPrice

Single-Family Homes

The median sale price has increased from $4 7m last June 2023, to $5 7m as of June 2024

Condos & Townhomes

The median sale price has decreased from $1 6m last June 2023, to $1 3m as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 40 days last June 2023, to 46 days as of June 2024

Condos & Townhomes

The average time spent on the market went up from 27 days in June 2023, to 35 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 98 4% last June 2023, to 96% a year later

Condos & Townhomes

The overbid percentage has decreased from 101.7% last June 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 9 single-family homes for sale, providing 3.3 months of inventory. There were 2 new listings, and 3 homes sold at a median price of $1.5m. The median overbid percentage was at 100%, with an average of 56 days on the market

There were 151 condo and townhome units for sale, providing 4.7 months of inventory. There were 40 new listings and 20 units sold at a median sale price of $1.2m. The median overbid percentage was at 99%, with an average of 49 days on the market.

New Listing

4.7

Months of Inventor 99%

Median Sale vs Lis

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $3 7m last June 2023, to $1 5m as of June 2024

Condos & Townhomes

The median sale price has increased from $957k last June 2023, to $1 2m as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 35 days last June 2023, to 56 days as of June 2024

Condos & Townhomes

The average time spent on the market went up from 43 days in June 2023, to 49 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 97 7% last June 2023, to 100% a year later

Condos & Townhomes

The overbid percentage has decreased from 100% last June 2023, to 99% 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 28 single-family homes for sale, providing 1.7 months of inventory. There were 20 new listings, and 22 homes sold at a median price of $1.6m. The median overbid percentage was at 112.1%, with an average of 29 days on the market.

There were 306 condo and townhome units for sale, providing 5.5 months of inventory. There were 83 new listings and 42 units sold at a median sale price of $800k. The median overbid percentage was at 98.9%, with an average of 61 days on the market.

Single-Family Homes

20 New Listings

22 Sold Listings

1.7 Months of Inventory

$1.6M Median Sale Price

112.1%

Median Sale vs List

29 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from June 2023 to June 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 5.5

Months of Inventory 98.9%

Median Sale vs List

Median SalesPrice

Single-Family Homes

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

Condos & Townhomes

The median sale price has decreased from $1 1m last June 2023, to $800k as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 30 days last June 2023, to 29 days as of June 2024

Condos & Townhomes

The average time spent on the market went up from 60 days in June 2023, to 61 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 103 5% last June 2023, to 112 1% a year later

Condos & Townhomes

The overbid percentage has increased from 98.3% last June 2023, to 98.9% a year later.

District Southe

Bayview, Bayview Heights

Portola, Visitacion Valley,

Mission Terrace, Crocker

Mission

What's in the Distr Southeast data?

There were 293 single-family providing 2.4 months of inve new listings, and 176 homes price of $1.7m. The median o was at 100%, with an average market.

There were 106 condo and to sale, providing 6.8 months of were 9 new listings and 55 u sale price of $745k. The med percentage was at 100%, wit days on the market

homes, condos and 2024. This may include gathered. All data is deemed Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated. 7M

Price Market

New Listings 6.8

Months of Inventory 100%

Median Sale vs List

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 72m last June 2023, to $1 79m as of June 2024

Condos & Townhomes

The median sale price has decreased from $770k last June 2023, to $745k as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 31 days last June 2023, to 32 days as of June 2024

Condos & Townhomes

The average time spent on the market went up from 30 days in June 2023, to 35 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 100 4% last June 2023, to 100% a year later

Condos & Townhomes

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

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