ALAMO SQUARE
Offered at $6,300,000 701Scott.com
2018 Year in Review
San Francisco
Market Update
a message from
Jeffrey Gibson
San Francisco Brokerage Manager As we look back at sales data from San Francisco for the complete calendar year, we see that median sale price rose steadily compared to past years, reaching $1.6M for single-family homes, according to the San Francisco Association of Realtors (SFAR).* In contrast to several other regions across the United States, San Francisco demonstrated not only consistently increasing prices but also a decline in average days on market (DOM), dropping to just 28 days for single-family homes and condominiums across the city, compared to 33 days in 2017. Many districts and subdistricts participated in this trend, including District 7, with single-family home DOM down 28%, and Districts 1, 5 and 9, where DOM was down 15-16%. Cow Hollow had the lowest days on market for condos of our featured neighborhoods, at 21 days. In contrast, condos in the Financial District stayed on the market much longer, approximatively 76 days on average.
If you are looking to buy or sell real estate anywhere from Alamo Square to Woodside or beyond, the agents affiliated with our San Francisco brokerage can point you in the right direction. We firmly believe that they represent not just the best agents in the Bay Area, but the best agents in the entire United States. Our globally recognized brand keeps them in constant contact with elite clients around the world. They also enjoy the support of a tight-knit community of top performing agents in our San Francisco office, as well as our extended network of 970 offices in 72 countries and territories. Sotheby’s International Realty remains the widely recognized luxury leader in Northern California and around the world, a position we’ve reached by providing the highest levels of professional guidance to our clients. We look forward to being of service to you.
SAN FRANCISCO BROKERAGE
Jeffrey Gibson Senior Vice President & Brokerage Manager 117 Greenwich Street | San Francisco, CA 94111
sothebyshomes.com/sanfrancisco Source: San Francisco Multiple Listing Service (SFMLS)/InfoSparks; 2018 data refer to sales for the year(s) specified. Data within this document are drawn from the SFAR MLS, BAREIS, and/or MLS Listings. *Web data 1/1-12/31/17. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc. SIR DRE: 899496. Jeffrey Gibson DRE: 01407690. Photo credit: Rich Hay
cover: commanding st. regis residence | last asking $10,900,000
Though sales volume remained relatively flat across most districts compared to 2017, a few areas saw more growth in 2018, including condominium unit sales in District 1 which rose a robust 43%, and District 4 where they grew 23%. Though District 2 continued to have the highest ratio of median sale price to median asking price at 20%, relatively high-priced listings in Cow Hollow and Pacific Heights also outperformed their asking prices, selling for 10% and 9% respectively over list on average.
BAY AREA
Featured Properties We invite you to explore our exclusive offerings at S OT HEBYSHO M ES.C O M / SA NF RA NC I S C O
CASTRO
Offered at $9,400,000 3847-18th.com BLACKHAWK
Offered at $8,450,000 3114blackhawkmeadowlane.com PACIFIC HEIGHTS
Offered at $7,400,000 2500steiner3.com PACIFIC HEIGHTS
Offered at $2,099,000 2200sacramento1305.com NOE VALLEY
State-of-the-Art Residence Offered at $4,695,000 525-28th.com
*in order from left to right, top to bottom
sothebyshomes.com/sanfrancisco
the clay jones penthouse | ClayJonesPenthouse.com
San Francisco featured neighborhoods
district 1
jordan park, lake, laurel heights, richmond, sea cliff
district 4
balboa terrace, diamond heights, west portal
district 5
clarendon heights, dolores heights, noe valley
district 6
alamo square, hayes valley, lower pac hgts, nopa
district 7
marina, cow hollow, pacific heights, presidio heights
district 8
financial dist, russian hill, nob hill, telegraph hill
district 9
bernal heights, south beach, soma, yerba buena
San Francisco
2018 Year in Review Highlights
Market Snapshot | by District
San Francisco
San Francisco Median Sale Prices
Price Ratio by District
{Single Family Homes vs. Condos}
Highlight Median: SFH vs Condos San Fran
{Median Final Sale vs. Original List} $1,800,000 $1,600,000 $1,400,000 $1,200,000
1
8
$800,000 $600,000 $400,000
6
$200,000 $0
9
5
2
Districts
Median Sale Prices
4
-15%
2015
2016
2017
Condo Median Sales Price
-5%
0%
+5%
+10%
Highlight HighlightMedian Medianbybydistrict districtSFH SFH {Districts vs. San Francisco Overall}
District 1 District 4 District 5
$4,000,000 4,000,000
District 6 District 7
$3,000,000 3,000,000
+15%
+20%
+25%
2018
Condos
$5,000,000 5,000,000
10 -10%
2014
SFH Median Sales Price
Single Family Homes
District 8
$2,000,000 2,000,000
District 9
$1,000,000 1,000,000
San Francisco
$0 -20%
2013
$6,000,000 6,000,000
3 -25%
$1.570,000 $1,600,000 $1.196,500 $1,200,000
7
$1,000,000
2014
2014 2014
District11 District District66 District
2015
2015 2015
2016
2016 2016
District District 4 4 District District 7 7
2018
2017
20172017
2018 2018
5 DistrictDistrict 5 8 DistrictDistrict 8
2018 Highlights
/ San Francisco 2018 Market Update
District Median Sale Price
Total Units Sold
Average Price Per Sq. Ft.
Median Sale vs. Average Days Original List on Market
5%
15%
7%
-
-16%
2018
$2,000,000
189
$994
11%
23
2017
$1,900,625
164
$928
12%
27
2016
$1,820,000
181
$862
8%
31
2015
$1,650,600
193
$875
16%
23
2014
$1,468,500
214
$755
13%
27
single family homes
1
{ 2018 vs. 2017 }
Change
at a glance {2018}
DISTRICT 1
Jordan Park Lake Laurel Heights Lone Mountain Outer Richmond Central Richmond Inner Richmond Sea Cliff
9
%
Median Sale Price | Single Family Homes vs. Condos Median Sales Price: SFH vs. Condos
Change in Median Sale Price { 2018 vs. 2017, Condominiums }
43
%
$2,000,000 $1,500,000 $1,000,000 $500,000
Change in Units Sold
$0
{ 2018 vs. 2017, Condominiums }
353
2014
2015
SFH Median Sales Price
2016
2017
2018
Condo Median Sales Price
Single Family Homes
Condos
Total Units Sold
2
$ m Median Sale Price { Single Family Homes }
Median Sale Price
Total Units Sold
Average Price Per Sq. Ft.
Median Sale vs. Average Days Original List on Market
9%
43%
8%
-
-12%
2018
$1,275,000
164
$974
11%
25
2017
$1,175,000
115
$901
12%
28
2016
$1,085,000
145
$852
9%
34
2015
$1,050,000
153
$820
13%
32
2014
$999,000
163
$743
12%
37
condominiums { 2018 vs. 2017 }
Change
District 1
/ San Francisco 2018 Market Update
District Median Sale Price
Total Units Sold
Average Price Per Sq. Ft.
Median Sale vs. Average Days Original List on Market
10%
7%
3%
-
8%
2018
$1,735,000
324
$974
16%
22
2017
$1,575,000
302
$944
21%
20
2016
$1,437,400
316
$834
11%
29
2015
$1,422,500
336
$809
14%
25
2014
$1,222,500
308
$730
17%
26
single family homes
4
{ 2018 vs. 2017 }
Change
at a glance {2018}
DISTRICT 4
Median Sales Price: SFH vs. Condos Median Sale Price | Single Family Homes vs. Condos
Balboa Terrace Diamond Heights Forest Hill
$1,600,000
Forest Hill Extension
$1,400,000
Forest Knolls
$1,200,000
Ingleside Terrace
$1,000,000
Midtown Terrace
$800,000
Miraloma Park
$600,000
Monterey Heights
$400,000
Mt Davidson Manor
$200,000
Sherwood Forest
$0
2014
2015
2016
SFH Median Sales Price
2017
2018
Condo Median Sales Price
St. Francis Wood Sunnyside West Portal Westwood Highlands Westwood Park
21
%
Change in Median Sale Price { 2018 vs. 2017, Condominiums }
23
%
Change in Units Sold { 2018 vs. 2017, Condominiums }
377 Total Units Sold
1.7m
Median Sale Price
Total Units Sold
Average Price Per Sq. Ft.
Median Sale vs. Average Days Original List on Market
21%
23%
0%
-
-2%
$
2018
$879,000
53
$790
7%
35
Median Sale Price
2017
$725,000
43
$794
12%
35
2016
$660,000
25
$798
6%
49
2015
$685,000
51
$713
9%
32
2014
$587,000
60
$624
7%
31
condominiums { 2018 vs. 2017 }
Change
San Francisco 2018 Market Update / District 4
{ Single Family Homes }
District Median Sale Price
Total Units Sold
Average Price Per Sq. Ft.
Median Sale vs. Average Days Original List on Market
0%
2%
6%
-
-16%
2018
$2,302,500
320
$1,237
15%
23
2017
$2,305,500
314
$1,167
16%
27
2016
$2,063,750
316
$1,081
9%
31
2015
$2,100,000
300
$1,122
17%
21
2014
$1,880,000
325
$980
11%
25
single family homes
5
{ 2018 vs. 2017 }
Change
at a glance {2018}
DISTRICT 5
Ashbury Heights Buena Vista Clarendon Heights Corona Heights Cole Valley Castro Dolores Heights Duboce Triangle Eureka Valley Glen Park Haight Ashbury Noe Valley Twin Peaks Mission Dolores
5
Median Sales Price: SFH vs. Condos Median Sale Price | Single Family Homes vs. Condos
% $2,500,000
Change in Median Sale Price { 2018 vs. 2017, Condominiums }
4
%
Change in Units Sold { 2018 vs. 2017, Condominiums }
764
$2,000,000 $1,500,000 $1,000,000 $500,000 $0
2014
2015
2016
SFH Median Sales Price
Single Family Homes
2017
2018
Condo Median Sales Price
Condos
Total Units Sold
2.3m
$
Median Sale Price { Single Family Homes }
Median Sale Price
Total Units Sold
Average Price Per Sq. Ft.
Median Sale vs. Average Days Original List on Market
5%
4%
7%
-
-15%
2018
$1,404,000
444
$1,146
15%
22
2017
$1,331,250
428
$1,069
11%
26
2016
$1,253,500
394
$1,012
9%
33
2015
$1,225,000
474
$1,025
23%
26
2014
$1,107,875
458
$899
14%
29
condominiums { 2018 vs. 2017 }
Change
District 5
/ San Francisco 2018 Market Update
District Median Sale Price
Total Units Sold
Average Price Per Sq. Ft.
Median Sale vs. Average Days Original List on Market
9%
14%
-1%
-
-4%
2018
$2,755,000
40
$1,084
1%
31
2017
$2,535,000
35
$1,096
13%
32
2016
$2,277,500
36
$1,060
11%
42
2015
$2,250,000
37
$916
13%
25
2014
$2,250,000
45
$921
5%
30
single family homes
6
{ 2018 vs. 2017 }
Change
at a glance {2018}
DISTRICT 6
Median Sales Price: SFH vs. Condos
Alamo Square
Median Sale Price | Single Family Homes vs. Condos
Hayes Valley Western Addition
$3,000,000
Lower Pacific Heights
$2,500,000
Anza Vista
$2,000,000
North Panhandle (NoPa)
9
%
Change in Median Sale Price { 2018 vs. 2017, Single Family Homes }
14
%
$1,500,000 $1,000,000 $500,000
Change in Units Sold
$0
{ 2018 vs. 2017, Single Family Homes }
2014
2015
2016
SFH Median Sales Price
2017
2018
Condo Median Sales Price
Single Family Homes
Condos
321 Total Units Sold
2.8m
Median Sale Price
Total Units Sold
Average Price Per Sq. Ft.
Median Sale vs. Average Days Original List on Market
4%
-7%
6%
-
4%
$
2018
$1,245,000
281
$1,074
14%
34
Median Sale Price
2017
$1,200,000
303
$1,012
10%
33
2016
$1,067,500
321
$1,008
8%
36
2015
$1,100,000
284
$943
13%
30
2014
$900,000
314
$825
11%
40
condominiums { 2018 vs. 2017 }
Change
San Francisco 2018 Market Update / District 6
{ Single Family Homes }
District Median Sale Price
Total Units Sold
Average Price Per Sq. Ft.
Median Sale vs. Average Days Original List on Market
-1%
2%
5%
-
-28%
2018
$4,730,000
99
$1,499
-3%
28
2017
$4,800,000
97
$1,427
-2%
40
2016
$4,700,000
102
$1,465
-2%
46
2015
$4,975,000
87
$1,493
8%
28
2014
$3,905,000
117
$1,211
3%
37
single family homes { 2018 vs. 2017 }
Change
at a glance {2018}
DISTRICT 7
The Marina Cow Hollow Pacific Heights Presidio Heights
-1
Median Sales Price: SFH vs. Condos Median Sale Price | Single Family Homes vs. Condos
%
Change in Median Sale Price { 2018 vs. 2017, Single Family Homes }
2
%
Change in Units Sold { 2018 vs. 2017, Single Family Homes}
389
7
$6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0
2014
2015
2016
SFH Median Sales Price
Single Family Homes
2017
2018
Condo Median Sales Price
Condos
Total Units Sold
4.7m
$
Median Sale Price { Single Family Homes }
Median Sale Price
Total Units Sold
Average Price Per Sq. Ft.
Median Sale vs. Average Days Original List on Market
-5%
-7%
3%
-
-13%
2018
$1,497,500
290
$1,239
11%
24
2017
$1,575,000
313
$1,199
5%
28
2016
$1,458,500
298
$1,193
2%
34
2015
$1,495,000
261
$1,160
15%
24
2014
$1,341,000
318
$999
6%
33
condominiums { 2018 vs. 2017 }
Change
District 7
/ San Francisco 2018 Market Update
district 7
Neighborhood Highlights
District
Cow Hollow
Pacific Heights
{Median Sale Price | Condominiums over Five Years}
{Median Sale Price | Condominiums over Five Years}
Cow Hollow
10
%
$1,450,000 $1,400,000 $1,350,000 $1,300,000
21
$1,450,000
$
2015
2016
2017
2018
1,177
$/Square Foot
Marina
11
%
$1,800,000 $1,600,000
Median Sale vs. Original List
$1,400,000
22
$1,200,000 $1,000,000 $800,000 $600,000
Average DOM
$400,000 $200,000
$
$0
2016
2017
Median Sale vs. Original List
26
$1,400,000 $1,350,000
Average DOM
$1,300,000 $1,250,000
$
$1,200,000
2014
2015
2016
2017
2018
1,265
$/Square Foot
{Median Sale Price | Condominiums over Five Years}
Marina
2015
%
Presidio Heights
{Median Sale Price | Condominiums over Five Years}
2014
9
$1,550,000 $1,500,000
Average DOM
$1,200,000
Pacific Heights
Median Sale vs. Original List
$1,250,000
2014
7
2018
1,236
$/Square Foot
Presidio Heights
0
$2,500,000
Median Sale vs. Original List
$2,000,000
26
$1,500,000 $1,000,000
Average DOM
$500,000
$
$0
2014
%
2015
2016
2017
2018
District 7 Neighborhood Highlights
1,163
$/Square Foot
/ San Francisco 2018 Market Update
District Median Sale Price
Total Units Sold
Average Price Per Sq. Ft.
43%
-4%
19%
2018
$3,564,875
23
$1,316
-5%
37
2017
$2,497,500
24
$1,110
-2%
48
2016
$3,447,500
14
$1,389
-2%
55
2015
$2,826,500
22
$1,514
26%
51
2014
$2,757,000
23
$1,156
-1%
45
single family homes
8
Median Sale vs. Average Days Original List on Market
{ 2018 vs. 2017 }
Change
-23%
at a glance {2018}
DISTRICT 8
Median Sales Price: SFH vs. Condos Median Sale Price | Single Family Homes vs. Condos
Civic Center Downtown Financial District
$4,000,000
North Beach
$3,500,000
Russian Hill
$3,000,000 $2,500,000
Nob Hill
$2,000,000
Telegraph Hill
$1,500,000
Tenderloin
$1,000,000
North Waterfront
$500,000
43
%
Change in Median Sale Price { 2018 vs. 2017, Single Family Homes }
-1
%
Change in Units Sold
$0
{ 2018 vs. 2017, Condominiums }
2014
2015
2016
SFH Median Sales Price
Single Family Homes
2017
2018
Condo Median Sales Price
Condos
505 Total Units Sold
3.6m
Median Sale Price
Total Units Sold
Average Price Per Sq. Ft.
Median Sale vs. Average Days Original List on Market
-1%
-1%
1%
-
-9%
$
2018
$1,085,000
482
$1,151
5%
40
Median Sale Price
2017
$1,100,000
489
$1,140
5%
44
2016
$998,000
467
$1,112
4%
36
2015
$1,050,000
452
$1,089
6%
35
2014
$896,500
538
$963
5%
43
condominiums { 2018 vs. 2017 }
Change
San Francisco 2018 Market Update / District 8
{ Single Family Homes }
district 8
Neighborhood Highlights
District
Financial District
North Waterfront
{Median Sale Price | Condominiums over Five Years}
{Median Sale Price | Condominiums over Five Years}
Financial District/B
-7
$2,500,000
%
Median Sale vs. Original List
$2,000,000
76
$1,500,000 $1,000,000
Average DOM
$500,000
$
$0
2014
2015
2016
2017
2018
1,155
$/Square Foot
Nob Hill
4
%
$1,320,000 $1,300,000 $1,280,000 $1,260,000 $1,240,000 $1,220,000 $1,200,000 $1,180,000 $1,160,000 $1,140,000 $1,120,000 $1,100,000
Median Sale vs. Original List
50
Average DOM
$
2016
2017
0
%
$1,200,000
Median Sale vs. Original List
$1,000,000
35
$800,000 $600,000
Average DOM
$400,000 $200,000
$
$0
2014
2015
2016
2017
2018
1,009
$/Square Foot
{Median Sale Price | Condominiums over Five Years}
Nob Hill
2015
North Waterfront
Russian Hill
{Median Sale Price | Condominiums over Five Years}
2014
8
2018
1,211
$/Square Foot
Russian Hill
5
%
$1,800,000 $1,600,000
Median Sale vs. Original List
$1,400,000
33
$1,200,000 $1,000,000 $800,000 $600,000
Average DOM
$400,000
$
$200,000 $0
2014
2015
2016
2017
2018
District 8 Neighborhood Highlights
1,261
$/Square Foot
/ San Francisco 2018 Market Update
District Median Sale Price
Total Units Sold
Average Price Per Sq. Ft.
Median Sale vs. Average Days Original List on Market
6%
-9%
2%
-
-15%
2018
$1,617,500
240
$1,062
18%
20
2017
$1,523,000
263
$1,036
18%
24
2016
$1,405,000
247
$1,000
18%
31
2015
$1,380,000
263
$956
16%
23
2014
$1,200,000
233
$838
22%
28
single family homes
9
{ 2018 vs. 2017 }
Change
at a glance {2018}
DISTRICT 9
Bernal Heights Dogpatch Inner Mission Mission Bay Potrero Hill South Beach SoMa Yerba Buena
6
Median Sales Price: SFH vs. Condos Median Sale Price | Single Family Homes vs. Condos
%
Change in Median Sale Price { 2018 vs. 2017, Single Family Homes }
-9
%
Change in Units Sold { 2018 vs. 2017, Single Family Homes }
1,325
$1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $0
2014
2015
2016
SFH Median Sales Price
Single Family Homes
2017
2018
Condo Median Sales Price
Condos
Total Units Sold
1.6m
$
Median Sale Price { Single Family Homes }
Median Sale Price
Total Units Sold
Average Price Per Sq. Ft.
Median Sale vs. Average Days Original List on Market
6%
5%
9%
-
-16%
2018
$1,131,000
1,085
$1,152
5%
35
2017
$1,070,000
1,035
$1,055
7%
42
2016
$1,027,500
956
$1,054
3%
44
2015
$1,059,650
1,046
$1,075
6%
33
2014
$915,500
1,158
$959
8%
33
condominiums { 2018 vs. 2017 }
Change
District 9
/ San Francisco 2018 Market Update
district 9
Neighborhood Highlights
District
Bernal Heights
SoMa
{Median Sale Price | Single Family Homes over Five Years}
Bernal Heights
13
Median Sale vs. Original List
$1,000,000
27
$800,000 $600,000
Average DOM
$400,000 $200,000
$
$0
2014
{Median Sale Price | Condominiums over Five Years} %
$1,200,000
2015
2016
2017
2018
1,016
$/Square Foot
Inner Mission
21
%
$1,400,000 $1,200,000 $1,000,000 $800,000 $600,000
$200,000
Median Sale vs. Original List
$900,000
36
$850,000 $800,000
Average DOM
$750,000
$
$700,000
2014
2015
2016
2017
1,049
$/Square Foot
2018
$0
2018
South Beach
-2
%
$1,300,000 $1,250,000
Median Sale vs. Original List
30
$1,200,000
47
$
2017
%
Median Sale vs. Original List
Average DOM
$400,000
2016
4
$950,000
{Median Sale Price | Condominiums over Five Years}
Inner Mission
2015
South of Market
South Beach
{Median Sale Price | Condominiums over Five Years}
2014
9
1,065
$/Square Foot
$1,150,000
Average DOM
$1,100,000 $1,050,000
$
$1,000,000
2014
2015
2016
2017
2018
District 9 Neighborhood Highlights
1,303
$/Square Foot
/ San Francisco 2018 Market Update
SAN FRANCISCO
Extraordinary Results We celebrate the notable success of our associates and clients
PACIFIC HEIGHTS
Pacific Heights Garden Home Last Asking $7,000,000 PACIFIC HEIGHTS
Elegant Home Fronting Alta Plaza Last Asking $4,995,000 BERNAL HEIGHTS
Art House on Elsie Street Last Asking $3,495,000 RUSSIAN HILL
Rare Russian Hill Contemporary Last Asking $3,200,000 NOEMARINA VALLEY
Five BedroomHarmonious Contemporary View Home Contemporary Last Asking Asking $6,840,000 $5,400,000 Last
*in order from left to right, top to bottom
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