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SALES & MARKET S TAT I S T I C S FOR
2015
Here are some of our predictions for 2016 1 P rice growth will probably continue but most likely at a slower appreciation rate than we saw in 2014 and 2015, maybe flattening out in some areas. Neighborhoods in the core of the city will remain the strongest markets.
HAPPY 2016! DEAR NEIGHBOR We hope that you had a wonderful holiday season. Behind the scenes the Spring market is already ramping up and 2016 should be an interesting year for SF real estate. The last few years have been a time of crazy growth for SF real estate. In this issue of our quarterly update, we've provided a market analysis for 2015 as well as a look back at the market for the past 5 years. We hope you find this helpful — and we hope you've done well! Last Fall, we saw a shift in the red-hot seller's market. Whether it was seasonal or a marked shift remains to be seen and this Spring will be telling. If this shift continues, we should see some noticeable changes in the market. Choosing an agent that understands the subtleties of your neighborhood and can provide expert guidance on proper preparation, staging, pricing and marketing will be vital.
Get in touch for a free and no-strings consultation to find out what your home could sell for. We can help take the sale of your home from Good to Great. Cheers to a successful 2016 Kira and the Modern SF Team
2 I f inventory increases (we think it will) buyers will be pickier than they have for the last few years. They will be less willing to 'take what they can get' and more likely to keep looking. Market prep, top notch staging and a strong marketing plan will be critical to achieving the most successful sale. Properties that don't 'check all the boxes' will have to work harder to stand out. 3 S uper desirable properties will still be popular with multiple bids and over-asking closes. Inventory will be tight for properties that people want but there will be a lot of Grade B and C properties as late-comers to the party try to jump on the tail end of the super hot seller's market. 4 M arketing strategies will change. Last Fall, we saw 'offer dates' begin to go away on many properties as competition waned. 5 W e’ll see greater price accuracy from list price to sale price. Sellers will be pricing their home closer to the price they hope to get. Pricing your property correctly will be even more important as overbids become less 'the rule.' 6 F or buyers or those trading up: this year could be a great year to look for a home. If inventory increases, competition should lessen considerably. There should be some great opportunities for buyers, especially people who are well prepared, know what they want and are willing to jump in when the right place comes along. 7 N ew lending practices will mean that escrows will take longer. 8 E veryone will be waiting to see what the Fed will be doing and when rates will go up.
M AR KET STATS FOR 201 5 All market statistics are based on data for 2015 from January 1 through December 31
*
means stats are based on less than 5 sales
SI NG LE FAM ILY HOMES Average Price per square foot Median Sales Price
$ 971
COND OS Average Price per square foot Median Sales Price
$ 2 405 000
$ 1231
$ 3 147 000
$ 1107 $ 770
$ 1 225 000
*
$ 1086
$ 1142
$ 2 250 000
$ 1 197 000
$ 1051
*
$ 1116
$ 1 362 000
$ 2 825 000
$ 914
$ 1 250 000
Haight Ashbury
$ 1126
$ 2 700 000
$ 987
$ 1 325 000
$ 1070
$ 1 880 000
$ 1073
$ 1 260 000
Cole Valley • Parnassus Heights
Hayes Valley Buena Vista • Ashbury Heights
$ 3 000 000
$ 1073
$ 1 180 000
Duboce Triangle
Corona Heights
Castro • Eureka Valley
$ 1006
$ 1 678 000
Mission Dolores
$ 1027 Inner Mission
$ 975 000
$ 1141
$ 2 135 000
$ 1058
$ 1 228 000
Noe Valley
$ 1248
$ 2 250 000
$ 1073
$ 988
$ 1 620 000
$ 976
Bernal Heights
$ 1 314 000
Glen Park
$ 944
$ 1 300 000
$ 969
$ 990 000
$ 960 000
S P E C I A LIZ ING IN THE CLOS E- I N CENT RAL N E I GHBORHOODS OF SAN FRANCI S CO
HOW DOES 2015 COMPARE TO 2014? All statistics below are comparing all sales in 2015 to 2014 # of sa l e s
$ average sa l e s pr ic e
$ m e dian s al e s p r ic e
days on market
do m
$ a verage ppsf price per sq ft
173 167 4%
1 3 82 000 1 1 74 000 1 8%
1 300 000 1 160 000 12%
22 30 –36%
9 44 815 16%
21 39 –85 %
9 5 6 000 85 1 000 12%
990 000 875 000 13%
27 40 –48%
969 74 2 31%
18 18 0%
3 24 8 000 2 9 89 000 9%
3 147 000 2 250 000 40%
19 30 –57%
1 23 1 105 4 1 7%
29 28 3%
1 3 2 2 000 1 1 7 3 000 13%
1 225 000 1 225 000 0%
26 26 0%
1 107 9 49 1 7%
45 44 2%
2 4 2 3 000 2 3 14 000 5%
2 135 000 2 057 000 4%
19 22 –16%
1 141 1044 9%
60 65 –8%
1 3 30 000 1 2 83 000 4%
1 228 000 1 255 000 –2%
24 26 –8%
105 8 972 9%
12 21 –75 %
2 897 000 2 2 6 7 000 2 8%
2 700 000 2 370 000 14%
24 26 –8%
1 1 26 995 13%
35 27 30%
1 2 79 000 1 0 9 3 000 1 7%
1 325 000 1 150 000 15%
26 34 –31%
987 872 13%
21 15 40%
2 0 85 000 1 70 8 000 22%
1 880 000 1 575 000 19%
26 33 –27%
1070 9 25 16%
27 23 1 7%
1 3 4 4 000 1 1 2 2 000 20%
1 260 000 1 140 000 11%
18 32 –78%
107 3 9 24 16%
3 3 d a ta to o lo w
2 4 6 6 000 2 4 1 9 000 •
2 250 000 2 308 000 •
41 25 •
1 142 983 •
30 29 3%
1 3 85 000 1 0 83 000 2 8%
1 362 000 1 150 000 18%
24 14 70%
105 1 106 9 – 2%
Bernal Heights SIN G L E FA M I LY H O M ES 2 01 5 2 014 C H A N G E year over year CON D OS 2 01 5 2 014 C H A N G E yoy
Buena Vista • Ashbury Heights SIN G L E FA M I LY H O M ES 2 01 5 2 014 C H A N G E yoy CON D OS 2 01 5 2 014 C H A N G E yoy
Castro • Eureka Valley SIN G L E FA M I LY H O M ES 2 01 5 2 014 C H A N G E yoy CON D OS 2 01 5 2 014 C H A N G E yoy
Cole Valley SIN G L E FA M I LY H O M ES 2 01 5 2 014 C H A N G E yoy CON D OS 2 01 5 2 014 C H A N G E yoy
Corona Heights SIN G L E FA M I LY H O M ES 2 01 5 2 014 C H A N G E yoy CON D OS 2 01 5 2 014 C H A N G E yoy
Duboce Triangle SIN G L E FA M I LY H O M ES 2 01 5 2 014 C H A N G E yoy CON D OS 2 01 5 2 014 C H A N G E yoy
G E T I N TO U CH TO DAY for a free consultation to find out what your home could sell for! call (415) 305-8737 • email kira@modernrealestatesf.com # of sa l e s
$ average sa l e s pr ic e
$ m e dian s al e s p r ic e
days on market
do m
$ average ppsf price per sq ft
69 73 –6 %
1 70 0 000 1 4 9 1 000 14 %
1 620 000 1 415 000 15%
23 24 –4%
988 896 10%
8 16 –2 0 0 %
1 0 4 1 000 1 10 6 000 –6 %
960 000 985 000 –3%
31 21 48%
976 75 6 29 %
9 5 80 %
2 6 9 5 000 2 3 9 2 000 13%
2 825 000 2 350 000 20%
57 18 316%
7 70 9 08 –18%
27 30 –1 1 %
1 1 9 1 000 1 14 3 000 4%
1 250 000 1 124 000 11%
25 30 –20%
9 14 861 6%
6 10 –6 6 %
2 3 5 4 000 2 0 4 1 000 15%
2 405 000 1 830 000 31%
15 32 –213%
971 951 2%
74 71 4%
1 1 5 5 000 1 0 9 1 000 6%
1 197 000 1 121 000 7%
27 29 –7%
108 6 1043 4%
30 28 7%
1 834 000 1 3 0 0 000 41%
1 678 000 1 220 000 38%
32 21 52%
1006 8 10 24%
161 10 4 55%
1 079 000 1 0 15 000 6%
975 000 925 000 6%
37 29 28%
1027 911 13%
3 4 d a ta to o lo w
3 14 5 000 2 4 6 7 000 •
3 000 000 1 728 000 •
32 32 •
1116 978 •
50 42 20%
1 3 4 3 000 1 1 6 5 000 15%
1 180 000 1 105 000 7%
25 34 –36%
107 3 9 14 17%
10 4 125 –2 0 %
2 5 5 0 000 2 2 9 4 000 13%
2 250 000 2 040 000 10%
22 25 –14%
1 248 1021 22%
86 84 2%
1 4 4 2 000 1 2 6 4 000 14 %
1 314 000 1 262 000 4%
23 26 –13%
107 3 9 41 14 %
Glen Park SIN G L E FA M I LY H O M ES 2 01 5 2 014 C H A N G E year over year CON D OS 2 01 5 2 014 C H A N G E yoy
Haight Ashbury SIN G L E FA M I LY H O M ES 2 01 5 2 014 C H A N G E yoy CON D OS 2 01 5 2 014 C H A N G E yoy
Hayes Valley SIN G L E FA M I LY H O M ES 2 01 5 2 014 C H A N G E yoy CON D OS 2 01 5 2 014 C H A N G E yoy
Inner Mission SIN G L E FA M I LY H O M ES 2 01 5 2 014 C H A N G E yoy CON D OS 2 01 5 2 014 C H A N G E yoy
Mission Dolores SIN G L E FA M I LY H O M ES 2 01 5 2 014 C H A N G E yoy CON D OS 2 01 5 2 014 C H A N G E yoy
Noe Valley SIN G L E FA M I LY H O M ES 2 01 5 2 014 C H A N G E yoy CON D OS 2 01 5 2 014 C H A N G E yoy
5 Y E A R R E V I E W O F T H E S F R E A L E S TAT E M A R K E T: 2 0 1 1 – 2 0 1 5 S I NGLE FAM I LY HO MES ne ighborhood
201 1
2 0 12
2 0 13
2 0 14
2 0 15
change
2011 vs 2015
$ me d i a n sa l e s p r ic e 6 70 0 0 0 699 000
800 000 7 75 000
935 000 956 000
1 122 000 1 160 000
1 250 000 1 300 000
8 7% 86%
B UE N A V I STA • AS H B URY HE I GHTS CAST RO • E U RE KA VA LL E Y
1 76 5 0 0 0 1 343 000
1 760 000 1 545 000
2 400 000 1 560 000
2 250 000 2 057 000
3 147 000 2 135 000
78 % 59%
CO L E VA LLE Y CO RON A H E I G H TS
1 473 000 1 092 000
1 7 36 000 1 218 000
1 855 000 1 105 000
2 370 000 1 575 000
2 700 000 1 880 000
83% 7 2%
D U B OCE T RI A N G LE GL EN PA RK H A IG H T AS H B U RY H AYES VA LLE Y
1 85 0 9 07 1 650 1 265
1 469 940 1 938 1 555
1 1 2 1
2 308 1 415 2 350 1 830
2 1 2 2
000 000 000 000
22% 79 % 7 2% 9 0%
INNER M I S S I ON M IS S I ON DOLORES NO E VA LLE Y
74 0 0 0 0 1 5 75 0 0 0 1 350 000
1 220 000 1 728 000 2 040 000
1 678 000 3 000 000 2 250 000
1 27% 9 0% 6 7%
SA N FRA N CI S CO B ER N A L H E I G H TS
ne ighborhood
000 000 000 000
000 000 000 000
790 000 1 350 000 1 400 000
650 272 225 550
000 000 000 000
1 007 000 1 600 000 1 700 000
000 000 000 000
250 620 825 405
$ a v e r a g e p r i c e p e r s q ua r e f o o t
SA N FRA N CI S CO B ER N A L H E I G H TS
4 30 5 11
513 571
607 716
682 815
766 944
78 % 85%
B UE N A V I STA • AS H B URY HE I GHTS CAST RO • E U RE KA VA LL E Y
70 5 698
7 76 801
936 988
1054 1044
1231 1141
75 % 63%
CO L E VA LLE Y CO RON A H E I G H TS
72 1
854 696
849 821
995 925
1126 1070
56%
673
D U B OCE T RI A N G LE GL EN PA RK H A IG H T AS H B U RY H AYES VA LLE Y
6 79 603 4 89 513
N/A 663 645 567
972 803 707 1057
983 896 908 951
1142 988 7 70 971
68% 6 4% 5 7% 89%
INNER M I S S I ON M IS S I ON DOLORES NO E VA LLE Y
4 87 718 690
508 811 768
667 901 926
810 978 1021
1006 1116 1248
107 % 55% 81%
201 1
2 0 12
2 0 13
2 0 14
2 0 15
CONDOS ne ighborhood
59%
change
2011 vs 2015
$ me d i a n sa l e s p r ic e
SA N FRA N CI S CO B ER N A L H E I G H TS
619 000 606 000
7 70 000 612 000
826 000 795 000
995 000 875 000
1 123 000 990 000
81% 6 4%
B UE N A V I STA • AS H B URY HE I GHTS CAST RO • E U RE KA VA LL E Y
84 0 0 0 0 82 3 0 0 0
695 000 900 000
960 000 160 000
1 225 000 1 255 000
1 225 000 1 228 000
46 % 49 %
CO L E VA LLE Y CO RON A H E I G H TS
89 9 0 0 0
883 000 950 000
1 078 000
74 9 0 0 0
1 005 000
1 150 000 1 140 000
1 325 000 1 260 000
68%
D U B OCE T RI A N G LE GL EN PA RK H A IG H T AS H B U RY H AYES VA LLE Y
80 5 6 78 807 72 6
87 3 794 955 753
1 150 985 1 124 1 121
1 362 960 1 250 1 197
000 000 000 000
69% 42% 55% 65%
INNER M I S S I ON M IS S I ON DOLORES NO E VA LLE Y
711 0 0 0 6 30 0 0 0 815 0 0 0
925 000 1 105 000 1 262 000
975 000 1 180 000 1 314 000
37% 8 7% 61%
ne ighborhood
000 000 000 000
000 000 000 000
760 000 7 38 000 924 000
1 125 840 1 110 870
000 000 000 000
895 000 1 225 000 1 002 000
000 000 000 000
47%
$ a v e r a g e p r i c e p e r s q ua r e f o o t
SA N FRA N CI S CO B ER N A L H E I G H TS
5 85 531
720 519
825 667
920 742
1006 969
72% 8 2%
B UE N A V I STA • AS H B URY HE I GHTS CAST RO • E U RE KA VA LL E Y
657 652
743 7 32
847 866
949 972
1107 1058
69% 6 2%
CO L E VA LLE Y CO RON A H E I G H TS
5 80 5 87
685 681
813 7 71
872 924
987 107 3
70% 83%
D U B OCE T RI A N G LE GL EN PA RK H A IG H T AS H B U RY H AYES VA LLE Y
6 36 4 86 508 608
694 619 639 686
825 724 7 38 830
1069 75 6 861 1033
1051 976 914 1086
65% 101 % 8 0% 78%
INNER M I S S I ON M IS S I ON DOLORES NO E VA LLE Y
541 606 6 31
652 717 699
743 920 805
882 914 941
1027 107 3 107 3
89% 7 7% 70%
These analyses were performed in good faith with data derived from sources deemed reliable, but they may contain errors and are subject to revision. All numbers are approximate and how they apply to specific properties is unknown. design: Candymuse.com
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2282 MARKET ST SAN FRANCISCO CA 94114
Equal Housing Opportunity • If your property is now listed for sale this is not intended as a solicitation of the listing.
KIRA MEAD REAL ESTATE AGENT
CalBRE#: 01905944
(415) 305-8737 kira@modernrealestatesf.com Modern Real Estate SF.com
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