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March 2020 Newsletter

russian hill

San Francisco Real Estate

March 2020 Report

There is a lot going on in the world right now and we won’t pretend to know how things will turn out or affect the local real estate market over the next few months. In the meantime, this report will look at the most recent data available, though the impact of the wild volatility in the financial markets and the unfolding situation with the coronavirus has yet to show up in reliable statistics. Typically, the spring selling season is the most active of the year.

One positive for real estate is that mortgage interest rates hit a historic low in early March, as illustrated below, and rates play a huge role in housing affordability.

As always, please don’t hesitate to let me know if I can be of assistance in any way. I wish you and yours safety and health in these challenging days.

Short-Term & Long-Term Trends
in Median Home Sales Prices

house prices since 2017

condo prices since 2017

median price appreciation

Median Dollar per Square Foot Values

home value appreciation

Mortgage Interest Rates Hit New All-Time Low

mortgage rate 2018-2020

Home Sales Breakdown

home sales breakdown

Listing Inventory vs. Sales since 2005

monthly listings and sales volume

Trends in Overbidding Asking Price

Overbidding remains common and at high levels for house listings in particular, however part of this is due strategic under-pricing on the part of listing agents. The supply and demand dynamic for condos has been affected over the last few years by new-condo inventory coming on market.

overbidding of prices

The Extreme Seasonality of Real Estate Markets

After the mid-winter doldrums, we would typically start seeing a huge jump in sales as the spring market gets underway. Remember that sales are about a month behind the market, i.e. sales in one month mostly reflect new listings and offers accepted in the previous month.

unit home sales

Home Sales & Values by San Francisco District

map compass

house sales market breakdown

condo sales market breakdown.jpg

District Home Price Trends

There are 70+ neighborhoods in ten Realtor districts in San Francisco – too many to cover in one newsletter. Below are some representative snapshots, but we also have trend data on every neighborhood in the city, which can be supplied upon request.

4 SF districts

prestige neighborhoods

5 districts

Jeff Salgado

Jeff Salgado


DRE#: 01501886
415.915.9916
jeff(at)jeffsalgado(dotted)com

© Compass 2020 ¦ All Rights Reserved by Compass ¦ Made in NYC

Compass is a real estate broker licensed by the State of California operating under
multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075,
1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material presented
herein is intended for informational purposes only and is compiled from sources deemed reliable
but has not been verified. Changes in price, condition, sale or withdrawal may be made without
notice. No statement is made as to accuracy of any description. All measurements and square
footage are approximate. Equal Housing Opportunity.

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