San Francisco and Marin County Q1 Report 2024

San Francisco and Marin County Q1 Report 2024

  • Jeff Marples
  • May 21, 2024

San Francisco Home Prices & Sales Up in April

 

The median sales price for single-family, re-sale rose 2.9% in April from March. It was up 13.1% year-over-year.

The average sales price for single-family, re-sale homes was up 10.2% month-over-month. Year-over-year, it was up 11.5%.

Sales of single-family, re-sale homes rose 27.9% year-over-year. There were 211 homes sold in San Francisco last month. The average since 2000 is 214.

The median sales price for condos/lofts was down 7.9% year-over-year.

The average sales price was down 8.5% year-over-year.

Sales of condos/lofts fell 10% year-over-year. There were 189 condos/lofts sold last month. The average since 2000 is 230.

The sales price to list price ratio, or what buyers are paying over what sellers are asking, rose from 107.4% to 107.5% for homes. The ratio for condos/townhomes fell from 100.9% to 100.7%.

Average days on market, or the time from when a property is listed to when it goes into contract, was 22 for homes and 57 for condos/lofts.

Momentum Statistics

Sales momentum…
for homes rose from –14.9 to –7.9. Sales momentum for condos/lofts was down 6.4 points to –26.

​

Pricing momentum…
for single-family homes rose 3.7 points to –2.7. Pricing momentum for condos/lofts rose 0.5 of a point to –1.5.

Our momentum statistics are based on 12-month moving averages to eliminate monthly and seasonal variations.

If you are planning on selling your property, call me for a free comparative market analysis. 

​

We calculate…

momentum by using a 12-month moving average to eliminate seasonality. By comparing this year's 12-month moving average to last year's, we get a percentage showing market momentum.  

In the chart below…

the blue area shows momentum for home sales while the red line shows momentum for pending sales of single-family, re-sale homes. The purple line shows momentum for the average price.

 

As you can see, pricing momentum has an inverse relationship to sales momentum.

Sales momentum chart with a blue area series and purple trend line.

 

The graph below shows the median and average prices plus unit sales for homes.

 

Time-series chart with a blue area, pink bars, and a fluctuating red line.

 

Remember, the real estate market is a matter of neighborhoods and houses. No two are the same. For complete information on a particular neighborhood or property, call me at 415.336.9695

 

San Francisco Homes year-over-year median sales price change area chart, with values from 2001 to 2024.

 

Sales Momentum chart with a blue area and purple line over a black grid.

 

The graph below shows the median and average prices plus unit sales for condos/lofts.

 

Real estate trends chart with blue area, pink bars, and a fluctuating red line.

 

 

Marin Home Prices & Sales Up

 


 Curnt vs. Prev MonthCurnt vs. Same Month 1 Yr AgoCurnt vs. Same Qtr 1 Yr Ago
 Apr. 24Mar. 24% ChangeApr. 24Apr. 23% ChangeFeb. 24 to Apr. 24Feb. 23 to Apr. 23% Change
For Sale40530134.6% Green arrow rising across a real estate financial table, with blue charts in the background.40530632.4% Green arrow rising across a real estate financial table, with blue charts in the background.40530632.4% Green arrow rising across a real estate financial table, with blue charts in the background.
New Listing205222-7.7% Real estate statistics table with a hand holding a pen and red arrows pointing down.205230-10.9% Real estate statistics table with a hand holding a pen and red arrows pointing down.641667-3.9% Real estate statistics table with a hand holding a pen and red arrows pointing down.
Sold19114531.7% Green arrow rising across a real estate financial table, with blue charts in the background.191193-1% Real estate statistics table with a hand holding a pen and red arrows pointing down.429454-5.5% Real estate statistics table with a hand holding a pen and red arrows pointing down.
Pended2112052.9% Green arrow rising across a real estate financial table, with blue charts in the background.2112033.9% Green arrow rising across a real estate financial table, with blue charts in the background.5295290%    
 
TODAY’S STATS
 Current vs. Prev MTDCurrent vs. Same MTD 1 Yr AgoCurrent vs. Prev YTD
 5/1/24 - 5/13/244/1/24 - 4/13/24% Change5/1/24 - 5/13/245/1/23 - 5/13/23% Change1/1/24 - 5/13/241/1/23 - 5/13/23% Change
For Sale43135322.1% Green arrow rising across a real estate financial table, with blue charts in the background.43134923.5% Green arrow rising across a real estate financial table, with blue charts in the background.43134923.5% Green arrow rising across a real estate financial table, with blue charts in the background.
New Listing7391-19.8% Real estate statistics table with a hand holding a pen and red arrows pointing down.73106-31.1% Real estate statistics table with a hand holding a pen and red arrows pointing down.9139041% Green arrow rising across a real estate financial table, with blue charts in the background.
Sold77761.3% Green arrow rising across a real estate financial table, with blue charts in the background.7794-18.1% Real estate statistics table with a hand holding a pen and red arrows pointing down.592611-3.1% Real estate statistics table with a hand holding a pen and red arrows pointing down.
Pended1157259.7% Green arrow rising across a real estate financial table, with blue charts in the background.1159817.3% Green arrow rising across a real estate financial table, with blue charts in the background.7297221% Green arrow rising across a real estate financial table, with blue charts in the background.
 Data Table


 

 

The real estate market is very hard to generalize. It is a market made up of many micro markets. For complete information on a particular neighborhood or property, call me at 415.336.9695

 

If I can help you devise a strategy, call or click the buying or selling link in the menu to the left.

Work With Jeff

I first strive to understand your unique situations, whether you are buying or selling. Through asking questions and attentively listening, I support and guide you in finding the best fit.

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