San Francisco County Market Update February
2020
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Please click on the heat map below to explore market data and trends from across the Bay Area.
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$1.40M
Median Sales Price
↑ 11% from last year
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Not only can the median give you a good idea of the general price of real estate in a certain area, it also can give you a feeling for how an area has been performing over recent months, years, or decades. Buyers and sellers can use median sales price as an indicator of market trends, consumer sentiment, price estimation, and market conditions.
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Information taken from the Trendgraphix® as of February 2020, All Residential. All information should be independently reviewed and verified for accuracy. Properties represent a compilation of listings from various brokerage firms and may or may not have been listed or sold by the office or agent presenting this information.
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Information taken from the Trendgraphix® as of February 2020, All Residential. All information should be independently reviewed and verified for accuracy. Properties represent a compilation of listings from various brokerage firms and may or may not have been listed or sold by the office or agent presenting this information.
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Information taken from the Trendgraphix® as of February 2020, All Residential. All information should be independently reviewed and verified for accuracy. Properties represent a compilation of listings from various brokerage firms and may or may not have been listed or sold by the office or agent presenting this information.
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106.82%
Sales-to-List Price
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For buyers, looking at sale-to-list percentages can help them get a sense of how to negotiate on pricing. For sellers, sale-to-list percentages can help them set the right price for the property. A ratio above 100 percent indicates that a home sold for more than its list price. This might happen during a “hot market” where the seller receives multiple offers on a home. Conversely, a ratio less than 100 percent shows that a home sold for less than its list price.
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The number of sold units represents market conditions through the total properties sold during a given period; in hot economic situations these numbers can peak and during a market crash they can drop significantly.
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Information taken from the Trendgraphix® as of February 2020, All Residential. All information should be independently reviewed and verified for accuracy. Properties represent a compilation of listings from various brokerage firms and may or may not have been listed or sold by the office or agent presenting this information.
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Information taken from the Trendgraphix® as of February 2020, All Residential. All information should be independently reviewed and verified for accuracy. Properties represent a compilation of listings from various brokerage firms and may or may not have been listed or sold by the office or agent presenting this information.
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Based on inventory (the number of homes for sale), the market can lean towards a seller’s or buyer’s market. A seller’s market occurs when demand (the number of buyers seeking to purchase homes) exceeds supply (available homes for sale). A buyer’s market occurs when the supply exceeds demand. Buyer’s have strong negotiating power during a buyer's market, and conversely, seller’s have flexible pricing options in a seller’s market.
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Information taken from the Trendgraphix® as of February 2020, All Residential. All information should be independently reviewed and verified for accuracy. Properties represent a compilation of listings from various brokerage firms and may or may not have been listed or sold by the office or agent presenting this information.
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Information taken from the Trendgraphix® as of February 2020, All Residential. All information should be independently reviewed and verified for accuracy. Properties represent a compilation of listings from various brokerage firms and may or may not have been listed or sold by the office or agent presenting this information.
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26
Average Days on Market
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A low number of days on market indicates that buyers are in a hot market. This means they should be ready to pull the trigger when the right property surfaces. Additionally, sellers know that they can be more aggressive with their pricing because buyers are purchasing properties quickly.
When days on market in an area is high, buyers may start questioning the pricing or value of a property, wanting to negotiate more because they see that homes in the area are taking much longer to sell. Sellers should be careful with pricing in an area where days on market is high; the listing price should be close to the fair market value to maximize the experience and profit.
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Information taken from the Trendgraphix® as of February 2020, All Residential. All information should be independently reviewed and verified for accuracy. Properties represent a compilation of listings from various brokerage firms and may or may not have been listed or sold by the office or agent presenting this information.
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Information taken from the Trendgraphix® as of February 2020, All Residential. All information should be independently reviewed and verified for accuracy. Properties represent a compilation of listings from various brokerage firms and may or may not have been listed or sold by the office or agent presenting this information.
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© 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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