ALAMO SQUARE
Offered at $6,300,000 701Scott.com
2018 Year in Review
San Francisco
Market Update
Bay Area Market Update
San Francisco
05 A Message from Dean Badessa
10 Market Snapshot
06 Featured Properties
Bay 12 Area District 1 Market Update 14 District 4
16 District 505 A Message from Jeff Gibson 18 District 606 Featured Properties 20 District 7 24 District 8 28 District 9 32 Extraordinary Results
a message from
Dean Badessa San Francisco Brokerage
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. I look forward to being of service to you.
SAN FRANCISCO BROKERAGE
Dean Badessa 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. Dean Badessa DRE: 01876759. 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
NOE VALLEY
State-of-the-Art Residence Offered at $4,695,000 525-28th.com
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 *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
Market Snapshot | by District
Price Ratio by District
{Median Final Sale vs. Original List}
7 1
6 4
3 -20%
9
5
2
-25%
8
-15%
10 -10%
-5%
0%
+5%
+10%
+15%
+20%
+25%
2018 Year in Review Highlights San Francisco
San Francisco Median Sale Prices
{Single Family Homes vs. Condos}
Highlight Median: SFH vs Condos San Fran
$1,800,000 $1,600,000 $1,400,000 $1,200,000
$1.570,000 $1,600,000 $1.196,500 $1,200,000
$1,000,000 $800,000 $600,000 $400,000 $200,000 $0
2013
2014
2015
SFH Median Sales Price
2016
Median Sale Prices
2018
Condos
Single Family Homes
Districts
2017
Condo Median Sales Price
Highlight HighlightMedian Medianbybydistrict districtSFH SFH {Districts vs. San Francisco Overall}
District 1
$6,000,000 6,000,000
District 4
$5,000,000 5,000,000
District 5
$4,000,000 4,000,000
District 6 District 7
$3,000,000 3,000,000
District 8
$2,000,000 2,000,000
District 9
$1,000,000 1,000,000
San Francisco
$0 -
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
at a glance {2018}
DISTRICT 1
Jordan Park Lake Laurel Heights Lone Mountain Outer Richmond Central Richmond Inner Richmond Sea Cliff
9
%
Change in Median Sale Price { 2018 vs. 2017, Condominiums }
43
%
Change in Units Sold { 2018 vs. 2017, Condominiums }
353 Total Units Sold
2
$ m Median Sale Price { Single Family Homes }
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
Median Sale Price | Single Family Homes vs. Condos Median Sales Price: SFH vs. Condos $2,000,000 $1,500,000 $1,000,000 $500,000 $0
2014
2015
SFH Median Sales Price
2016
2017
2018
Condo Median Sales Price
Single Family Homes
Condos
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
Median Sales Price: SFH vs. Condos Median Sale Price | Single Family Homes vs. Condos $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
2017
2018
Condo Median Sales Price
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
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
at a glance {2018}
DISTRICT 4
Balboa Terrace Diamond Heights Forest Hill Forest Hill Extension Forest Knolls Ingleside Terrace Midtown Terrace Miraloma Park Monterey Heights Mt Davidson Manor Sherwood Forest 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 { Single Family Homes }
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
%
Change in Median Sale Price { 2018 vs. 2017, Condominiums }
4
%
Change in Units Sold { 2018 vs. 2017, Condominiums }
764 Total Units Sold
2.3m
$
Median Sale Price { 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
Median Sales Price: SFH vs. Condos Median Sale Price | Single Family Homes vs. Condos $2,500,000 $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
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
Median Sales Price: SFH vs. Condos Median Sale Price | Single Family Homes vs. Condos $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0
2014
2015
2016
SFH Median Sales Price
2017
2018
Condo Median Sales Price
Single Family Homes
Condos
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
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
at a glance {2018}
DISTRICT 6
Alamo Square Hayes Valley Western Addition Lower Pacific Heights Anza Vista North Panhandle (NoPa)
9
%
Change in Median Sale Price { 2018 vs. 2017, Single Family Homes }
14
%
Change in Units Sold { 2018 vs. 2017, Single Family Homes }
321 Total Units Sold
2.8m
$
Median Sale Price { Single Family Homes }
at a glance {2018}
DISTRICT 7
The Marina Cow Hollow Pacific Heights Presidio Heights
-1
%
Change in Median Sale Price { 2018 vs. 2017, Single Family Homes }
2
%
Change in Units Sold { 2018 vs. 2017, Single Family Homes}
389 Total Units Sold
4.7m
$
Median Sale Price { 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
7
Median Sales Price: SFH vs. Condos Median Sale Price | Single Family Homes vs. Condos $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
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 Cow Hollow
{Median Sale Price | Condominiums over Five Years}
Cow Hollow
10
%
$1,450,000
Median Sale vs. Original List
$1,400,000
21
$1,350,000 $1,300,000
Average DOM
$1,250,000
$
$1,200,000
2014
2015
2016
2017
2018
1,177
$/Square Foot
Marina
{Median Sale Price | Condominiums over Five Years}
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
2014
2015
2016
2017
2018
1,236
$/Square Foot
District
7
Pacific Heights
{Median Sale Price | Condominiums over Five Years}
Pacific Heights
9
%
$1,550,000 $1,500,000
Median Sale vs. Original List
$1,450,000
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
Presidio Heights
{Median Sale Price | Condominiums over Five Years}
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%
Median Sales Price: SFH vs. Condos Median Sale Price | Single Family Homes vs. Condos $4,000,000 $3,500,000 $3,000,000 $2,500,000 $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
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
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
at a glance {2018}
DISTRICT 8
Civic Center Downtown Financial District North Beach Russian Hill Nob Hill Telegraph Hill Tenderloin North Waterfront
43
%
Change in Median Sale Price { 2018 vs. 2017, Single Family Homes }
-1
%
Change in Units Sold { 2018 vs. 2017, Condominiums }
505 Total Units Sold
3.6m
$
Median Sale Price { Single Family Homes }
district 8
Neighborhood Highlights Financial District
{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
{Median Sale Price | Condominiums over Five Years}
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
2014
Median Sale vs. Original List
50
Average DOM
$
2015
2016
2017
2018
1,211
$/Square Foot
District
8
North Waterfront
{Median Sale Price | Condominiums over Five Years}
North Waterfront
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
Russian Hill
{Median Sale Price | Condominiums over Five Years}
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
at a glance {2018}
DISTRICT 9
Bernal Heights Dogpatch Inner Mission Mission Bay Potrero Hill South Beach SoMa Yerba Buena
6
%
Change in Median Sale Price { 2018 vs. 2017, Single Family Homes }
-9
%
Change in Units Sold { 2018 vs. 2017, Single Family Homes }
1,325 Total Units Sold
1.6m
$
Median Sale Price { Single Family Homes }
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
Median Sales Price: SFH vs. Condos Median Sale Price | Single Family Homes vs. Condos $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
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 Bernal Heights
{Median Sale Price | Single Family Homes over Five Years}
Bernal Heights
13
%
$1,200,000
Median Sale vs. Original List
$1,000,000
27
$800,000 $600,000
Average DOM
$400,000 $200,000
$
$0
2014
2015
2016
2017
2018
1,016
$/Square Foot
Inner Mission
{Median Sale Price | Condominiums over Five Years}
Inner Mission
21
%
$1,400,000 $1,200,000
Median Sale vs. Original List
$1,000,000
30
$800,000 $600,000
Average DOM
$400,000 $200,000
$
$0
2014
2015
2016
2017
2018
1,065
$/Square Foot
District
9
SoMa
{Median Sale Price | Condominiums over Five Years}
South of Market
4
%
$950,000
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
South Beach
{Median Sale Price | Condominiums over Five Years}
South Beach
-2
%
$1,300,000 $1,250,000
Median Sale vs. Original List
$1,200,000
47
$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
Dean Badessa
DRE: 01876759 415.474.5140 Dean@DeanBadessa.com
NOE VALLEY
Five Bedroom Contemporary View Home Last Asking $5,400,000