San Francisco County – Q3 2014

Third Quarter Market Report
San Francisco
2013 vs 2014
San Francisco continues to experience a decline in the number of homes sold, while prices continue to rise. In most every neighborhood you’ll see the median price up, number of closed sales down, and supply of inventory down. Demand is very high, and there are homeowners who do not want to list because they don’t want to be a buyer in this market. Noe Valley and Pacific Heights have experienced 23% and 21% gains in median price year over year, and both show a decline in inventory. The entire story in SOMA and Financial District can’t be told in the MLS statistics. New development sales aren’t included in these numbers, and pre-sales on uncompleted projects are more than brisk!

Q3 2013Q3 2014% Change
Number of Sales1,7561,573-10%
Average Price ($000)$900 $1,03815%
Average DOM4233-21%
Months of Inventory1.31.30%

Richmond

Q3 2013Q3 2014% Change
Number of Sales90933%
Average Price ($000)$1,071 $1,19712%
Average DOM4135-16%
Months of Inventory1.71.3-25%

Sea Cliff/Lake District

Q3 2013Q3 2014% Change
Number of Sales2320-13%
Average Price ($000)$1,380 $1,3800%
Average DOM3323-29%
Months of Inventory0.81.8123%

Sunset

Q3 2013Q3 2014% Change
Number of Sales8462-26%
Average Price ($000)$974 $1,0427%
Average DOM3725-31%
Months of Inventory1.21.2-5%

Parkside

Q3 2013Q3 2014% Change
Number of Sales4731-34%
Average Price ($000)$830 $95014%
Average DOM293622%
Months of Inventory1.21.2-1%

Lakeshore/Lakeside/Merced Manor

Q3 2013Q3 2014% Change
Number of Sales101440%
Average Price ($000)$1,059 $1,21214%
Average DOM262810%
Months of Inventory1.90.9-51%

St. Francis Wood/Balboa Terrace/Forest Hill

Q3 2013Q3 2014% Change
Number of Sales149-36%
Average Price ($000)$1,696 $2,17828%
Average DOM3724-35%
Months of Inventory1.41.937%

Miraloma Park/Westwood Highlands/Midtown Terrace

Q3 2013Q3 2014% Change
Number of Sales2317-26%
Average Price ($000)$1,031 $1,0542%
Average DOM4227-36%
Months of Inventory0.71.4105%

Corona Heights/Eureka Valley/Mission Dolores

Q3 2013Q3 2014% Change
Number of Sales9284-9%
Average Price ($000)$1,283 $1,3959%
Average DOM3931-20%
Months of Inventory0.80.917%

Noe Valley

Q3 2013Q3 2014% Change
Number of Sales6761-9%
Average Price ($000)$1,190 $1,58934%
Average DOM3432-6%
Months of Inventory1.11.318%

Haight/Parnassus/Ashbury Heights

Q3 2013Q3 2014% Change
Number of Sales3320-39%
Average Price ($000)$1,265 $1,174-7%
Average DOM293520%
Months of Inventory0.61.4124%

Glen Park

Q3 2013Q3 2014% Change
Number of Sales192216%
Average Price ($000)$1,255 $1,200-4%
Average DOM3732-14%
Months of Inventory1.50.8-47%

Hayes Valley/Alamo Square/NOPA/Lower Pac Heights

Q3 2013Q3 2014% Change
Number of Sales849311%
Average Price ($000)$912 $1,06817%
Average DOM4130-26%
Months of Inventory1.30.9-26%

Pacific Heights/Presidio Heights

Q3 2013Q3 2014% Change
Number of Sales8867-24%
Average Price ($000)$1,699 $1,7121%
Average DOM405128%
Months of Inventory1.61.4-14%

Cow Hollow/Marina

Q3 2013Q3 2014% Change
Number of Sales5646-18%
Average Price ($000)$1,538 $2,51564%
Average DOM3528-20%
Months of Inventory1.01.114%

Telegraph Hill/Russian Hill/Nob Hill

Q3 2013Q3 2014% Change
Number of Sales8879-10%
Average Price ($000)$1,336 $1,48411%
Average DOM5829-49%
Months of Inventory2.41.5-39%

North Beach/North Waterfront

Q3 2013Q3 2014% Change
Number of Sales921133%
Average Price ($000)$975 $840-14%
Average DOM3922-44%
Months of Inventory2.30.7-70%

Bernal Heights

Q3 2013Q3 2014% Change
Number of Sales7271-1%
Average Price ($000)$940 $1,05012%
Average DOM4133-20%
Months of Inventory1.31.0-23%

Inner Mission

Q3 2013Q3 2014% Change
Number of Sales7254-25%
Average Price ($000)$925 $9311%
Average DOM4729-38%
Months of Inventory0.91.678%

Potrero Hill

Q3 2013Q3 2014% Change
Number of Sales424712%
Average Price ($000)$812 $98021%
Average DOM5125-51%
Months of Inventory1.50.9-40%

SOMA

Q3 2013Q3 2014% Change
Number of Sales6459-8%
Average Price ($000)$713 $79512%
Average DOM3635-3%
Months of Inventory1.21.1-8%

South Beach/Yerba Buena

Q3 2013Q3 2014% Change
Number of Sales142109-23%
Average Price ($000)$853 $1,08728%
Average DOM3733-11%
Months of Inventory1.11.535%

Bayview/Visitacion Valley/Silver Terrace

Q3 2013Q3 2014% Change
Number of Sales6656-15%
Average Price ($000)$518 $64424%
Average DOM51522%
Months of Inventory1.72.120%

Excelsior/Portola

Q3 2013Q3 2014% Change
Number of Sales6252-16%
Average Price ($000)$654 $76016%
Average DOM6829-58%
Months of Inventory1.41.827%
Number of Sales and Average Price are for only the stated quarter/year.
Average DOM and Months of Inventory are based on statistics for the last month of the stated quarter.
Source: TrendGraphix Jul-Sep 2014