November 2014 Monthly Snapshot One-Year Change in One-Year Change in Median Sales Price Single Family Median Sales Price Condo/TIC/Coop 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Current as of December 11, 2014. All data from the San Francisco MLS. Powered by 10K Research and Marketing. Condo/TIC/Coop Activity Overview Inventory of Active Listings % of Properties Sold Over List Price % of List Price Received Housing Affordability Ratio All Properties Activity Overview New Listings Pending Sales Sold Listings Median Sales Price Average Sales Price Days on Market Until Sale Activity by District Monthly Indicators + 20.2% + 24.1% + 21.7% One-Year Change in With 2015 near, some are pontificating about a potential change in interest rates. With virtually no inflation, rates will likely remain low for most of 2015 but could flirt with 5.0 percent toward the end of next year. Construction permits and housing starts have upward momentum, which is news in some areas but familiar in others. Prices should continue their ascent but at a tempered pace compared to recent years, which helps preserve affordability for first-time buyers. New Listings were down 35.7 percent for single family homes and 22.5 percent for Condo/TIC/Coop properties. Pending Sales decreased 7.6 percent for single family homes and 20.8 percent for Condo/TIC/Coop properties. The Median Sales Price was up 20.2 percent to $1,150,000 for single family homes and 24.1 percent to $1,025,000 for Condo/TIC/Coop properties. Months Supply of Inventory decreased 22.2 percent for single family units and 16.7 percent for Condo/TIC/Coop units. It has largely been another recovery year in 2014, yet mortgage credit and student debt remain obstacles even as the U.S. leads the global economy toward recovery. As this recovery matures, many metrics are approaching a healthy balancing point. Rates have remained much lower than most forecasters expected, and inventory levels finally started rising in most areas as sellers generally listed more properties as a result of stronger prices. Job growth should continue and wage growth is expected to pick up. Median Sales Price All Property Types Residential real estate activity in San Francisco County (Districts 1-10), comprised of single-family properties, townhomes and condominiums. Percent changes are calculated using rounded figures. Single Family Activity Overview Months Supply of Inventory
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November 2014 Monthly Snapshot
One-Year Change in One-Year Change inMedian Sales Price
Single FamilyMedian Sales Price Condo/TIC/Coop
23456789
10111213141516
Current as of December 11, 2014. All data from the San Francisco MLS. Powered by 10K Research and Marketing.
Condo/TIC/Coop Activity Overview
Inventory of Active Listings% of Properties Sold Over List Price% of List Price ReceivedHousing Affordability Ratio
All Properties Activity Overview
New ListingsPending SalesSold ListingsMedian Sales PriceAverage Sales PriceDays on Market Until Sale
Activity by District
Monthly Indicators
+ 20.2% + 24.1% + 21.7%One-Year Change inWith 2015 near, some are pontificating about a potential change in interest
rates. With virtually no inflation, rates will likely remain low for most of 2015 but could flirt with 5.0 percent toward the end of next year. Construction permits and housing starts have upward momentum, which is news in some areas but familiar in others. Prices should continue their ascent but at a tempered pace compared to recent years, which helps preserve affordability for first-time buyers.
New Listings were down 35.7 percent for single family homes and 22.5 percent for Condo/TIC/Coop properties. Pending Sales decreased 7.6 percent for single family homes and 20.8 percent for Condo/TIC/Coop properties.
The Median Sales Price was up 20.2 percent to $1,150,000 for single family homes and 24.1 percent to $1,025,000 for Condo/TIC/Coop properties. Months Supply of Inventory decreased 22.2 percent for single family units and 16.7 percent for Condo/TIC/Coop units.
It has largely been another recovery year in 2014, yet mortgage credit and student debt remain obstacles even as the U.S. leads the global economy toward recovery. As this recovery matures, many metrics are approaching a healthy balancing point. Rates have remained much lower than most forecasters expected, and inventory levels finally started rising in most areas as sellers generally listed more properties as a result of stronger prices. Job growth should continue and wage growth is expected to pick up.
Median Sales Price All Property Types
Residential real estate activity in San Francisco County (Districts 1-10), comprised of single-family properties, townhomes and condominiums. Percent changes are calculated using rounded figures.
Single Family Activity Overview
Months Supply of Inventory
Single Family Activity OverviewKey metrics by report month and for year-to-date (YTD) starting from the first of the year.
Historical Median Sales Price by Month* Median Sales Price for all properties from December 2013 through November 2014. This is not the average of the individual figures above.
Current as of December 11, 2014. All data from the San Francisco MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 7
Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.
Historical Average Sales Price by Month* Avg. Sales Price for all properties from December 2013 through November 2014. This is not the average of the individual figures above.
Current as of December 11, 2014. All data from the San Francisco MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 8
Average sales price for all closed sales, not accounting for seller concessions, in a given month.
Historical Days on Market Until Sale by Month* Days on Market for all properties from December 2013 through November 2014. This is not the average of the individual figures above.
Current as of December 11, 2014. All data from the San Francisco MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 9
Average number of days between when a property is listed and when an offer is accepted in a given month.
Historical Inventory of Active Listings by Month* A c tive L is tings fo r a ll p ro p erties fro m D ecem b er 2013 thro ugh N o vem b er 2014. Th is is no t the average o f the ind iv id ua l figures ab o ve.
C urrent as o f D ecem b er 11, 2014. A ll d ata fro m the S an F ranc isco M LS . P o wered b y 10K R esearch and M arketing . | C lick fo r C o ver P age | 10
The num b er o f p ro p erties availab le fo r sa le in ac tive s tatus at the end o f a g iven m o nth.
Historical % of Properties Sold Over List Price by Month* % of Properties Sold Over List Price for all properties from December 2013 through November 2014. This is not the average of the individual figures above.
Current as of December 11, 2014. All data from the San Francisco MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 11
Percentage found when dividing the number of properties sold by properties sold over its original list price, not accounting for seller concessions.
Historical % of List Price Received by Month* % of List Price Received for all properties from December 2013 through November 2014. This is not the average of the individual figures above.
Current as of December 11, 2014. All data from the San Francisco MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 12
Percentage found when dividing a property’s sales price by its most recent list price, then taking the average for all properties sold in a given month, not accounting for seller concessions.
Historical Housing Affordability Ratio by Month* Affordability Ratio for all properties from December 2013 through November 2014. This is not the average of the individual figures above.
Current as of December 11, 2014. All data from the San Francisco MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 13
This index measures housing affordability for the region. An index of 120 means the median household income is 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.
Historical Months Supply of Inventory by Month* Months Supply for all properties from December 2013 through November 2014. This is not the average of the individual figures above.
Current as of December 11, 2014. All data from the San Francisco MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 14
The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.
% of Properties Sold Over List Price 69.3% 73.5% + 6.1% 70.5%
51
73.8% + 4.7%
+ 1.9%
43 - 16.5%
109.5%% of List Price Received 106.7% 108.7% + 1.9% 107.5%
Current as of December 11, 2014. All data from the San Francisco MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 15
Months Supply 1.8 1.5 - 16.7% -- -- --
Affordability Ratio 50 41 - 18.1%
11-2011 11-2012 11-2013 11-2014
11-2011 11-2012 11-2013 11-2014
11-2011 11-2012 11-2013 11-2014
11-2011 11-2012 11-2013 11-2014
11-2011 11-2012 11-2013 11-2014
11-2011 11-2012 11-2013 11-2014
11-2011 11-2012 11-2013 11-2014
11-2011 11-2012 11-2013 11-2014
11-2011 11-2012 11-2013 11-2014
11-2011 11-2012 11-2013 11-2014
11-2011 11-2012 11-2013 11-2014
Activity by District
SF District 1: Northwest (Sea Cliff, Lake, Jordan Park / Laurel Heights, Outer Richmond, Central Richmond, Inner Richmond, Lone Mountain)
SF District 2: Central West (Outer Sunset, Central Sunset, Inner Sunset, Outer Parkside, Parkside, Inner Parkside, Golden Gate Heights)
SF District 3: Southwest (Pine Lake Park, Lake Shore, Merced Manor, Stonestown, Lakeside, Merced Heights, Ingleside, Ingleside Heights, Oceanview)
SF District 4: Twin Peaks W (Forest Hill (& Ext), W Portal, St Francis Wd, Balboa Terr, Mt Dav Manor, Ingleside Terr, Monterey Hts, Wstwd Pk & H'lnds, Shrwd Fst, Miraloma Pk, Dmnd Hts, Mdtwn Terr)
SF District 5: Central (Haight Ashbury, Cole Vly / Prnssus Hts, Clarndn Hts, Corona Hts, Twin Pks, Glen Pk, Noe Vly, Eureka Vly / Dolores Hts, Mission Dolores, Duboce Trngl, Buena Vista / Ashbury Hts)
SF District 6: Central North (Lower Pacific Heights, Anza Vista, Western Addition, North Panhandle, Alamo Square, Hayes Valley)
SF District 7: North (Marina, Cow Hollow, Presidio Heights, Pacific Heights)
SF District 8: Northeast (North Waterfront, North Beach, Russian Hill, Telegraph Hill, Nob Hill, Financial District / Barbary Coast, Downtown, Van Ness / Civic Center, Tenderloin)
SF District 9: Central East (Yerba Buena, South Beach, South of Market, Mission Bay, Inner Mission, Potrero Hill, Central Waterfront / Dogpatch, Bernal Heights)
SF District 10: Southeast (Outer Mission, Mission Terr, Excelsior, Portola, Bayview, Silver Terr, Hunters Pt, Candlestick Pt, Bayview Hts, Little Hollywood, Visitation Vly, Crocker Amazon)