2021: November San Francisco Real Estate Insider

As we enter the second week of November, the market has changed. If you are in buy mode (or just watching the market from the sidelines) you likely noticed that inventory has significantly tapered downward since late-October. This is more a result of the slowdown in new listings versus an increase in sales activity. But, supply is still fairly high compared to recent pre-pandemic Novembers. 

For reference, as of this report there are 28 available single family homes in the Richmond (D1), 35 homes in D7 (Pac/Presidio Heights, Marina & Cow Hollow), 31 homes in D9 neighborhoods (Potrero, Bernal, Inner Mission) and 36 in D2 (Sunset). I’d expect to see the majority of those houses withdrawn and return to market in the spring. The balance of the homes will be opportunities for buyers.

The median price trend for houses continues to move upward. Of course, different neighborhoods and specific home characteristics dictate value, but the charts below should provide a snapshot into the price of entry into certain neighborhoods.

For a full San Francisco neighborhood median price map, click on a neighborhood below (+) and you can see the median value.

In the market for a condo, or curious of the value of your condo? In general, condo price trends are still going up. Condos in neighborhoods and smaller buildings are in demand. Condos on the south side of town as well as condos in large buildings are still stagnant. For buyers in the greater-SOMA market, you have a lot of opportunity to get a good value as supply is still very high. 

Below are the median condo price trends.

What about seasonality and the luxury market? The chart below speaks volumes for the COVID-effect on the luxury market.