Post on 12-Nov-2014
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November 2013 Monthly Snapshot
One-Year Change in One-Year Change inMedian Sales Price
Single FamilyMedian Sales Price Condo/TIC/Coop
2
Monthly Indicators
+ 20.4% + 6.5% + 13.1%One-Year Change in
November was largely another encouraging month for residential real estate. Our attention has shifted from multiyear high prices and sales volumes to seller activity, inventory levels and building permits. And let's not forget the calendar effect. As families gather together, fewer house hunters are scheduling showings and writing offers. Watch for month-to-month activity to moderate while year-over-year comparisons remain strong.
New Listings were down 13 3 percent for single family homes and 13 7 percent
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 23456789
10111213141516
New Listings were down 13.3 percent for single family homes and 13.7 percent for Condo/TIC/Coop properties. Pending Sales decreased 15.5 percent for single family homes and 0.7 percent for Condo/TIC/Coop properties.
The Median Sales Price was up 20.4 percent to $975,000 for single family homes and 6.5 percent to $825,500 for Condo/TIC/Coop properties. Months Supply of Inventory decreased 20.0 percent for single family units and 30.4 percent for Condo/TIC/Coop units.
Recent economic and jobs data have surprised to the upside by exceeding expectations. This likely keeps the new Federal Reserve leadership on track for March 2014 tapering. Non-farm payrolls grew by 204,000 jobs in October, outperforming Wall Street expectations. In another bullish sign, August payrolls were revised upward to a 238,000 job gain – positive momentum that should support housing recovery. Just in time for the holidays.
Single Family Activity Overview
Months Supply of Inventory
Current as of December 11, 2013. 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
Single Family Activity OverviewKey metrics by report month and for year-to-date (YTD) starting from the first of the year.
Key Metrics Historical Sparkbars 11-2012 11-2013 Percent Change YTD 2012 YTD 2013 Percent Change
Average Sales Price $1,114,319 $1,314,983 + 18.0% $1,080,061 $1,289,732
Median Sales Price $810,000 $975,000 + 20.4% $755,000
Sold Listings 272 231 - 15.1% 2,424
New Listings 181 157 - 13.3% 2,870
Pending Sales 252 213 - 15.5% - 1.1%2,481 2,454
- 0.6%2,853
2,419 - 0.2%
$915,000 + 21.2%
+ 19.4%
11-2010 11-2011 11-2012 11-2013
11-2010 11-2011 11-2012 11-2013
11-2010 11-2011 11-2012 11-2013
11-2010 11-2011 11-2012 11-2013
Current as of December 11, 2013. All data from the San Francisco MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 2
Months Supply 2.0 1.6 - 20.0% -- -- --
Affordability Ratio 67 55 - 17.9%
% of List Price Received 106.4% 108.8% + 2.3% 104.4%
71
77.1% + 30.5%
+ 5.5%
58 - 18.3%
110.1%
% of Properties Sold Over List Price 66.5% 77.9% + 17.1% 59.1%
Active Listings 441 342 - 22.4% --
Days on Market 42 34 - 19.0% 53 36 - 32.1%
-- --
11-2010 11-2011 11-2012 11-2013
11-2010 11-2011 11-2012 11-2013
11-2010 11-2011 11-2012 11-2013
11-2010 11-2011 11-2012 11-2013
11-2010 11-2011 11-2012 11-2013
11-2010 11-2011 11-2012 11-2013
11-2010 11-2011 11-2012 11-2013
Condo/TIC/Coop Activity OverviewKey metrics by report month and for year-to-date (YTD) starting from the first of the year.
Key Metrics Historical Sparkbars 11-2012 11-2013 Percent Change YTD 2012 YTD 2013 Percent Change
Average Sales Price $970,414 $968,281 - 0.2% $815,886
$825,000 + 16.2%
+ 17.3%$956,733
Sold Listings 270 276 + 2.2% 2,914 3,072 + 5.4%
Median Sales Price $775,000 $825,500 + 6.5% $710,000
+ 7.7%
Pending Sales 271 269 - 0.7% 2,951 3,150 + 6.7%
New Listings 211 182 - 13.7% 3,476 3,74211-2010 11-2011 11-2012 11-2013
11-2010 11-2011 11-2012 11-2013
11-2010 11-2011 11-2012 11-2013
11-2010 11-2011 11-2012 11-2013
Current as of December 11, 2013. All data from the San Francisco MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 3
Months Supply 2.3 1.6 - 30.4% -- -- --
Affordability Ratio 70 64 - 8.6%
% of List Price Received 102.5% 105.1% + 2.5% 101.5%
76
65.4% + 43.7%
+ 3.9%
64 - 15.8%
105.5%
% of Properties Sold Over List Price 54.4% 62.0% + 14.0% 45.5%
Active Listings 602 445 - 26.1% --
Days on Market 51 41 - 19.6% 62 41 - 33.9%
-- --
11-2010 11-2011 11-2012 11-2013
11-2010 11-2011 11-2012 11-2013
11-2010 11-2011 11-2012 11-2013
11-2010 11-2011 11-2012 11-2013
11-2010 11-2011 11-2012 11-2013
11-2010 11-2011 11-2012 11-2013
11-2010 11-2011 11-2012 11-2013
New Listings
New ListingsSingleFamily
Year-Over-YearChange
Condo/TIC/Coop
Year-Over-YearChange
Dec-2012 102 -12.8% 114 +2.7%
Jan-2013 204 -17.7% 308 +1.3%
Feb-2013 211 -18.2% 316 +2.9%
Mar-2013 254 -12.4% 369 +12.5%
Apr-2013 302 +15.3% 396 +15.1%
May-2013 339 +30.9% 383 +2.4%
Jun-2013 292 +12.7% 357 +6.9%
Jul-2013 258 +1.2% 330 +22.7%
Aug-2013 270 +6.3% 340 +8.6%
Sep-2013 295 -6.9% 444 +14.7%
Oct-2013 271 -5.6% 317 +3.9%
Nov-2013 157 -13.3% 182 -13.7%
12-Month Avg 246 -1.1% 321 +7.5%
A count of the properties that have been newly listed on the market in a given month.
148 155
181
211
157
182
November
3,242
3,708
2,870
3,476
2,853
3,742
Year to Date
2011 2012 2013
- 13 7%+ 36 1%13 3%+ 22 3% 6 3%0 6%11 5% + 7 7%
2011 2012 2013 2011 2012 2013 2011 2012 2013
24 9% 8 9% 16 6%- 31 7%12 Month Avg 246 1.1% 321 +7.5%
Historical New Listings by Month
Current as of December 11, 2013. All data from the San Francisco MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 4
Single Family Condo/TIC/Coop
0
100
200
300
400
500
600
700
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013
Single Family Condo/TIC/Coop
Single Family Condo/TIC/Coop
2011 2012 2013
- 13.7%+ 36.1%- 13.3%+ 22.3% - 6.3%- 0.6%- 11.5% + 7.7%
2011 2012 2013 2011 2012 2013 2011 2012 2013
- 24.9% - 8.9% - 16.6%- 31.7%
Pending Sales
Pending SalesSingleFamily
Year-Over-YearChange
Condo/TIC/Coop
Year-Over-YearChange
Dec-2012 170 -1.7% 203 +23.0%
Jan-2013 158 -7.1% 174 +6.7%
Feb-2013 149 -21.6% 217 -0.9%
Mar-2013 207 -10.0% 302 +8.6%
Apr-2013 242 +3.0% 309 -3.4%
May-2013 269 +10.2% 360 +13.9%
Jun-2013 276 +16.5% 290 -7.6%
Jul-2013 250 +10.6% 332 +16.1%
Aug-2013 230 +1.8% 302 +4.5%
Sep-2013 212 +15.2% 254 +16.5%
Oct-2013 248 -13.6% 341 +23.1%
Nov-2013 213 -15.5% 269 -0.7%
12-Month Avg 219 -1.1% 279 +7.6%
A count of the properties on which offers have been accepted in a given month.
218 223
252271
213
269
November
2,311 2,4112,481
2,951
2,454
3,150
Year to Date
2011 2012 2013
- 0 7%+ 21 5%15 5%+ 15 6% + 22 4%1 1%+ 7 4% + 6 7%
2011 2012 2013 2011 2012 2013 2011 2012 2013
+ 10 1% + 7 6% + 11 6%+ 36 8%12 Month Avg 219 1.1% 279 +7.6%
Historical Pending Sales by Month
Current as of December 11, 2013. All data from the San Francisco MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 5
Single Family Condo/TIC/Coop
0
100
200
300
400
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013
Single Family Condo/TIC/Coop
Single Family Condo/TIC/Coop
2011 2012 2013
- 0.7%+ 21.5%- 15.5%+ 15.6% + 22.4%- 1.1%+ 7.4% + 6.7%
2011 2012 2013 2011 2012 2013 2011 2012 2013
+ 10.1% + 7.6% + 11.6%+ 36.8%
Sold Listings
Sold ListingsSingleFamily
Year-Over-YearChange
Condo/TIC/Coop
Year-Over-YearChange
Dec-2012 208 -10.0% 251 +26.1%
Jan-2013 161 +23.8% 155 -3.7%
Feb-2013 129 -29.1% 195 +7.7%
Mar-2013 207 -7.2% 282 +6.0%
Apr-2013 222 +0.5% 303 +2.7%
May-2013 250 +5.9% 380 +27.1%
Jun-2013 271 +1.1% 277 -18.5%
Jul-2013 276 +27.2% 341 +23.6%
Aug-2013 236 -2.1% 302 -6.5%
Sep-2013 185 +3.4% 229 +0.4%
Oct-2013 251 -1.6% 332 +20.7%
Nov-2013 231 -15.1% 276 +2.2%
12-Month Avg 219 -1.1% 277 +6.7%
A count of the actual sales that closed in a given month.
233
208
272 270
231
276
November
2,2442,3692,424
2,914
2,419
3,072
Year to Date
2011 2012 2013
+ 2 2%+ 29 8%15 1%+ 16 7% + 23 0%0 2%+ 8 0% + 5 4%
2011 2012 2013 2011 2012 2013 2011 2012 2013
+ 26 6% + 6 8% + 11 0%+ 30 0%12 Month Avg 219 1.1% 277 +6.7%
Historical Sold Listings by Month
Current as of December 11, 2013. All data from the San Francisco MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 6
Single Family Condo/TIC/Coop
0
100
200
300
400
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013
Single Family Condo/TIC/Coop
Single Family Condo/TIC/Coop
2011 2012 2013
+ 2.2%+ 29.8%- 15.1%+ 16.7% + 23.0%- 0.2%+ 8.0% + 5.4%
2011 2012 2013 2011 2012 2013 2011 2012 2013
+ 26.6% + 6.8% + 11.0%+ 30.0%
Median Sales Price
Median Sales PriceSingleFamily
Year-Over-YearChange
Condo/TIC/Coop
Year-Over-YearChange
Dec-2012 $836,250 +37.1% $699,000 +11.8%
Jan-2013 $745,000 +17.3% $765,000 +26.4%
Feb-2013 $800,500 +26.1% $750,000 +15.6%
Mar-2013 $920,000 +29.0% $822,500 +31.1%
Apr-2013 $1,000,000 +31.6% $845,250 +19.9%
May-2013 $1,022,772 +31.5% $830,000 +18.6%
Jun-2013 $940,000 +20.5% $780,000 +9.5%
Jul-2013 $875,000 +13.9% $850,000 +23.2%
Aug-2013 $941,500 +23.1% $810,000 +11.7%
Sep-2013 $930,000 +28.3% $826,000 +6.4%
Oct-2013 $911,945 +9.9% $864,000 +13.7%
Nov-2013 $975,000 +20.4% $825,500 +6.5%
12-Month Avg* $910,000 +21.4% $816,195 +16.6%
Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.
$675,000
$612,500
$810,000$775,000
$975,000
$825,500
November
$698,000
$629,000
$755,000$710,000
$915,000
$825,000
Year to Date
2011 2012 2013
+ 6 5%+ 26 5%+ 20 4%+ 20 0% + 12 9%+ 21 2%+ 8 2% + 16 2%
2011 2012 2013 2011 2012 2013 2011 2012 2013
10 6% 6 9% 3 2%- 9 9%12 Month Avg $910,000 +21.4% $816,195 +16.6%
Historical Median Sales Price by Month* Median Sales Price for all properties from December 2012 through November 2013. This is not the average of the individual figures above.
Current as of December 11, 2013. All data from the San Francisco MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 7
Single Family Condo/TIC/Coop
$500,000
$600,000
$700,000
$800,000
$900,000
$1,000,000
$1,100,000
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013
Single Family Condo/TIC/Coop
Single Family Condo/TIC/Coop
2011 2012 2013
+ 6.5%+ 26.5%+ 20.4%+ 20.0% + 12.9%+ 21.2%+ 8.2% + 16.2%
2011 2012 2013 2011 2012 2013 2011 2012 2013
- 10.6% - 6.9% - 3.2%- 9.9%
Average Sales Price
Average Sales Price
SingleFamily
Year-Over-YearChange
Condo/TIC/Coop
Year-Over-YearChange
Dec-2012 $1,388,972 +68.9% $855,315 +3.6%
Jan-2013 $910,358 +15.4% $836,342 +17.6%
Feb-2013 $1,166,453 +7.4% $874,966 +18.3%
Mar-2013 $1,365,029 +44.4% $953,615 +29.0%
Apr-2013 $1,362,627 +28.7% $975,623 +28.3%
May-2013 $1,498,161 +32.9% $980,113 +21.3%
Jun-2013 $1,198,063 +3.3% $930,338 +12.9%
Jul-2013 $1,285,314 +8.8% $1,018,542 +30.7%
Aug-2013 $1,307,808 +32.1% $929,239 +15.3%
Sep-2013 $1,245,303 +33.0% $941,430 +4.8%
Oct-2013 $1,358,388 +4.8% $1,004,118 +13.0%
Nov-2013 $1,314,983 +18.0% $968,281 -0.2%
12-Month Avg* $1,297,595 +22.7% $949,073 +16.2%
Average sales price for all closed sales, not accounting for seller concessions, in a given month.
$1,097,006
$784,291
$1,114,319
$970,414
$1,314,983
$968,281
November
$961,356
$735,070
$1,080,061
$815,886
$1,289,732
$956,733
Year to Date
2011 2012 2013
- 0 2%+ 23 7%+ 18 0%+ 1 6% + 11 0%+ 19 4%+ 12 3% + 17 3%
2011 2012 2013 2011 2012 2013 2011 2012 2013
+ 8 5% 3 3% 0 5%+ 0 2%12 Month Avg $1,297,595 +22.7% $949,073 +16.2%
Historical Average Sales Price by Month* Average Sales Price for all properties from December 2012 through November 2013. This is not the average of the individual figures above.
Current as of December 11, 2013. All data from the San Francisco MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 8
Single Family Condo/TIC/Coop
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
$1,600,000
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013
Single Family Condo/TIC/Coop
Single Family Condo/TIC/Coop
2011 2012 2013
- 0.2%+ 23.7%+ 18.0%+ 1.6% + 11.0%+ 19.4%+ 12.3% + 17.3%
2011 2012 2013 2011 2012 2013 2011 2012 2013
+ 8.5% - 3.3% - 0.5%+ 0.2%
Days on Market Until Sale
Days on MarketSingleFamily
Year-Over-YearChange
Condo/TIC/Coop
Year-Over-YearChange
Dec-2012 48 -23.8% 61 -28.2%
Jan-2013 49 -39.5% 64 -34.0%
Feb-2013 41 -34.9% 49 -47.9%
Mar-2013 39 -39.1% 42 -37.3%
Apr-2013 35 -35.2% 41 -41.4%
May-2013 31 -34.0% 36 -36.8%
Jun-2013 35 -40.7% 38 -33.3%
Jul-2013 33 -29.8% 39 -33.9%
Aug-2013 39 -20.4% 38 -29.6%
Sep-2013 30 -34.8% 37 -28.8%
Oct-2013 34 -24.4% 38 -30.9%
Nov-2013 34 -19.0% 41 -19.6%
12-Month Avg* 37 -31.9% 42 -33.9%
Average number of days between when a property is listed and when an offer is accepted in a given month.
57
82
42
51
34
41
November
63
80
53
62
3641
Year to Date
2011 2012 2013
19 6%- 37 8%19 0%26 3% 22 5%32 1%15 9% 33 9%
2011 2012 2013 2011 2012 2013 2011 2012 2013
3 4% + 10 5% + 3 9%+ 3 8%12 Month Avg 37 31.9% 42 33.9%
Historical Days on Market Until Sale by Month* Days on Market for all properties from December 2012 through November 2013. This is not the average of the individual figures above.
Current as of December 11, 2013. All data from the San Francisco MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 9
Single Family Condo/TIC/Coop
20
40
60
80
100
120
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013
Single Family Condo/TIC/Coop
Single Family Condo/TIC/Coop
2011 2012 2013
- 19.6%- 37.8%- 19.0%- 26.3% - 22.5%- 32.1%- 15.9% - 33.9%
2011 2012 2013 2011 2012 2013 2011 2012 2013
- 3.4% + 10.5% + 3.9%+ 3.8%
Inventory of Active Listings
Active ListingsSingleFamily
Year-Over-YearChange
Condo/TIC/Coop
Year-Over-YearChange
Dec-2012 315 -36.5% 410 -35.3%
Jan-2013 334 -37.6% 498 -31.0%
Feb-2013 377 -33.6% 573 -26.3%
Mar-2013 402 -31.6% 611 -19.8%
Apr-2013 440 -24.4% 656 -11.8%
May-2013 478 -13.4% 634 -16.1%
Jun-2013 461 -11.9% 647 -10.4%
Jul-2013 445 -12.4% 598 -10.9%
Aug-2013 451 -10.3% 570 -9.7%
Sep-2013 482 -19.4% 688 -8.5%
Oct-2013 456 -16.3% 595 -16.9%
Nov-2013 342 -22.4% 445 -26.1%
12-Month Avg* 415 -22.6% 577 -18.4%
The number of properties available for sale in active status at the end of a given month.
670
859
441
602
342
445
November
2011 2012 201326 1%29 9%22 4%34 2%
2011 2012 2013
23 7% 30 0%12 Month Avg 415 22.6% 577 18.4%
Historical Inventory of Active Listings by Month* Active Listings for all properties from December 2012 through November 2013. This is not the average of the individual figures above.
Current as of December 11, 2013. All data from the San Francisco MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 10
Single Family Condo/TIC/Coop
200
400
600
800
1,000
1,200
1,400
1,600
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013
Single Family Condo/TIC/Coop
2011 2012 2013- 26.1%- 29.9%- 22.4%- 34.2%
2011 2012 2013
- 23.7% - 30.0%
% of Properties Sold Over List Price
% of Properties Sold Over List Price
SingleFamily
Year-Over-YearChange
Condo/TIC/Coop
Year-Over-YearChange
Dec-2012 61.5% +65.3% 46.2% +95.8%
Jan-2013 64.0% +103.2% 39.4% +62.8%
Feb-2013 72.7% +78.6% 54.9% +71.6%
Mar-2013 74.9% +61.4% 63.1% +52.4%
Apr-2013 79.7% +29.6% 67.3% +77.1%
May-2013 78.4% +34.0% 67.6% +41.4%
Jun-2013 80.4% +24.5% 71.8% +49.0%
Jul-2013 78.3% +24.1% 73.3% +71.3%
Aug-2013 75.4% +14.2% 66.2% +45.5%
Sep-2013 78.9% +14.8% 68.6% +29.2%
Oct-2013 80.8% +23.4% 67.8% +11.7%
Nov-2013 77.9% +17.1% 62.0% +14.0%
12-Month Avg 75.9% +32.7% 63.9% +45.0%
Percentage found when dividing the number of properties sold by properties sold over its original list price, not accounting for seller concessions.
48.1%
28.4%
66.5%
54.4%
77.9%
62.0%
November
39.8%
23.4%
59.1%
45.5%
77.1%
65.4%
Year to Date
2011 2012 2013
+ 14 0%+ 91 5%+ 17 1%+ 38 3% + 94 4%+ 30 5%+ 48 5% + 43 7%
2011 2012 2013 2011 2012 2013 2011 2012 2013
+ 24 6% 12 5% + 2 2%+ 33 3%12 Month Avg 75.9% +32.7% 63.9% +45.0%
Historical % of Properties Sold Over List Price by Month* % of Properties Sold Over List Price for all properties from December 2012 through November 2013. This is not the average of the individual figures above.
Current as of December 11, 2013. All data from the San Francisco MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 11
Single Family Condo/TIC/Coop
0.0%
20.0%
40.0%
60.0%
80.0%
100.0%
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013
Single Family Condo/TIC/Coop
Single Family Condo/TIC/Coop
2011 2012 2013
+ 14.0%+ 91.5%+ 17.1%+ 38.3% + 94.4%+ 30.5%+ 48.5% + 43.7%
2011 2012 2013 2011 2012 2013 2011 2012 2013
+ 24.6% - 12.5% + 2.2%+ 33.3%
% of List Price Received
% of List Price Received
SingleFamily
Year-Over-YearChange
Condo/TIC/Coop
Year-Over-YearChange
Dec-2012 104.7% +4.0% 101.6% +3.3%
Jan-2013 106.1% +6.7% 101.2% +2.5%
Feb-2013 108.4% +8.0% 103.8% +4.3%
Mar-2013 109.9% +8.0% 104.9% +4.2%
Apr-2013 111.7% +7.8% 105.7% +4.9%
May-2013 111.4% +6.2% 105.9% +3.9%
Jun-2013 112.4% +7.3% 107.0% +5.5%
Jul-2013 109.7% +4.0% 106.8% +5.1%
Aug-2013 110.4% +4.3% 105.5% +3.4%
Sep-2013 109.9% +2.8% 105.8% +3.5%
Oct-2013 110.4% +4.9% 105.6% +1.9%
Nov-2013 108.8% +2.3% 105.1% +2.5%
12-Month Avg* 109.7% +5.5% 105.2% +3.8%
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.
101.0% 98.6%106.4%
102.5%108.8%
105.1%
November
100.1% 98.3%104.4% 101.5%
110.1%105.5%
Year to Date
2011 2012 2013
2 5%4 0%2 3%5 3%
2011 2012 2013
1 5% 0 7%2011 2012 2013
+ 3 9%3 3%5 5%4 3%
2011 2012 2013
0 7% 0 1%12 Month Avg 109.7% +5.5% 105.2% +3.8%
Historical % of List Price Received by Month* % of List Price Received for all properties from December 2012 through November 2013. This is not the average of the individual figures above.
Current as of December 11, 2013. All data from the San Francisco MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 12
Single Family Condo/TIC/Coop Single Family Condo/TIC/Coop
95.0%
100.0%
105.0%
110.0%
115.0%
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013
Single Family Condo/TIC/Coop
2011 2012 2013
+ 2.5%+ 4.0%+ 2.3%+ 5.3%
2011 2012 2013
+ 1.5% + 0.7%2011 2012 2013
+ 3.9%+ 3.3%+ 5.5%+ 4.3%
2011 2012 2013
- 0.7% - 0.1%
Housing Affordability Ratio
Affordability RatioSingleFamily
Year-Over-YearChange
Condo/TIC/Coop
Year-Over-YearChange
Dec-2012 66 -19.5% 78 -2.5%
Jan-2013 74 -6.3% 72 -13.3%
Feb-2013 67 -16.3% 71 -9.0%
Mar-2013 59 -16.9% 65 -18.8%
Apr-2013 55 -19.1% 65 -11.0%
May-2013 52 -22.4% 63 -14.9%
Jun-2013 53 -20.9% 63 -13.7%
Jul-2013 57 -17.4% 58 -24.7%
Aug-2013 52 -24.6% 60 -17.8%
Sep-2013 54 -27.0% 60 -14.3%
Oct-2013 55 -15.4% 58 -18.3%
Nov-2013 55 -17.9% 64 -8.6%
12-Month Avg* 58 -23.0% 71 -14.6%
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.
74
81
6770
55
64
November
2011 2012 2013
8 6%13 6%17 9%9 5%
2011 2012 2013
15 6% + 15 7%
72
79
7176
5864
Year to Date
2011 2012 2013
15 8%3 8%18 3%1 4%2011 2012 2013
12 5% + 8 2%12 Month Avg 58 23.0% 71 14.6%
Historical Housing Affordability Ratio by Month* Affordability Ratio for all properties from December 2012 through November 2013. This is not the average of the individual figures above.
Current as of December 11, 2013. All data from the San Francisco MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 13
Single Family Condo/TIC/Coop
30
40
50
60
70
80
90
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013
Single Family Condo/TIC/Coop
2011 2012 2013
- 8.6%- 13.6%- 17.9%- 9.5%
2011 2012 2013
+ 15.6% + 15.7%
Single Family Condo/TIC/Coop
2011 2012 2013
- 15.8%- 3.8%- 18.3%- 1.4%2011 2012 2013
+ 12.5% + 8.2%
Months Supply of Inventory
Months SupplySingleFamily
Year-Over-YearChange
Condo/TIC/Coop
Year-Over-YearChange
Dec-2012 1.4 -41.7% 1.6 -46.7%
Jan-2013 1.5 -42.3% 1.9 -44.1%
Feb-2013 1.7 -37.0% 2.2 -38.9%
Mar-2013 1.9 -32.1% 2.3 -34.3%
Apr-2013 2.0 -25.9% 2.5 -24.2%
May-2013 2.2 -15.4% 2.4 -27.3%
Jun-2013 2.1 -16.0% 2.4 -22.6%
Jul-2013 2.0 -16.7% 2.2 -21.4%
Aug-2013 2.0 -13.0% 2.1 -19.2%
Sep-2013 2.1 -25.0% 2.5 -16.7%
Oct-2013 2.1 -16.0% 2.1 -25.0%
Nov-2013 1.6 -20.0% 1.6 -30.4%
12-Month Avg* 1.9 -25.1% 2.1 -29.5%
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.
3.2
4.0
2.02.3
1.6 1.6
November
2011 2012 201330 4%42 5%20 0%37 5%
2011 2012 2013
28 9% 36 5%12 Month Avg 1.9 25.1% 2.1 29.5%
Historical Months Supply of Inventory by Month* Months Supply for all properties from December 2012 through November 2013. This is not the average of the individual figures above.
Current as of December 11, 2013. All data from the San Francisco MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 14
Single Family Condo/TIC/Coop
0.0
2.0
4.0
6.0
8.0
10.0
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013
Single Family Condo/TIC/Coop
2011 2012 2013- 30.4%- 42.5%- 20.0%- 37.5%
2011 2012 2013
- 28.9% - 36.5%
All Properties Activity OverviewKey metrics by report month and for year-to-date (YTD) starting from the first of the year.
Key Metrics Historical Sparkbars 11-2012 11-2013 Percent Change YTD 2012 YTD 2013 Percent Change
Average Sales Price $1,042,632 $1,126,246 + 8.0% $935,821
$853,000 + 16.7%
+ 17.9%$1,103,364
Sold Listings 542 507 - 6.5% 5,338 5,491 + 2.9%
Median Sales Price $800,000 $905,000 + 13.1% $731,000
+ 3.9%
Pending Sales 523 482 - 7.8% 5,432 5,604 + 3.2%
New Listings 392 339 - 13.5% 6,346 6,59511-2010 11-2011 11-2012 11-2013
11-2010 11-2011 11-2012 11-2013
11-2010 11-2011 11-2012 11-2013
11-2010 11-2011 11-2012 11-2013
Current as of December 11, 2013. All data from the San Francisco MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 15
Months Supply 2.2 1.6 - 27.3% -- -- --
Affordability Ratio 53 48 - 9.4%
% of List Price Received 104.4% 106.8% + 2.3% 102.8%
58
70.6% + 36.6%
+ 4.6%
49 - 16.7%
107.5%
% of Properties Sold Over List Price 60.5% 69.2% + 14.4% 51.7%
Active Listings 1,043 787 - 24.5% --
Days on Market 47 38 - 19.1% 58 38 - 34.5%
-- --
11-2010 11-2011 11-2012 11-2013
11-2010 11-2011 11-2012 11-2013
11-2010 11-2011 11-2012 11-2013
11-2010 11-2011 11-2012 11-2013
11-2010 11-2011 11-2012 11-2013
11-2010 11-2011 11-2012 11-2013
11-2010 11-2011 11-2012 11-2013
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)
11-2012 11-2013 + / – 11-2012 11-2013 + / – 11-2012 11-2013 + / – 11-2012 11-2013 + / – 11-2012 11-2013 + / –
Single Family
1 SF District 1 42 28 -33.3% 23 20 -13.0% $1,280,888 $1,372,500 +7.2% 45 33 -27.3% 2.3 1.5 -33.9%
Key metrics by report month for the districts of San Fransisco.
Active Listings Sold Listings Median Sales Price Days on Market Months Supply
2 SF District 2 58 54 -6.9% 45 48 +6.7% $806,500 $872,500 +8.2% 41 41 +1.5% 1.7 1.4 -18.4%
3 SF District 3 27 33 +22.2% 24 14 -41.7% $685,000 $702,000 +2.5% 39 47 +21.1% 1.6 2.3 +43.9%
4 SF District 4 50 43 -14.0% 49 31 -36.7% $950,000 $1,055,000 +11.1% 39 28 -27.6% 1.7 1.6 -5.2%
5 SF District 5 52 39 -25.0% 81 33 -59.3% $1,485,000 $1,550,000 +4.4% 38 37 -3.2% 1.6 1.2 -24.2%
6 SF District 6 11 11 0.0% 26 6 -76.9% $1,245,000 $2,177,500 +74.9% 35 14 -61.0% 2.6 3.0 +16.9%
7 SF District 7 33 20 -39.4% 48 10 -79.2% $2,981,250 $3,688,000 +23.7% 72 28 -61.8% 3.2 1.7 -47.2%
8 SF District 8 10 5 -50.0% 45 0 -100.0% $1,874,000 $0 -100.0% 43 0 -100.0% 3.7 2.5 -31.8%
9 SF District 9 44 22 -50.0% 115 25 -78.3% $790,500 $1,285,000 +62.6% 31 24 -21.2% 2.4 0.9 -61.1%
10 SF District 10 114 87 -23.7% 69 44 -36.2% $526,500 $607,650 +15.4% 44 34 -23.7% 2.1 1.9 -11.6%
Condo/TIC/Coop
1 SF District 1 29 28 -3.4% 17 15 -11.8% $825,000 $780,000 -5.5% 40 41 +1.2% 2.1 2.2 +5.3%
2 SF District 2 6 6 0.0% 5 7 +40.0% $725,000 $589,922 -18.6% 24 50 +103.2% 1.1 1.4 +26.9%
3 SF District 3 6 5 -16.7% 3 2 -33.3% $280,000 $495,000 +76.8% 68 17 -75.9% 1.7 1.8 +3.5%
4 SF District 4 14 5 -64.3% 3 8 +166.7% $487,000 $497,500 +2.2% 47 56 +19.4% 3.1 1.0 -68.4%
5 SF District 5 73 45 -38.4% 40 41 +2.5% $822,000 $975,000 +18.6% 43 37 -13.8% 2.0 1.0 -47.3%
6 SF District 6 55 57 +3.6% 24 25 +4.2% $725,500 $826,000 +13.9% 39 29 -25.1% 2.1 2.0 -5.3%
7 SF District 7 74 37 -50.0% 36 32 -11.1% $995,000 $1,200,000 +20.6% 70 46 -34.8% 2.7 1.1 -57.6%
8 SF District 8 113 100 -11.5% 43 37 -14.0% $745,000 $650,000 -12.8% 55 44 -19.8% 2.3 2.2 -4.9%
9 SF District 9 202 146 -27.7% 95 105 +10.5% $760,000 $830,000 +9.2% 52 41 -22.0% 2.4 1.5 -37.0%
10 SF District 10 30 16 -46.7% 4 4 0.0% $413,000 $314,701 -23.8% 50 68 +37.2% 4.3 2.4 -43.3%
Current as of December 11, 2013. All data from the San Francisco MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 16Current as of December 11, 2013. All data from the San Francisco MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 16