December 2013 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 January 14, 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 + 15.3% + 10.2% + 11.0% One-Year Change in In its entirety, 2013 proved to be a good year for housing. Home sales and prices were broadly higher across the nation, while foreclosure loads, the number of homes for sale and the number of days it took to sell a home were all much lower. Multiple-offer situations became commonplace again and prices in many areas rallied to multi-year highs.Here in San Francisco, the proverbial glass remained more than half full throughout the year. New Listings were down 7.8 percent for single family homes and 22.8 percent for Condo/TIC/Coop properties. Pending Sales remained flat for single family homes but decreased 4.9 percent for Condo/TIC/Coop properties. The Median Sales Price was up 15.3 percent to $962,500 for single family homes and 10.2 percent to $770,000 for Condo/TIC/Coop properties. Months Supply of Inventory decreased 28.6 percent for single family units and 43.8 percent for Condo/TIC/Coop units. Housing is fortified by confident consumers and good jobs. The year 2013 was marked by a slowly improving labor market stunted by political gridlock, and the Federal Reserve's long-awaited taper announcement was not surprising. Interest rates remain low (but upwardly mobile), prices are still affordable, the employment picture looks decent and the stock market is up nearly 30.0 percent from this time last year. It's no wonder that buyers were active in 2013. Here's to more of the same in 2014. 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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December 2013 Monthly Snapshot
One-Year Change in One-Year Change inMedian Sales Price
Single FamilyMedian Sales Price Condo/TIC/Coop
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10111213141516
Current as of January 14, 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
+ 15.3% + 10.2% + 11.0%One-Year Change inIn its entirety, 2013 proved to be a good year for housing. Home sales and
prices were broadly higher across the nation, while foreclosure loads, the number of homes for sale and the number of days it took to sell a home were all much lower. Multiple-offer situations became commonplace again and prices in many areas rallied to multi-year highs.Here in San Francisco, the proverbial glass remained more than half full throughout the year.
New Listings were down 7.8 percent for single family homes and 22.8 percent for Condo/TIC/Coop properties. Pending Sales remained flat for single family homes but decreased 4.9 percent for Condo/TIC/Coop properties.
The Median Sales Price was up 15.3 percent to $962,500 for single family homes and 10.2 percent to $770,000 for Condo/TIC/Coop properties. Months Supply of Inventory decreased 28.6 percent for single family units and 43.8 percent for Condo/TIC/Coop units.
Housing is fortified by confident consumers and good jobs. The year 2013 was marked by a slowly improving labor market stunted by political gridlock, and the Federal Reserve's long-awaited taper announcement was not surprising. Interest rates remain low (but upwardly mobile), prices are still affordable, the employment picture looks decent and the stock market is up nearly 30.0 percent from this time last year. It's no wonder that buyers were active in 2013. Here's to more of the same in 2014.
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 January 2013 through December 2013. This is not the average of the individual figures above.
Current as of January 14, 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* Average Sales Price for all properties from January 2013 through December 2013. This is not the average of the individual figures above.
Current as of January 14, 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 January 2013 through December 2013. This is not the average of the individual figures above.
Current as of January 14, 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* Active Listings for all properties from January 2013 through December 2013. This is not the average of the individual figures above.
Current as of January 14, 2014. All data from the San Francisco MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 10
The number of properties available for sale in active status at the end of a given month.
Historical % of Properties Sold Over List Price by Month* % of Properties Sold Over List Price for all properties from January 2013 through December 2013. This is not the average of the individual figures above.
Current as of January 14, 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 January 2013 through December 2013. This is not the average of the individual figures above.
Current as of January 14, 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 January 2013 through December 2013. This is not the average of the individual figures above.
Current as of January 14, 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 January 2013 through December 2013. This is not the average of the individual figures above.
Current as of January 14, 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.
Average Sales Price $1,096,066 $1,183,963 + 8.0% $948,537
Active Listings 725 485 - 33.1% --
% of Properties Sold Over List Price 53.3% 59.7% + 12.0% 51.8%
59
69.8% + 34.7%
+ 4.4%
45 - 23.8%
107.3%% of List Price Received 103.0% 105.1% + 2.0% 102.8%
Current as of January 14, 2014. All data from the San Francisco MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 15
Months Supply 1.5 1.0 - 33.3% -- -- --
Affordability Ratio 51 42 - 17.7%
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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)
