A Peek at the Condo Market
COVID-19 Impact on Condominium Sales in San Francisco by the Numbers
San Francisco's housing market is always interesting to watch but during this time of unrest it is full of surprises. In June the record was set for the highest median sale price ever for single-family homes, a record-breaking $1,805,000. Let's look at the condo market!

We've heard a lot of buzz over the past few weeks about San Francisco's condo market turning in favor of buyers and it is true that the condo market has been weaker than the single-family-house market. The quantity of condos, TICs, and lofts that have sold year to date is 31% below 2019 levels. The median price for condos in June was $1,200,000, down 8% from last year.

In this newsletter, we highlight the numbers for each of the city's ten real estate districts and provide a picture of what is currently going on. Please see below for individual results by district.

Notwithstanding the impact of COVID-19, there are opportunities for savvy investors in San Francisco. How does the current market impact your property? My team and I are available to discuss your real estate goals.

Be well,
415.336.7077

PS. If you received a message from Alignable with my name, please disregard. It's spam!
COVID-19 Impact on the SF Condo Market: Median Price YTD compared to 2019
Scroll down for a complete list of neighborhoods and their corresponding district numbers
The chart on the right shows the median price for a condominium in each real estate district of San Francisco. It compares prices from March 1, 2020 - June 30, 2020 to the same period in 2019.

UP
Median condo prices are up by 17% in District 8, up 5% in District 1, and 2% higher in District 5.

DOWN
The median price for condos is just 1 - 2% lower in Districts 6, 7, and 10. Districts 2 and 4 are showing declines of 14% and 20%. Districts 3 and 9 are down by approximately 5%.
Covid-19 Impact on Median Price, San Francisco
COVID-19 Impact on the SF Condo Market: Inventory Sold YTD compared to 2019
The chart on the right shows the number of condos/TIC/lofts sold in each district, comparing YTD 2020 to the same period in 2019.

UP
District 2 is the only area where with an increase, and it is just one unit above last year.

Down
Every district, with the exception of District 2, is down significantly, from 19% in District 7 to as low as 56% in District 3.
San Francisco Real Estate Neighborhoods and Districts:

District 1: Richmond, Jordan Park, Lake Street, Sea Cliff, Lone Mountain

District 2: Golden Gate Heights, Sunset, Parkside

District 3: Ingleside, Lake Shore, Lakeside, Merced, Oceanview, Pine Lake Park, Stonestown

District 4: Balboa Terrace, Diamond Heights, Forest Hill, Forest Knolls, Ingleside Terrace, Midtown Terrace, St. Francis Wood, Miraloma Park, Forest Hill Extension, Sherwood Forest, Monterey Heights, Mount Davidson Manor, Westwood Highlands, Westwood Park, Sunnyside

District 5: Glen Park, Haight Ashbury, Noe Valley, Twin Peaks, Cole Valley/Parnassus Heights, Buena Vista/Ashbury Heights, Corona Heights, Clarendon Heights, Duboce Triangle, Eureka Valley/Dolores Heights, Mission Dolores

District 6: Anza Vista, Hayes Valley, Lower Pacific Heights, Western Addition, Alamo Square, North Panhandle

District 7: Marina, Pacific Heights, Presidio Heights, Cow Hollow

District 8: Downtown, Financial District/Barbary Coast, Nob Hill, North Beach, Russian Hill, Van Ness/Civic Center, Telegraph Hill, North Waterfront, Tenderloin

District 9: Bernal Heights, Inner Mission, Mission Bay, Potrero Hill, South of Market, Yerba Buena, South Beach, Central Waterfront/Dogpatch

District 10: Bayview, Crocker Amazon, Excelsior, Outer Mission, Visitacion Valley, Portola, Silver Terrace, Mission Terrace, Hunters Point, Bayview Heights, Candlestick Point, Little Hollywood
Anne Laury SF | C o ldwell Banker Global Luxury
415.336.7077 email: annedlaury@gmail.com