Luxury Home Market: San Francisco

April Market Analytics for the San Francisco Luxury Home Market

Homes of $2 Million & Above

The bar charts compare year-over-year data for the latest month. The line charts track monthly data over a period of 3 to 5 years. Note that it can take 7 to 15 days after a month’s end for agents to enter in transaction data pertinent to the month in question, so statistics can change as this data is added to calculations. 

Seasonality plays a significant role in luxury real estate statistics as the market ebbs and flows during active and less active sales seasons. Typically, the market is most active in the spring and fall, and much slower in the summer and, especially, the mid-winter holidays. 


Year over Year Inventory, By Type

 Inventory continues to go up, year over year for April.

Inventory continues to go up, year over year for April.


Year over Year Accepted Offer, By Type

 Accepted Offers in April 2016 have actually decreased year over year as compared to 2015. 

Accepted Offers in April 2016 have actually decreased year over year as compared to 2015. 


Number of Closed Sales, by Type

 For single family home sales, closing sales transactions remained steady year over year. For condos and lofts, year over year closings decreased by 5.5%. This follows suit with accepted offer data, which leads me to believe we will see similar closed sales data at the completion of May. 

For single family home sales, closing sales transactions remained steady year over year. For condos and lofts, year over year closings decreased by 5.5%. This follows suit with accepted offer data, which leads me to believe we will see similar closed sales data at the completion of May. 


Percent of Properties Sold Over Asking Price

 We are seeing a decrease in properties selling over the asking price, indicating a softening in the market and more negotiability for buyers. 

We are seeing a decrease in properties selling over the asking price, indicating a softening in the market and more negotiability for buyers. 


WHERE TO BUY: Luxury Property by Neighborhood

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