What’s Happening in the Market? October Update

What's Happening In The Market?
October Update

Please note: this SFAR data is for September 2021

Nationwide, existing home sales were down slightly in August, falling 2% after two consecutive months of increases, according to the National Association of REALTORS®. The decline in existing home sales coincides with rising sales prices, which have continued to soar into fall, with the median sales price of existing homes up 14.9% compared to last year. Declining affordability has had a significant impact on homebuyers, many of whom have been priced out of the market and are choosing to wait for sales prices to ease before resuming their home search.

New Listings were down 14.6 percent for single family homes and 29.3 percent for Condo/TIC/Coop properties. Pending Sales increased 14.2 percent for single family homes and 8.8 percent for Condo/TIC/Coop properties.

The Median Sales Price was up 6.1 percent to $1,750,000 for single family homes and 3.8 percent to $1,220,000 for Condo/TIC/Coop properties. Months Supply of Inventory decreased 58.3 percent for single family units and 64.2 percent for Condo/TIC/Coop units.

There are signs the market may be shifting, however. New listings have continued to hit the market, bucking seasonality trends commonly seen in the fall, a time when listing and sales activity typically slows as children return to school. As inventory increases, competition for homes may soften, and could even bring a moderation in sales prices, which, after 114 months of year-over-year gains, would be music to the ears of homebuyers throughout the country.

San Francisco Condo/TIC/Coop Activity Overview
District 9: Central East Activity Overview
FOR THE FULL REPORT - CLICK HERE!

Sub-District 9 Statistics

Based on September SFARMLS month over month data.

OPEN HOUSES ARE BACK!
Please call me any time for information about the neighborhood or current market conditions. My successful marketing plan has been raising property values over the years. Let’s make it work for you too.

Read my testimonials:

 and 

ARDEN #506

Asking $1,849,000

www.Arden506.com
Showing by Appointment Per HOA CC&Rs

Description:
Southern Views
Bedrooms: 2 / Bathrooms: 2 +Den
Square Footage: 1364

View Listing

MUSEUM PARC #720

Asking $1,175,000

www.3003rdSt-720.com
Description:
City Views
Bedrooms: 2
Bathrooms: 2
Updated
Square Footage: ~1254

View Listing

MUSEUM PARC #1008

Available: Oct 27th
Call for details

Description:
Quiet Courtyard
Bedrooms: 1
Bathrooms: 1

View Listing

MUSEUM PARC #615

Available: Nov. 1st
Call for details

Description:
Quiet Courtyard
Bedrooms: 1
Bathrooms: 1

View Listing

MUSEUM PARC #602

Available: Nov. 15th
Call for details

Description:
Total Remodel
City Views
Bedrooms: 2
Bathrooms: 2

View Listing
255 Berry St #416
Available Now
Asking $4,500
Description:
Courtyard Views
Bedrooms: 2
Bathrooms: 2
Parking Available
Close to CalTrain
On Mission Creek
View Listing
Just Sold:

ARDEN #1204

JUST SOLD

$2,175,000
Price / SqFt : $1,479

ARDEN #1001

JUST SOLD

$1,726,000
Price / SqFt: $1,398

MUSEUM PARC #404

JUST SOLD

$719,000