Zephyr Real Estate Home Sales Report: Are Properties Selling and For How Much?

This week Zephyr Real Estate, San Francisco’s largest independent real estate brokerage, reported the following sales data:

Weekly Home Sales Data Of All Houses, Condos, TICs, Lofts, and 2–4 Unit buildings Sold:

Weekly Home Sales Data Of All Houses, Condos, TICs, Lofts, and 2–4 Unit buildings Sold:

• 32% received multiple offers
• 53% sold for over the list price
• 42% sold for under the list price
• 5% sold for the asking price

Hmmm, just over half of properties sold for over the asking price and just under half sold for less. About a third of homes for sale received multiple offers.

Looks like the market is holding steady. And it looks like well-priced homes that show well are selling quickly.

Usually, if a house receives multiple offers, you can assume that it sold quickly (i.e. 30 days or less).

What’s the market like? It depends on your neighborhood and specific type of home. As you can see, there is no hard and fast rule.

What’s your experience of the real estate market? Does this data surprise you? Have a question about San Francisco real estate? We welcome your questions and comments!