For a snapshot of the local San Francisco real estate market, I like to report the weekly sales data from my company, Zephyr Real Estate. Zephyr is San Francisco’s largest, independent Brokerage. We have offices in Noe Valley, West Portal, Pacific Heights, Potrero Hill, and the Castro or Upper Market.
This week of all the reported home sales, I compiled the following statistics:
- 41% of homes sold for the list price
- 45% of home sold for more than the list price
- 14% of homes sold for less than the list price
- 32% of homes received multiple offers
Whether you are a home buyer or home seller, there are ways to work this system.