San Francisco Real Estate 2020
Our friends at Compass compiled dozens of in-depth graphs and charts into a revealing report on San Francisco real estate in 2020.
In this post, we’re sharing their incredible work as a supplement to our San Francisco 2020 Real Estate Market: Year-End Review. Together, these resources provide a comprehensive and granular view of what really went down in San Francisco real estate in 2020.
If you’re data-driven like so many of us here in San Francisco, you’re in for a treat!
2020 San Francisco Market Overview
By Patrick Carlisle, Compass Chief Market Analyst, San Francisco Bay Area | bayareamarketreports.com
Pandemic, shelter in place, mass unemployment, terrible financial hardships for many households and small businesses, new ways of working, office buildings empty, people move, rents plunge, dreadful fires, an anxious presidential election, interest rates to historic lows, stock markets to new highs, billionaires decamp to save taxes, IPO mania breaks out again, vaccines begin to arrive — and the real estate market in San Francisco saw complicated dynamics in supply and demand, with a strong recovery after an initial crash in activity. 2020: a year of extremes.
Quick background and disclaimer:
Many factors affect home values: quality of location within the city, architectural style and curb appeal, square footage, condition, views, amenities, extra rooms, parking, decks and yards, privacy, lot size, and so on. There is a vast variety of homes within the city, and how median sales prices apply to any particular property is unknown without a specific market analysis.
Median sales price is that price at which half the sales occurred for more and half for less. It is a very general statistic that often disguises a wide range of prices in the underlying individual sales. Median sales prices are often affected by factors besides changes in fair market value. Based upon sales reported to MLS — not all sales are reported. Data sources deemed reliable, but may contain errors and subject to revision. All numbers are approximate. Late reported sales may alter numbers, though typically only to a slight degree.
San Francisco Real Estate Year-Over-Year Comparisons, 2016–2020
San Francisco Home Price Appreciation, 1993–Present
San Francisco Median House Price Changes Since 1994
San Francisco Median Condo Price Changes Since 1994
San Francisco Home Sales Trends
San Francisco 2020 Home Sales by Price Segment & Bedroom Count
Active Listings on Market, Monthly Inventory Comparison 2020 vs 2019
Listings Accepting Offers (Going into Contract), 2020 vs 2019
Home Sales by Month Since 2018, Dynamics & Seasonality
San Francisco 2020 House Sales by Neighborhood
San Francisco 2020 Condo/Co-op/TIC Sales by Neighborhood
Median House Sales Price Trends Since 2012, Selected MLS Districts
Median Condo Sales Price Trends Since 2012, Selected MLS Districts
San Francisco Luxury Home Sales Since 2005
San Francisco Higher-Price Home Sales ($3 Million+), 2012–2020
Average Sales Price to Original List Price (SP/OLP) Percentage Since 2014
Months Supply of Inventory Since 2005
Listings Expired or Withdrawn (No Sale), 2014–2020
Bay Area Median Home Sales Price Changes by County, 2019–2020
Compass is a real estate broker licensed by the State of California, DRE 01527235. Equal Housing Opportunity. This report has been prepared solely for information purposes. The information herein is based on or derived from information generally available to the public and/or from sources believed to be reliable. No representation or warranty can be given with respect to the accuracy or completeness of the information. Compass disclaims any and all liability relating to this report, including without limitation any express or implied representations or warranties for statements contained in, and omissions from, the report. Nothing contained herein is intended to be or should be read as any regulatory, legal, tax, accounting or other advice and Compass does not provide such advice. All opinions are subject to change without notice. Compass makes no representation regarding the accuracy of any statements regarding any references to the laws, statutes or regulations of any state are those of the author(s). Past performance is no guarantee of future results.