San Francisco Real Estate February 2020

Market Overview: San Francisco Real Estate February 2020

The median list price for a single family home in San Francisco is $1,495,000 or $1,153 per square foot. There are 530 homes on the market, which is a 7% increase since just last month (January 2020).

This year, the Bay Area median home price is expected to remain basically flat, similar to last year, within a general range of 2% up or down. The 2020 economic outlook for the Bay Area is good, demand for homes is high, and low inventory levels will continue to push prices upward.

A total of 2,109 single-family homes sold in all of 2019. After a year of highs (Spring) and lows (Fall), 2019 ended relatively flat when compared to 2018.

2019 Highs and Lows

2900 Vallejo Street, Pacific Heights: The most expensive home sold in 2019, per MLS, fetched $27 million or a whopping $2,783 per square foot

1344 Thomas Avenue, Bay View: The least expensive home sold in May 2019 for $350,000, per MLS. This property resold just two months later, in July, for $575,000