SAN FRANCISCO REAL ESTATE

Q1 2021 vs Q1 2020, Selected Statistics

• Median house sales price up 6.5%
• Median 2-bedroom condo price down 8%
• Home sales volume up 60%
• Luxury house sales up 51%
• Luxury condo sales up 39%

April 2021 Report

Q1 is typically a slow quarter, its sales and sales prices mostly reflecting activity during the mid-winter holiday “doldrums”, as the market gradually wakes up in the new year. But business went crazy this past winter – sales peaked for the year in Q4 – and first-quarter activity was far higher than Q1 2020. 

Interest Rates, though still extremely low by historical standards have climbed 20% since their all-time low in January.

Within this report, market statistics on districts and neighborhoods follow the full-city analysis. 

Statistics are generalities, essentially summaries of disparate data generated by dozens, hundreds, or thousands of unique, individual sales. They are best seen not as precise measurements, but as broad, comparative indicators, with reasonable margins of error. Anomalous fluctuations in statistics are not uncommon, especially in smaller markets with fewer sales. Q1 2021 numbers are estimates using data available in early April. Late reported sales may alter these numbers. Data from sources deemed reliable but may contain errors and subject to revision. All numbers are approximate.