January 2025 Market Report

Dear Friends,

Happy New Year!

In 2024, San Francisco median house and condo sales prices increased year over year, though still running below the 2021-22 pandemic-boom highs. The numbers of new listings and sales rose from 2023, but volumes remained well below long-term norms.

Details follow within this report.

The year is just starting out, but personally I am seeing robust buyer activity. A recent 7 unit building got 5 offers, and went for over the asking price with an all-cash offer. Today I went to preview a property in the Richmond that has just been sitting without selling for the past few months, and there were not one but two other parties also viewing it, at 10 am on a Friday morning. There is definitely pent-up demand right now.

Any number of factors can de-rail the real estate market (did anyone feel the earthquake this morning?), but for the moment, it feels like it’s going to be a busy spring.

As always, feel free to give me a call for all things real estate or just to say hi!

Cheers,

Pota

Auto-updated market report links here:

• The SF condo and home market reports come out monthly.

  
  

• The SF 2-4 unit buildings and 5+ unit building reports come out quarterly.

  
  

• The links below update automatically and provide the most recent reports.

  
  

• Bookmark the links for easy access.

  
  

I recommend:

Clare Cleveland’s Body Movement Class

Clare Cleveland teaches a holistic body movement class 3x a week by zoom (recording also provided if you can’t make the actual class). It focuses on mobility of spine and joints, balance, and just generally makes me feel like I’m doing good things for my body : ). check out the sample of her class on the link to her website, below.

Pota Perimenis

DRE#: 01117624

M: 415.407.2595

[email protected]

Statistics are generalities, essentially summaries of widely disparate data generated by dozens, hundreds or thousands of unique, individual sales occurring within different time periods. 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, expensive market segments. Last period data should be considered estimates that may change with late-reported data. Different analytics programs sometimes define statistics – such as “active listings,” “days on market,” and “months supply of inventory” – differently: what is most meaningful are not specific calculations but the trends they illustrate. Most listing and sales data derives from the local or regional multi-listing service (MLS) of the area specified in the analysis, but not all listings or sales are reported to MLS and these won’t be reflected in the data. “Homes” signifies real-property, single-household housing units: houses, condos, co-ops, townhouses, duets and TICs (but not mobile homes), as applicable to each market. City/town names refer specifically to the named cities and towns, or their MLS areas, unless otherwise delineated. Multi­county metro areas will be specified as such. Data from sources deemed reliable, but may contain errors and subject to revision. All numbers to be considered approximate.

Many aspects of value cannot be adequately reflected in median and average statistics: curb appeal, age, condition, amenities, views, lot size, quality of outdoor space, “bonus” rooms, additional parking, quality of location within the neighborhood, and so on. How any of these statistics apply to any particular home is unknown without a specific comparative market analysis.