We are officially in what I call the San Francisco holiday home stretch. This means new inventory will be declining as we head toward the end of 2021. Bottom line? Inventory is down by almost half from this time last year. Homes have been going steadily into contract, and I’m expecting buyers and sellers to wrap things up with some heavy negotiating over the next few weeks.
To help you sort through the inventory, here’s a look at what’s out there:
Number available: 185
Number available at this time in 2020: 345
Median list price: $2,295,000
Avge days on market (DOM): 77
Where the inventory is: Bernal Heights, Noe Valley, Outer Parkside, Pacific Heights
The scoop: There isn’t a large concentration of homes in any one neighborhood, though Noe and Pacific Heights are home to many multi-million dollar houses that are sitting on the market. 57 of the 185 active listings are priced at $4M+. And this year’s active listing inventory is way down compared to the same time in 2020.
Number available: 516
Number available at this time in 2020: 992
Median list price: $1,150,000
Avge DOM: 77
Where the inventory is: Hayes Valley, Downtown, Van Ness Corridor, Dogpatch, Mission, Mission Bay, Nob Hill, Noe Valley, Pacific Heights, Potrero, South Beach, SoMa, Yerba Buena
Worth noting: If you’ve been dreaming about owning a South Beach, SoMa, or Yerba Buena condo, now’s the time to get real. These neighborhoods have a ton of condos available and you can expect to get more for your money in terms of amenities like in-unit laundry, parking and more square footage.
Number available: 66
Number available at this time in 2020: 140
Median list price: $1,195,000
Avge DOM: 71
Where the inventory is: Mission, Nob Hill, Telegraph Hill
Worth noting: The Mission is the clear hot spot for TIC offerings, with 15 units available. If you’re looking for a one-bedroom with a private garage and sweeping views of The Bay and downtown, 288 Union Street #3 has you covered if you can extend your budget to its $2,495,000 list price.