San Francisco County Housing Market Report February 2016

February 2016 is a Seller's market! The number of for sale listings was up 9.5% from one year earlier and up 35.3% from the previous month.

The number of sold listings decreased 16.7% year over year and decreased 1% month over month. The number of under contract listings was up

56.3% compared to the previous month and down 0.7% compared to the previous year. The Months of Inventory based on Closed Sales is 1.9, up

27.1% from the previous year.

The Average Sold Price per Square Footage was up 2.2% compared to the previous month and up 1.2% compared to last year. The Median Sold

Price increased by 22.6% from last month. The Average Sold Price also increased by 9.5% from last month. Based on the 6 month trend, the

Average Sold Price trend is "Neutral" and the Median Sold Price trend is "Neutral".

The Average Days on Market showed a neutral trend, an increase of 10.8% compared to the previous year. The ratio of Sold Price vs. Original

List Price is 108%, a decrease of 2.7% compared to the previous year.

Robert Cruz SAN FRANCISCO COUNTYPublished: March 2016*

Property Types: Single Family Homes

Price Range: $0 - No Limit SQFT Range: 0 - No Limit

Year Built: 1900 - No Limit

It is a Seller's Market

Property Sales (Sold)February property sales were 95, down 16.7% from 114 in February of2015 and 1% lower than the 96 sales last month.

Current Inventory (For Sale)Versus last year, the total number of homes available this month ishigher by 16 units of 9.5%. This year's bigger inventory means thatbuyers who waited to buy may have bigger selection to choose from.The number of current inventory is up 35.3% compared to the previousmonth.

Property Under Contract (Pended)There was an increase of 56.3% in the pended properties in February,with 136 properties versus 87 last month. This month's pended propertysales were 0.7% lower than at this time last year.

All reports are published March 2016, based on data available at the end of February 2016, except for the today stats. All reports presented are based on data supplied by MLSListings, San Francisco MLS, BAREIS, Contra Costa Association of Realtors and BayEast Association of Realtors or their MLSs. Neither the Association nor its MLS guarantees or is in anyway responsible for their accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed

reliable but not guaranteed.





The Average Sold Price per Square Footage is Neutral*The Average Sold Price per Square Footage is a great indicator for thedirection of property values. Since Median Sold Price and Average SoldPrice can be impacted by the 'mix' of high or low end properties in themarket, the Average Sold Price per Square Footage is a morenormalized indicator on the direction of property values. The February2016 Average Sold Price per Square Footage of $838 was up 2.2%from $820 last month and up 1.2% from $828 in February of last year.

* Based on 6 month trend – Appreciating/Depreciating/Neutral

The Days on Market Shows Neutral Trend*The average Days on Market (DOM) shows how many days theaverage property is on the market before it sells. An upward trend inDOM trends to indicate a move towards more of a Buyer’s market, adownward trend indicates a move towards more of a Seller’s market.The DOM for February 2016 was 41, down 2.4% from 42 days lastmonth and up 10.8% from 37 days in February of last year.

The Sold/List Price Ratio Remains Steady**The Sold Price vs. List Price reveals the average amount that sellersare agreeing to come down from their list price. The lower the ratio isbelow 100% the more of a Buyer’s market exists, a ratio at or above100% indicates more of a Seller’s market. This month Sold Price vs.List Price of 109% is up 1.9% % from last month and down from 1.8%% in February of last year.

* Based on 6 month trend – Upward/Downward/Neutral

** Based on 6 month trend – Rising/Falling/Remains Steady







The Average For Sale Price is Neutral*The Average For Sale Price in February was $2,062,000, up 1.9% from$2,023,000 in February of 2015 and up 8.4% from $1,902,000 lastmonth.

The Average Sold Price is Neutral*The Average Sold Price in February was $1,623,000, up 7.7% from$1,507,000 in February of 2015 and up 9.5% from $1,482,000 lastmonth.

The Median Sold Price is Neutral*The Median Sold Price in February was $1,410,000, up 28.2% from$1,100,000 in February of 2015 and up 22.6% from $1,150,000 lastmonth.

* Based on 6 month trend – Appreciating/Depreciating/Neutral

It is a Seller's Market*

A comparatively lower Months of Inventory is more beneficial for sellerswhile a higher months of inventory is better for buyers.

*Buyer’s market: more than 6 months of inventory

Seller’s market: less than 3 months of inventory

Neutral market: 3 – 6 months of inventory

Months of Inventory based on Closed SalesThe February 2016 Months of Inventory based on Closed Sales of 1.9was increased by 27.1% compared to last year and up 35.3%compared to last month. February 2016 is Seller's market.

Months of Inventory based on Pended SalesThe February 2016 Months of Inventory based on Pended Sales of 1.4was increased by 16.3% compared to last year and down 12.8%compared to last month. February 2016 is Seller's market.







It is a Seller's Market*

Absorption Rate measures the inverse of Months of Inventory andrepresents how much of the current active listings (as a percentage) arebeing absorbed each month.

*Buyer’s market: 16.67% and below

Seller’s market: 33.33% and above

Neutral market: 16.67% - 33.33%

Absorption Rate based on Closed SalesThe February 2016 Absorption Rate based on Closed Sales of 51.6was decreased by 24% compared to last year and down 26.9%compared to last month.

Absorption Rate based on Pended SalesThe February 2016 Absorption Rate based on Pended Sales of 73.9was decreased by 9.3% compared to last year and up 15.5% comparedto last month.



Real Estate

San Francisco County Housing Market Report February 2016