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Q2 market update 2020 – Covid-19 impact on real estate market

By July 26, 2020 No Comments

SAN FRANCISCO
At a Glance – Q2 2020

MEDIAN SALE PRICE

$1,805,000

June set the highest median sale price ever for single-family homes, a record-breaking $1,805,000

NUMBER OF CLOSED SALES IN JUNE

420

The number of listings pending (in contract) soared from April to June 2020. After a dramatic pause in April when only 159 listings went into contract, pending listings in May shot up 83% to 291, then rose another 44% in June, reaching 420.

NEW LISTINGS

+8%

New listings jumped dramatically from April to May, rising 87% from 346 to 650. June then declined slightly compared to May, but notably more listings launched in June 2020 (561) than in the same month of 2019 (520).

VIEW FULL UPDATE

 

Just Listed: Russian Hill Top Floor Condo

A charming top floor Russian Hill condo in a classic and elegant 2 unit building. Luxury upgrades include Viking S/S appliances, Quartz Countertops, recently updated baths with marble floors and marble shower surround. Features Hardwood floors throughout, plantation shutters and designer finishes. In unit laundry, living room with fireplace and beautiful period crown moldings in DR. Two bedrooms are located at back overlooking a quiet serene garden. A fantastic location nr SF’s most famous landmarks, Aquatic Park, Fort Mason, Ghirardelli Sq, Fisherman’s Wharf, Hyde St. Pier, Cable Car, BV Cafe & Fine Restaurants; North Beach, Cow Hollow, Marina with walk score 94 & transportation 92. Enjoy the luxury and comfort of your home with a garden to plant your herbs and flowers. Garage is spacious with independent parking s/s, very large storage room and a common laundry room for bigger wash loads. Don’t miss this bright and spacious condo by the Bay. Lots of value in this competitively priced condo: Asking $1,599,000 www.967Bay.com

More information on the Sothebys website along with a virtual tour at:

https://967bay.com/?utm_campaign=san-francisco-market-update-template-q2-2020-(quick-send)&utm_content=property-website-for-a-virtual-tour&utm_medium=email&utm_source=activepipe

Silvana Messing
Sales Associate
01141928
silvana.messing@sothebyshomes.com
415.305.8702 | https://www.silvanamessing.com