San Francisco Real Estate September 2024 Market Report

 

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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.

Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

0001Todd Wiley - Print © Bowerbird Photography 2016
CalBRE# 01410925

Todd Wiley

“What I’ve loved about having Todd as a realtor is that it’s not just about the current transaction, but it’s about the partnership he’s cultivated with me over time.” Zack B., Buyer and Seller

Headshot Compass
CalBRE# 01964194

Kim Wiley

“Kim's knowledge and network eventuated in getting a great deal on a fantastic place. She is extremely well-liked and connected in the San Francisco market and brought a calm, reassuring energy to every step of the process. We can't thank her enough for helping make a dream come true for us.” —Kristen G., Buyer

Peter Lee
CalBRE# 01492631

Peter Lee

Peter is a bay area native and 23-year San Francisco resident with a passion for client service, and attention to detail. He is a consummate professional and aims to make the home buying or selling process efficient as well as fun and enjoyable for all his clients.

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