1. If you are planning on selling your property,
call me for a free comparative market
analysis.
The median sales price for single-family,
re-sale was up 8.6% in August from July.
It was down 1.6% year-over-year.
The average sales price for single-family,
re-sale homes was up 6.6% month-over-
month. Year-over-year, it was up 0.6%.
Sales of single-family, re-sale homes fell
25.1% year-over-year. There were 137
homes sold in San Francisco last month.
The average since 2000 is 214.
The median sales price for condos/lofts
was up 9.5% year-over-year.
The average sales price was up 9% year-
over-year.
Sales of condos/lofts fell 37.7% year-over-
year. There were 144 condos/lofts sold
last month. The average since 2000 is
230.
The sales price to list price ratio, or what
buyers are paying over what sellers are
asking, fell from 105.2% to 105% for
homes. The ratio for condos/townhomes
fell from 99.4% to 98.6%.
Average days on market, or the time from
when a property is listed to when it goes
into contract, was 31 for homes and 59
for condos/lofts.
Sales momentum…
for homes fell from –42.2 to –42.4. Sales
momentum for condos/lofts was down 2.5
points to –68.2.
Pricing momentum…
for single-family homes
rose 1.2 points to
–16.8. Pricing
momentum for
condos/lofts rose 1.9
points to –8.
Our momentum
statistics are based on
12-month moving
averages to eliminate
monthly and seasonal
variations.
Sotheby's International Realty
117 Greenwich Street
San Francisco, CA 94111
Cell: (415) 819-2663
AnnieWilliamsSF@gmail.com
http://www.anniewilliamshomes.com
Annie Williams
ANNIE WILLIAMS | ANNIEWILLIAMSSF@GMAIL.COM | HTTP://WWW.ANNIEWILLIAMSHOMES.COM
Prices Mixed, Sales Continue to Drop
Local Market Trends September 2023
San Francisco
Aug 23 Month % Jul 23 Year % Aug 22
Median Price: 1,575,000
$ 8.6% 1,450,000
$ -1.6% 1,600,000
$
Average Price: 1,951,150
$ 6.6% 1,830,962
$ 0.6% 1,938,756
$
Home Sales: 137 -9.3% 151 -25.1% 183
Sale/List Price Ratio: 105.0% -0.2% 105.2% -1.4% 106.5%
Days on Market: 31 24.0% 25 24.0% 25
(Condominiums)
Aug 23 Month % Jul 23 Year % Aug 22
Median Price: 1,105,750
$ -3.4% 1,145,000
$ 9.5% 1,010,000
$
Average Price: 1,229,808
$ 0.6% 1,222,515
$ 9.0% 1,128,539
$
Condo Sales: 144 -10.0% 160 -37.7% 231
Sale/List Price Ratio: 98.6% -0.8% 99.4% -1.8% 100.4%
Days on Market: 59 11.3% 53 15.7% 51
Trends at a Glance
(Single-family Homes)
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San Francisco Homes: Days on Market
© 2023 rereport.com

2. Sep 1, 2023 -- Just as Memorial Day is the
unofficial start of summer, Labor Day is its
unofficial end. Technically, summer doesn't
start for about three weeks after the last
Monday in May and doesn't end until about
three weeks until after the first Monday in
September, but regardless of hard dates or
definitions, it's generally agreed that the
end is somewhere around now.
After investor concerns and disagreements
over the summer as to whether the Federal
Reserve is or isn't done raising interest
rates, the most recent sets of inflation and
labor market data are starting to suggest
that we may be at least at an unofficial end
of rate hikes. Now, that's not to say that
interest rates will soon be lowered, or that
there's a zero chance of another quarter-
point hike yet to come. Even in September,
it's not uncommon to have a heat wave as
the season shifts, but no one would sug-
gest that the inevitable end of summer was
somehow suspended. In the same way, we
may yet see less favorable readings on in-
flation or an unexpected bump in hiring, but
it's starting to feel as though a slowing trend
for the economy may be sufficient to see
the Fed turn to a more sustained pause.
Outlays for construction projects expanded
smartly in July, rising 0.7%. With housing
starts powering higher, spending on resi-
dential projects rose by 1.4% for the period,
a third consecutive solid gain. This was
joined by a 0.5% increase in spending on
non-residential projects, rebounding after a
like-sized decline in June, but not by public-
works projects, which retreated by 0.4%,
the first decline in government-backed
spending since May 2022. With plenty of
infrastructure repairs and improvements
needed, the dip in spending for this seg-
ment is probably just a one-time downward
blip.
We know that new residential construction
has been supported by a lack of houses
available to buy in the existing home mar-
ket. That perhaps makes it a little surprising
that the Pending Home Sales Index from
the National Association of Realtors man-
aged a positive mark for July, rising by
0.9%, a second consecutive monthly in-
(Continued on page 4)
ANNIE WILLIAMS
SOTHEBY'S INTERNATIONAL REALTY
ANNIEWILLIAMSSF@GMAIL.COM
2 Local Market Trends | San Francisco |
The Unofficial End?
The chart above shows the National monthly
average for 30-year fixed rate mortgages as
compiled by http://www.freddiemac.com/.
September 2023
1.0% 3.0% 5.0% 7.0% 9.0%
01-10
07-10
01-11
07-11
01-12
07-12
01-13
07-13
01-14
07-14
01-15
07-15
01-16
07-16
01-17
07-17
01-18
07-18
01-19
07-19
01-20
07-20
01-21
07-21
01-22
07-22
01-23
30-Year Fixed Mortgage Rates
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San Francisco Homes: Sold Prices & Unit Sales
(3-month moving average — $000's)
Ave Med Units © 2023 rereport.com
Unit
Median Average Sales DOM SP/LP Median Average Sales Median Average Sales
San Francisco $1,575,000 $1,951,150 137 31 105.0% -1.6% 0.6% -25.1% 8.6% 6.6% -9.3%
D1: Northwest $2,000,000 $2,410,818 11 13 100.7% 3.5% -3.8% 10.0% 0.0% 23.6% 0.0%
D2: Central West $1,556,500 $1,640,085 34 29 109.3% -1.0% -1.7% -5.6% 4.4% 6.6% 0.0%
D3: Southwest $1,104,000 $1,207,714 7 23 110.4% -20.5% -14.7% -61.1% -12.7% -8.2% -41.7%
D4: Twin Peaks $1,700,000 $1,849,471 17 30 103.7% -9.3% -7.6% -34.6% -11.7% -12.5% -15.0%
D5: Central $2,250,000 $2,421,833 15 55 101.2% -25.6% -21.0% -44.4% -16.1% -6.0% -16.7%
D6: Central North $3,250,000 $3,225,000 4 41 102.0% 66.5% 41.4% 0.0% n/a n/a n/a
D7: North $5,250,000 $5,107,286 7 58 101.8% 56.7% 46.2% 16.7% 0.0% -22.3% 75.0%
D8: Northeast $0 $0 0 0 0.0% n/a n/a n/a n/a n/a n/a
D9: Central East $1,575,000 $1,842,767 15 23 107.9% -5.1% 0.7% -11.8% 6.8% 11.4% 7.1%
D10: Southeast $1,200,600 $1,182,424 25 20 108.8% 6.7% 1.4% -39.0% 4.2% 1.4% -30.6%
August Sales Statistics
(Single-family Homes)
Prices Yearly Change Monthly Change

3. Table Definitions
_______________
Median Price
The price at which 50% of prices
were higher and 50% were lower.
Average Price
Add all prices and divide by the
number of sales.
SP/LP
Sales price to list price ratio or the
price paid for the property divided
by the asking price.
DOI
Days of Inventory, or how many
days it would take to sell all the
property for sale at the current rate
of sales.
Pend
Property under contract to sell that
hasn’t closed escrow.
Inven
Number pf properties actively for
sale as of the last day of the month.
Local Market Trends | San Francisco | 3
September 2023
ANNIE WILLIAMS
SOTHEBY'S INTERNATIONAL REALTY
ANNIEWILLIAMSSF@GMAIL.COM
80.0%
85.0%
90.0%
95.0%
100.0%
105.0%
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San Francisco Homes: Sales Price to List Price Ratio
© 2023 rereport.com
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San Francisco Homes: Sales Momentum
Sales Pricing © 2023 rereport.com
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San Francisco Condos: Sold Prices & Unit Sales
(3-month moving average — $000's)
Ave Med Units © 2023 rereport.com
Unit
Median Average Sales DOM SP/LP Median Average Sales Median Average Sales
San Francisco $1,105,750 $1,229,808 144 59 98.6% 9.5% 9.0% -37.7% -3.4% 0.6% -10.0%
D1: Northwest $1,390,000 $1,528,125 8 25 103.7% 14.4% 22.0% -27.3% -0.7% 6.7% -11.1%
D2: Central West $687,896 $687,896 2 51 99.3% -14.5% -21.2% -33.3% n/a n/a n/a
D3: Southwest $1,465,000 $1,465,000 1 16 97.7% 14.0% 14.0% -50.0% 139.9% 139.9% -50.0%
D4: Twin Peaks $535,000 $580,689 4 38 99.1% -33.1% -27.4% 300.0% -23.8% -17.3% 100.0%
D5: Central $1,475,000 $1,388,163 25 43 100.0% 8.1% 6.1% -26.5% 18.2% 10.5% -10.7%
D6: Central North $1,300,000 $1,217,038 17 50 100.0% 14.8% 2.4% -50.0% 36.8% 24.1% 0.0%
D7: North $1,400,000 $1,817,333 12 54 96.7% 16.7% 35.4% -47.8% -11.4% 3.8% -33.3%
D8: Northeast $1,032,500 $1,106,391 24 66 99.6% 22.9% 11.3% -38.5% -13.8% -16.0% -33.3%
D9: Central East $850,444 $1,131,305 46 75 96.2% -8.6% 3.0% -33.3% -6.0% 8.9% 0.0%
D10: Southeast $818,000 $781,724 5 79 99.2% 31.9% 13.6% -54.5% 7.7% 2.9% 150.0%
August Sales Statistics
(Condos/TICs/Co-ops/Lofts)
Prices Yearly Change Monthly Change

4. San Francisco
This Real Estate Report is published and copyrighted by http://rereport.com.
Information contained herein is deemed accurate and correct, but no warranty is implied or given.
Annie Williams
Sotheby's International Realty
117 Greenwich Street
San Francisco, CA 94111
Go online to see the full report with the district by district breakdown: https://rereport.com/sf/aw/
crease. That said, the PHSI is still 14%
below year-ago levels. although that's a
bit better than it was in June. If they make
it to closing, this measure of contracts
signed to purchase should provide a little
support for existing home sales for August
or perhaps September, but conditions for
buyers certainly didn't improve much in
August, what with mortgage rates kicking
to 22-year highs. Such an increase in cost
likely means that somewhat more
buyers had no choice buy to re-
scind offers as affordability de-
clined further during the month.
Despite rates at multi-decade
highs, at least some folks came
out to seek mortgage credit. In the
week ending August 25, applica-
tions for mortgages rose by 2.3%,
according to the Mortgage Bank-
ers Association. Requests for
funds to buy homes rose by 2%;
those to refinance existing loans
rose by 2.5%. Of course, with
market activity very subdued over-
all, it doesn't take much to move
the needle by percentage points,
as relatively few additional appli-
(Continued from page 2) cations can have an outsized impact. Still,
it's good to see that consumers can and
will respond despite high-rate conditions.
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Condos 1,131 1,614 1,775 2,139 2,150 2,139 1,947 1,824 1,878 2,075 1,910 1,455 2,908 2,226 1,408
Homes 1,284 1,573 1,598 1,714 1,843 1,534 1,699 1,621 1,462 1,454 1,420 1,178 1,874 1,615 1,175
0
1,000
2,000
3,000
4,000
5,000
6,000
Property Sales
(Year-to-Date)
© 2021 rereport.com