- Home sales in San Francisco rose in December 2020 compared to the previous year, with single-family home sales up 52.6% and condo/loft sales up 59.7%. However, sales declined from November 2020. - The median sales price of single-family homes rose 9.1% year-over-year to $1,582,000, while the median price of condos/lofts fell 8.2% to $1,100,000. - Mortgage rates remained historically low throughout 2020, falling below 3% at some points, fueling increased homebuyer demand and refinance activity despite economic uncertainties caused by the COVID-19 pandemic.

1. averages to eliminate monthly and
seasonal variations.
If you are planning on selling your property,
call me for a free comparative market
analysis.
Sales of single-family, re-sale homes
rose again in December, gaining 52.6%
year-over-year. They were up 3.5% from
November. There were 267 homes sold in
San Francisco last month. The average
since 2000 is 214.
For the year, home sales were up 2.8%.
Condo sales were down 3.3%.
The average sales price for homes rose
7.3% year-over-year.
The median sales price for single-family,
re-sale homes rose 9.1% year-over-year.
The median sales price for condos/lofts
was down 8.2% year-over-year.
The average sales price was up 1.9%
year-over-year.
Sales of condos/lofts rose 59.7% year-
over-year. There were 345 condos/lofts
sold last month.
The sales price to list price ratio, or what
buyers are paying over what sellers are
asking, fell from 103.4% to 102.3 % for
homes. The ratio for condos/townhomes
fell from 99.9% to 98.9%.
Average days on market, or the time from
when a property is listed to when it goes
into contract, was 29 for homes and 54
for condos/lofts.
for homes rose 3.5 points to +2.6. Sales
momentum for condos/lofts was up 4.3
points to
–3.9.
for single-family homes
rose 0.9 of a point to
+3.5. Pricing
momentum for
condos/lofts fell 0.9 of a
point to –1.5.
Our momentum
statistics are based on
12-month moving
Sotheby's International Realty
117 Greenwich Street
San, Francisco, CA 94111
Cell: (415) 819-2663
AnnieWilliamsSF@gmail.com
http://www.anniewilliamshomes.com
Annie Williams & Miriam Wells
ANNIE WILLIAMS & MIRIAM WELLS | ANNIEWILLIAMSSF@GMAIL.COM | HTTP://WWW.ANNIEWILLIAMSHOMES.COM
Dec 20 Month % Nov 20 Year % Dec 19
Median Price: 1,582,000$ -6.5% 1,691,500$ 9.1% 1,450,000$
Average Price: 2,090,948$ -0.1% 2,092,465$ 7.3% 1,948,749$
Home Sales: 267 3.5% 258 52.6% 175
Sale/List Price Ratio: 102.3% -1.0% 103.4% -2.8% 105.2%
Days on Market: 29 -9.4% 32 -5.2% 31
(Condominiums)
Dec 20 Month % Nov 20 Year % Dec 19
Median Price: 1,100,000$ -8.3% 1,200,000$ -8.2% 1,198,283$
Average Price: 1,285,705$ -1.5% 1,305,881$ 1.9% 1,261,689$
Home Sales: 345 4.2% 331 59.7% 216
Sale/List Price Ratio: 98.9% -1.0% 99.9% -4.1% 103.0%
Days on Market: 54 10.0% 49 10.1% 49
Trends at a Glance
(Single-family Homes)
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San Francisco Homes: Sales Momentum
Sales Pricing © 2021 rereport.com

2. December 31, 2020 -- A year ago, when the calendar
first turned to 2020, it's a fair bet that no one could
see what was coming, or know how profoundly one
little germ could change our lives. The coronavirus
outbreak, epidemic and then pandemic upended
everything across the globe, and even as we strive
for a semblance of normalcy, it's not done yet just
yet. You'll be able to witness the latest effects this
evening, as normally-packed live celebrations of the
change of year in cities around the world will be thin-
ner, remotely generated and socially-distanced. "On
January 1, 2021, for the first time every, hindsight will
actually be 2020", according to a popular internet
meme, and there's little doubt that many people will
be happy to see it go.
With one country after another closing, and uncer-
tainty and risks skyrocketing, investors got spooked
and came to a point of selling everything to move to
cash; interest rates spiked, financial markets became
unhinged and central banks across the world moved
into emergency positions, slashing rates, buying
bonds and opening up new lending and market-
support facilities, moving to liquefy every market and
be the buyer of last resort for a range of assets if
need be. The market panic was quelled, and a de-
pression likely averted. Lockdowns ensured that the
economies of many countries would fall into record-
setting recession for a time, only to quickly (if partial-
ly) emerge.
As they did, unprecedented opportunities arose for
homeowners. For those in difficult straits, and with
the experience of at least some lessons learned in
the last housing bust, a nearly instant forbearance
program for homeowners was released, and without
even the burden of proof of hardship. Millions signed
up; a core of the most troubled homeowners
(numbering about 2.8 million) yet remain in forbear-
ance. For others who experienced no payment trou-
bles, opportunities to refinance at record low rates --
multiple times -- appeared. Freddie Mac's formal all-
time low for a conforming 30-year (3.31%) FRM was
touched in mid-April, broken by the end of the of the
month a new record low was set in 17 weeks since
then, falling to as low 2.66% near the end of the year.
Potential homebuyers took notice, too. The year
began with an early start on the spring homebuying
season with a solid winter showing for sales, but that
came to a relative standstill in March through May,
only to revive with vigor and then some as the econo-
(Continued on page 4)
ANNIE WILLIAMS & MIRIAM WELLS
SOTHEBY'S INTERNATIONAL REALTY
ANNIEWILLIAMSSF@GMAIL.COM
The chart above shows the National month-
ly average for 30-year fixed rate mortgages
as compiled by http://
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30-Year Fixed Mortgage Rates
Unit
Median Average Sales DOM SP/LP Median Average Sales Median Average Sales
San Francisco $1,582,000 $2,090,948 267 29 102.3% 9.1% 7.3% 52.6% -6.5% -0.1% 3.5%
D1: Northwest $2,050,000 $2,380,244 20 43 102.4% 17.1% 24.4% 25.0% -7.3% -33.8% -16.7%
D2: Central West $1,534,500 $1,617,456 44 23 112.7% 10.8% 10.0% 69.2% -1.6% -0.1% 0.0%
D3: Southwest $1,305,000 $1,210,964 17 28 105.1% 16.0% 0.9% 6.3% -9.2% -25.1% 70.0%
D4: Twin Peaks $1,700,000 $1,770,724 33 22 104.4% 4.6% -3.7% 57.1% 0.0% -0.5% -31.3%
D5: Central $2,225,000 $2,392,533 42 32 101.8% -13.6% -8.5% 90.9% -10.1% -13.4% 0.0%
D6: Central North $2,250,000 $2,568,000 7 23 102.8% -24.5% -8.7% 16.7% -1.1% 12.9% 250.0%
D7: North $5,247,500 $6,226,770 20 60 93.4% 14.1% -3.6% 185.7% 7.1% 10.6% 122.2%
D8: Northeast $2,520,000 $2,520,000 1 137 100.9% -59.4% -62.5% -66.7% 38.6% 38.3% -66.7%
D9: Central East $1,627,500 $1,749,837 32 21 105.2% 11.3% 11.7% 100.0% -4.8% -5.2% 6.7%
D10: Southeast $1,100,000 $1,156,418 51 24 106.8% 3.5% 4.3% 27.5% 10.6% 9.2% 10.9%
December Sales Statistics
(Single-family Homes)
Prices Yearly Change Monthly Change
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San Francisco Homes: Sold Prices & Unit Sales
(3-month moving average — $000's)
Ave Med Units © 2021 rereport.com

3. ANNIE WILLIAMS & MIRIAM WELLS
SOTHEBY'S INTERNATIONAL REALTY
ANNIEWILLIAMSSF@GMAIL.COM
Unit
Median Average Sales DOM SP/LP Median Average Sales Median Average Sales
San Francisco $1,100,000 $1,285,705 345 54 98.9% -8.2% 1.9% 59.7% -8.3% -1.5% 4.2%
D1: Northwest $1,160,000 $1,167,421 19 46 101.7% 0.9% 0.4% 72.7% -22.0% -31.2% -20.8%
D2: Central West $1,020,000 $1,075,417 7 54 99.3% -25.8% -17.6% 75.0% -25.1% -17.1% 16.7%
D3: Southwest $738,000 $891,000 3 27 98.6% -10.4% 7.0% -25.0% -36.4% -14.9% -40.0%
D4: Twin Peaks $700,000 $699,800 5 61 100.7% -11.7% -12.9% -58.3% -13.9% -19.0% -58.3%
D5: Central $1,350,000 $1,341,713 59 47 101.7% -10.0% -15.7% 78.8% 7.4% 1.8% 3.5%
D6: Central North $1,130,000 $1,117,937 43 48 100.8% 10.5% -3.6% 138.9% -8.0% -3.7% -14.0%
D7: North $1,507,500 $1,782,229 38 54 97.9% -3.5% 1.6% 72.7% -6.7% -1.1% -9.5%
D8: Northeast $962,500 $1,308,324 43 60 97.4% -12.5% 14.2% 13.2% -19.0% -3.4% 22.9%
D9: Central East $1,050,000 $1,286,481 115 57 97.4% -4.5% 7.1% 79.7% 2.4% 12.1% 26.4%
D10: Southeast $700,000 $607,807 6 82 98.1% 1.7% -7.9% 20.0% -23.9% -33.9% 200.0%
December Sales Statistics
(Condos/TICs/Co-ops/Lofts)
Prices Yearly Change Monthly Change
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85.0%
90.0%
95.0%
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San Francisco Homes: Sales Price to List Price Ratio
© 2020 rereport.com
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San Francisco Condos/Lofts: SalesMomentum
Sales Pricing © 2020 rereport.com
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San Francisco Condos: Sold Prices & Unit Sales
(3-month moving average — $000's)
Ave Med Units © 2020 rereport.com

4. Annie Williams & Miriam Wells
Sotheby's International Realty
117 Greenwich Street
San, Francisco, CA 94111
my re-opened through the summer. The delayed
action of the spring market was joined by additional
demand from second home buyers looking to es-
cape to remote locations, away from virus and
strife, and by buyers who could now work remotely
and so no longer felt constricted by proximity to
center-city workspaces. With competition for hous-
es fierce and existing home prices rising sharply,
it's also likely that some demand has been
"advanced" from the coming year in order to grab a
home before costs increased further.
With the existing home market tight and expensive,
and possibly with commuting to work far less of a
concern, sales of new homes also enjoyed a strong
period during the mid-part of 2020, but sales are
settling back to a very solid (if less frenetic) trend
as the year turns. Before a pandemic dip last
spring, sales of new homes had been in a 10-year
uptrend, and seem poised to return to that kind of
steady, solid (if unspectacular) improvement now
that the pandemic distortion in sales has cycled
through.
Existing home sales have started to cool a bit from
heady annualized levels too, although that's to be
expected as the winter months kick in. The spring-
bumped-into-summer housing season has passed,
and while there is still plenty of demand there is
(Continued from page 2) little supply to be had, and even fewer homes are
put up for sale once the onset of the extended holi-
day (and then winter) season begins. The National
Association of Realtors Pending Home Sales Index
contracted again in November, declining by 2.6%, a
third consecutive decline. Compared to a year ago,
though, contract signings are still some 16.4% high-
er, and if we weigh this change against sales levels
last December/January, it looks like this will trans-
late into a 6.25 million (or so) annualized rate of
sale. October's 6.86 million (annual) was the recent
peak, and sales are likely to continue to cool some-
what until the next spring cycle kicks up again.
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San Francisco Homes: Year-Over-Year Median Sales Price Change
© 2020 rereport.com