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San Francisco 2-4 Unit buildings (through Q2 2023)

San Francisco 2-4 Unit Building Sales 

Sales Volume, 2017 - Present, by Quarter

Closed sales typically reflect offers accepted 3 to 6 weeks earlier.

Bar chart of San Francisco 2–4 unit building sales by quarter, 2017–Q2 2023; Q2 2023 sales totaled 104.

 

San Francisco 2-4 Unit Building Values

Median Sales Prices, by Quarter

Closed sales typically reflect offers accepted 3 to 6 weeks earlier.

Bar chart of San Francisco 2–4 unit building median sale prices by quarter, Q1 2018 through Q2 2023.

 

Median Sales Price Trends since 2011 by Year

San Francisco 2-4 Unit Residential Buildings 

A specific comparative market analysis is required to value any particular property.

Bar chart of annual median sales prices for San Francisco 3–4-unit and 2-unit buildings, 2011–2023.

 

San Francisco 2-4 Unit Building Values

Average Dollar per Square Foot Values, by Quarter

Closed sales typically reflect offers accepted 3 to 6 weeks earlier.

Bar chart of San Francisco 2–4 unit building values by quarter, showing $655 per square foot in Q2 2023.

 

Average Dollar per Square Foot Values by Year

San Francisco 2-4  Unit Residential Building Sales since 2011

A specific comparative market analysis is required to value any particular property.

Chart comparing average dollar-per-square-foot values for San Francisco 2–4-unit buildings by year, 2011–2023.

 

2-4 Unit Residential Property Sales

by San Francisco Realtor District, 12 Months Sales*

San Francisco 2–4-unit property sales by district and building size through Q2 2023.

 

2-4 Unit Residential Building Values by San Francisco Realtor District

Median Sales Prices & Median $/Sq. Ft. Values - 12 Months Sales*

Chart comparing median sale prices and price per square foot for San Francisco 2-, 3-, and 4-unit buildings by district.

 

San Francisco 2-4 Unit Residential Buildings

12 Months Sales by Number of Unit & Price Segment*

Bar chart of San Francisco two-, three-, and four-unit building sales by price segment over 12 months.

 

Active Listings on Market in Month

San Francisco 2-4 Multi-Family Building Market, since Spring 2028

Chart of monthly active San Francisco 2–4-unit building listings, May 2018 to May 2023.

 

2-4 Unit Residential Buildings: Active Listings on Market*

Property Listed for Sale, by San Francisco Realtor District

Chart of active two-, three-, and four-unit building listings by San Francisco realtor district through June 2023.

 

Listings Accepting Offers (Going into Contract)

San Francisco 2-4 Unit Building Market by Month 

Bar chart of San Francisco 2–4 unit listings accepting offers monthly, May 2018 to June 2023.

 

San Francisco Residential Rents - Approximate, Good Faith Estimates*

Average Asking Rent, 1994 - Present, Q1 Data Points (except as noted)

Chart of San Francisco asking rents from 1994 to Q2 2023, with dot-com, financial-crash, and pandemic annotations.

 

San Francisco County Population Changes 

Age Distribution, U.S. Census Estimates*

From April 2020 to July 1, 2022, the country's population dropped by an estimated 7.5%. Population changes are driven by domestic and foreign migration trends, and by natural causes (births & deaths). 

Bar chart comparing San Francisco County population by age group in 2020 and 2022, with the largest decline at ages 25–39.

 

Weekly Office Attendance: San Francisco, San Jose and Other Selected Metro Areas

Line chart comparing weekly office attendance across five metro areas from 2020 to 2023; San Francisco and San Jose remain relatively low.

 

Sales Price to Original List Price Percentage 

San Francisco 2-4 Unit Buildings, by Quarter

San Francisco 2-4 unit building sales price-to-list-price chart, quarterly from 2015 to Q2 2023.

 

Average Days on Market by Quarter

San Francisco 2-4 Residential Unit Building Sales

Bar chart showing average days on market for San Francisco 2–4 unit buildings by quarter, Q3 2018–Q2 2023.

 

Percentage of Listings Accepting Offers

San Francisco 2-4 Unit Building Market by Quarter

Bar chart showing quarterly percentages of San Francisco 2–4 unit building listings accepting offers from 2017 to Q2 2023.

 

San Francisco Housing*

Total Housing Units: 414,581

Occupancy Rate: 85% Vacancies are concentrated in rental units.

 

Highest % of studio and 1-BR units in Bay Area

 

Multi-unit buildings make up 66% of total units - the highest % in the Bay Area - which include condos, co-ops, TICs, rental apartments, university & social housing.

40% of SF housing units are owner-occupied and 60% are tenant occupied: By far the highest tenant ratio in the Bay Area.

San Francisco housing infographic with statistics on building types, occupancy, construction eras, and household sizes.

 

San Francisco Unemployment Rates

2019-2023 YTD, per CA Employment Development Department

Chart of San Francisco unemployment rates, with a pandemic-era peak above 13% and rates near 3% by May 2023.

 

San Francisco Employment Trends

Number of Employed Residents since 2000

Chart of San Francisco employment from 2000 to 2023, showing the sharp 2020 drop and subsequent recovery.

 

San Francisco 2-4 Unit Multi-Family Building Sales

By Broker, Residential Income Property Sales, 2021-2023*

Bar chart comparing San Francisco 2–4 unit multifamily building sales by brokerage, 2021–2023.

 

 

Collage of economic charts on mortgage rates, consumer sentiment, financial markets, inflation, and Bay Area real estate.

 

 

Bay Area market reports webpage with a COMPASS reports banner and article previews.

 

Note that the quantity of sales in any given local submarket is usually relatively small and/or the number of sales that report the necessary financial information can be limited. Buildings of different ages, qualities and sizes selling in different periods can cause these average and median figures to fluctuate significantly. Furthermore, the reliability of some of these calculations depends upon the quality of the Income and expense figures provided by the listing agents, and sometimes instead of actual numbers, much less meaningful projected or scheduled figures are used. Therefore, the above statistics should be considered very general indicators, and how they apply to any particular property without a specific comparative market analysis is unknown.

 

These analyses were made in good faith with data from sources deemed reliable, but they may contain errors and are subject to revision. Statistics are generalities and all numbers should be considered approximate.

 

Compass is a real estate broker licensed by the State of California, DRE 01527235. Equal Housing Opportunity. This report has been prepared solely for information purposes. The information herein is based on or derived from information generally available to the public and/or from sources believed to be reliable. No representation or warranty can be given with respect to the accuracy or completeness of the information. Compass disclaims any and ail lability relating to this report, including without imitation any express or implied representations or warranties for statements contained in, and omissions from, the report. Nothing contained heroin is intended to be or should be read as any regulatory, legal, fax, accounting or other advice and Compass does not provide such advice. Al opinions are subject to change without notice. Compass makes no representation regarding the accuracy of any statements regarding any references to the laws, statutes or regulations of any state are those of the author(s). Past performance is no guarantee of future results.

 

© 2022 Compass COMPASS

 

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