Torii

Market Report: Bay Area Home Sales in June 2020

Each month we publish a Monthly Market report, which shows home listing prices and sale prices for the previous month. (You can use the Monthly Market tool free on our site to see how each zip code’s sales have changed month to month.) 

In June we started to see more inventory come onto the SFBA market. Consumer confidence seems to have started to rise with the number of coronavirus cases in the Bay Area seemingly under control. The Torii team has been quite active, and we are continuing to practice distancing measures and wear masks at all showings. Read on to see how June’s closings stacked up against previous months’ closings…

Lowest listing price (by total amount in $):  Embarcadero (94111)

Lowest sales price (by total amount in $): Embarcadero (94111)

Most homes sold in June 2020: The Mission (94110) saw 36 total sales in the month

Highest number of days on market: Van Ness/Civic Center (94102) at 170 days was just slightly above Embarcadero’s (94111) 162 days from list date to sale date

Lowest number of days on market:  Mount Davidson area (94127)

Lowest price per sq ft: Hunters Point (94124) at $615/sq. ft., which is down 8% from April

Highest price per sq ft: Van Ness/Civic Center (94102) came up to $1,344 per square foot in June, while the Financial District- South (94105) dropped 23% from its high price per square foot in April

Keep in mind that this data is based on closings in June. Most June closings would have had offer dates in April or May.

For more info on the current market, see https://www.torii.properties/monthly-market. If you’re ready to buy and need to talk to a lender, we’re happy to introduce you to one of our lending partners who we know and trust. Just email us info@torii.properties

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