See what sold during the week using this interactive map. It will show you where the home was located, the listing price, the sold price and how many days it was on the market.

« Click here to see this week's map

Single Family Homes - 45 Sold
• Median Sale Price: $1,560,000
• 38 Sold OVER Asking Price
• 6 Sold UNDER Asking Price
• 1 Sold AT Asking Price
• There are currently 352 Single Family Homes on the market

Condos/Lofts/TICs - 63 Sold
• Median Sale Price: $1,240,000
• 36 Sold OVER Asking Price
• 12 Sold UNDER Asking Price
• 15 Sold AT Asking Price
• There are currently 560 Condos/Lofts/TICs on the market
*Source: San Francisco Association of Realtors®

Quick Note: SF Just Ranked Among Top 5 U.S. Cities in Which to Live

We are constantly hearing about how expensive it is to live in San Francisco, and how people are moving away. Yet the website WalletHub just compared the 62 largest cities in the U.S. based on 56 key indicators of attractiveness, and found that San Francisco ranked 4th in the nation, just behind Seattle, Virginia Beach, and Austin.

Affordability is clearly a problem, but San Francisco ranked 2nd in "quality of life", 3rd in "Education and Health", and 6th in "Economy". We were surprised at the economy ranking, but "Building-Permit Growth" and "Wealth Gap" were both factored into the category, and that might explain the lower than we would expect rating.

According to the report, cities all across the country are dealing with issues around the high cost of living, pollution, traffic delays, and limited living space. But big cities represent opportunity, economic and otherwise, which appeals to people of all walks of life — especially young professionals seeking advancement in their careers and social lives. Another main draw is easy access to diverse dining and entertainment options.

The bottom line is this: San Francisco remains a city that draws people from all over the world. People want to live here and, given our limited supply of real estate, that demand continues to drive up the cost of rent and the price of homes.

Mortgage Update: Raised Expectations for Economic Growth

Both Goldman Sachs and Morgan Stanley have raised their expectations for economic growth in 2018. The new projections put GDP above 3 percent for the year. Both forecasts see growth slowing ahead as fiscal stimulus wears off.
The majority of U.S. economists are predicting two more Federal rate hikes this year.

This information is provided by Tim Wood at Terra Mortgage Banking/Opes Advisors, a mortgage bank. Tim can be reached at 415.464.1374, by email or through his website


Jumbo Loan Rates
30 Year Fixed    4.375%    « calculate mortgage at this rate
7/1 Year ARM    3.875%    « calculate mortgage at this rate

Conforming Loan Rates
30 Year Fixed    4.625%    « calculate mortgage at this rate
7/1 Year ARM    4.500%    « calculate mortgage at this rate

Rates change daily and vary by product. They are provided here to give you a general sense of current average California rates. Your rate will vary and depends on credit and other factors. Rates are not published on weekends. Source: This information is provided by Tim Wood (NMLS #319539) at Terra Mortgage Banking/Opes Advisors, a mortgage bank. Tim can be reached at 415.464.1374, by email or through his website

Median Sales Price - By Property Type

July figures were just released by the San Francisco Association of REALTORS®. As we do each month, we'll look at the numbers, and see if we can spot any trends.

In July, the median sales price for a single family home was $1,625,000, up 12.1 percent over July of last year. The median sales price for a condo and loft was $1,200,000, up 3.7 percent over last year's July figure.

Single family homes reached an all-time high several months ago, in April, when the median sales price was $1,662,500. Condos and lofts reached an all-time high in May, when the median sales price was $1,253,000.

Median Days on Market - By Property Type

Properties continue to sell fast. The median days on market for single family homes was 14, just as it was in July of last year. The median days on market for condos and lofts was 17, down 19.0 percent from last year.

Of course, as we've said before, the median figure means that half of all homes will remain on the market for a longer period time, and half will be on the market for a shorter period of time. Price, location, and the condition of the home still have a bearing on days on market.

Active Listings - By Property Type

In July, there were 352 active listings for single family homes, down 14.0 percent from July of last year. During the same period, there were 480 active listings for condos and lofts, down 12.2 percent from last year.

Percent of Properties Sold Over List Price - By Property Type

86.0 percent of all San Francisco single family homes sold over list price in July. That's up 7.4 percent over last year. 67.0 percent of condos and lofts sold over list price, and that is up 10.4 percent in comparison to July 2017.

Our Cable Cars and the North Panhandle Neighborhood

23 cable car lines were established between 1873 and 1890. They were a dominant form of transportation until replaced by less expensive electric streetcars starting in 1892. The cable car, like the Golden Gate Bridge, is an icon of San Francisco, instantly associated with the City. The only place on Earth where you'll find them is here.

They are darling to look at — efficient and quaint at the same time. How they originated is quite a different story.

A Terrible Accident Inspired the Invention of the Cable Car

According to, on a damp summer day in 1869 Andrew Hallidie, whose father had patented wire-rope manufacturing, witnessed a horrible accident in San Francisco. The combination of a steep slope, wet cobblestones, and a heavily loaded horse-drawn streetcar caused five horses to be dragged backwards to their deaths. This inspired him to invent the first cable car system, which he launched in 1873.

By 1912 only eight cable car lines remained, all on steep gradients impassable to electric streetcars. Eventually five of the eight lines were replaced by buses. The remaining three were finally shut down in 1951. However, the City purchased and saved them in 1952 due to tremendous public support, and these lines are still in service today.

For more information San Francisco's history, please click on, or copy and paste, the link that follows:

Home Sales in the North Panhandle Neighborhood

This neighborhood survived the 1906 earthquake and the fires that followed. Consequently, many of its Victorian homes are among the oldest in the City. North Panhandle, or NoPa as it is often called, is well-situated — close to Golden Gate Park and choice bars and clubs, but at a comfortable distance. In recent years, it has become one of San Francisco’s most coveted neighborhoods, a casually cool place to live.

In July there were two single family home sales, and 16 condo and loft sales in the Panhandle neighborhood. The median sales price for single family homes was $2,999,000, and the median sales price for condos and lofts was $1,357,500, up 6.5 percent in comparison to the same month last year.

There were no single family homes sales in the neighborhood in July of 2017. This is consistent with what typically see in this neighborhood — zero to two sales of single family homes, and double digit sales of condos and lofts during any given month.