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South San Francisco Home Values - 4 Key Real Estate Trends For Houses - Aug 30, 2024

Silicon Valley Real Estate | JLee Realty

Home Values - South San Francisco Houses

Average and Median Home Price of South San Francisco Houses Sold

When trying to understand South San Francisco neighborhood home values for houses, the first and most often real estate trend looked at is either average or median house sales price. The average price can be pushed up by a particularly expensive house being sold. Much less often an especially low price for one or more houses can push the average price down. By looking at both average and median price a quick judgment can be made about any unusually high or low prices

Graph of the Quarterly Median and Average Price of South San Francisco Houses Sold

Price Per Square Foot for South San Francisco Houses Sold

The sales price of a South San Francisco house is affected by its size. Looking at price per square foot gives a partial adjustment for differences between houses. Furthermore if you look at the average size of a South San Francisco house sold you will see that it varies with time. Part of the variation is due to the random nature of which houses are being sold but the trend is for an increase in size with time because when a house is replaced with a newer house, the newer house is almost always larger.

Graph of the Quarterly Average Price Per Square Foot for South San Francisco Houses Sold

Sales Price vs. List Price for South San Francisco Houses Sold

Home buyers and sellers want to know the typical relationship between list price and sales price. This relationship varies with city and time. The plots below show trends for this relationship using color coding which generally highlights changes in the market. More South San Francisco houses being sold over list price is a very good indicator of rising home prices. More houses being sold under list price is a very good indicator of falling house prices.

Graph of the Quarterly Average Sales Price vs. List Price for South San Francisco Houses Sold

Number of South San Francisco Houses Sold

A quick estimate of how active the South San Francisco real estate market is can be found by looking at the number of houses sold. Locally there is a strong seasonal change in the number of houses sold. The lowest number of houses sold typically occurs around December & January. The highest number of houses sold typically occurs around May. Price changes do not track the seasonal change in the number of houses sold.

Graph of the Quarterly Number of South San Francisco Houses Sold

 

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