The Embarcadero, San Francisco, CA housing market is somewhat competitive, scoring 67 out of 100. "The current inventory crunch really started building in the fourth quarter, pushing home prices in the expensive coastal cities back up after a slight reprieve earlier in the year," said Redfin chief economist Daryl Fairweather. The South San Francisco housing market is very competitive. See all recently sold homes in South San Francisco. 11 elementary schools. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. San Francisco County ranked number two on the list of housing markets that have slowed down the most. The average Embarcadero house price was $784K last month, down 43.0% since last year. This is largely due to a sharp increase in listings, as sellers begin to outnumber buyers within the city. Austin, which was the second-most popular destination for homebuyers looking to move to a different metro area in the third quarter, was number four. School service boundaries are intended to be used as reference only. Much of the housing inventory that is on the market is stale. The average sale price of a home in North Beach was $1.1M last month, up 25.7% since last year. According to most economists, a “balanced” housing market has closer to a 5- or 6-month supply. We represent people buying and selling homes in over 90 markets … San Francisco County ranked number two on the list of housing markets that have slowed down the most. The average sale price per square foot in San Francisco is $1K, down 1.9% since last year. Half of all homes for sale in San Jose, California and Grand Rapids, Michigan were off the market in 9 days. The average sale price per square foot in South San Francisco is $709, down 5.1% since last year. Competition is still fierce in coastal California and in more affordable places like Sacramento and Phoenix. More Than Half of Redfin Offers Faced Bidding Wars in August as the Housing Market's Competitive Streak Continues Nearly 55% of Redfin offers faced bidding wars in August. Of course, the Seattle and San Francisco housing markets are also experiencing supply shortages right now. It’s a common condition in these western markets. Salt Lake City had the highest bidding-war rate, with 75% of Redfin offers encountering competition. Redfin is reporting this week that a quarter (24.5%) of San Francisco-area home sellers cut their list prices during the four weeks ending August 2020, the highest share since at least 2015. More Than Half of Redfin Offers Faced Bidding Wars in August as the Housing Market's Competitive Streak Continues Nearly 55% of Redfin offers faced bidding wars in August. Only showing 5 of RedfinNow most recently launched in Sacramento in October. Homes sell for about 1% below list price and go pending in around 42 days. The average sale price per square foot in North Beach is $1.05K, down 9.77% since last year. That's more than double the rate from a year earlier, marking the largest annual increase in the share of active listings with price drops among the 50 most populous U.S. metro areas. San Francisco is a fairly walkable city in San Francisco County with a Walk Score of 87. a minimal amount of infrastructure for biking, San Bruno Mountain State Park Housing Market, Downtown South San Francisco Housing Market, San Bruno Mountain State Park Real Estate. The Westborough, South San Francisco, CA housing market is very competitive, scoring 84 out of 100. Homes in South San Francisco receive 9 offers on average and sell in around 19 days. In second place was San Diego, at 73.2%, followed by San Francisco / San Jose, at 69.6%. Homes in San Francisco receive 3 offers on average and sell in around 30 days. Buyers were not willing to pay more for the property. Find your dream home in San Francisco using the tools above. Four of the top six cities with the most competitive housing markets are in California, Redfin says. The Glen Park, San Francisco, CA housing market is very competitive, scoring 81 out of 100. The average North Beach house price was $952K last month, down 16.6% since last year. Redfin On The US Housing Market’s Great Snapback (For Now) By PYMNTS. The San Francisco housing market is very competitive. One Redfin executive says the company expects Seattle and San Francisco to make up a large portion of RedfinNow’s home sales volume in 2021. They might even take a downturn. To verify enrollment eligibility for a property, contact the school directly. We offer brokerage, iBuying, mortgage, and title services, and we also run the country's #1 real estate brokerage search site, offering a host of online tools to consumers, including the Redfin Estimate. 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