2022 Sales Data

• 09/28/22: Sold for $838,000, 14 days on market, Unit #203
• 09/06/22: Sold for $1,050,000, 87 days on market, Unit #702
• 04/25/22: Sold for $1,110,000, 59 days on market, Unit #404
• 01/07/22: Sold for $1,350,000, 27 days on market, Unit #603
• 01/12/22: Sold for $1,405,000, 23 days on market, Unit #1404
• Average Sale Price: $1,150,600
• Average Price per Sqft: $1,348.77

2021 Sales Data

• 08/02/21: Sold for $3,463,000, 9 days on market, Unit #2001
• 03/30/21: Sold for $865,000, 149 days on market, Unit #202
• 02/12/21: Sold for $1,100,000, 83 days on market, Unit #401
• 09/22/21: Sold for $1,160,000, 38 days on market, Unit #701
• 02/12/21: Sold for $1,198,000, 11 days on market, Unit #502
• Average Sale Price: $1,557,200
• Average Price per Sqft: $1,343.21

Analysis

• Price Trend: The average sale price in 2022 ($1,150,600) shows a decrease compared to 2021 ($1,557,200). This indicates a downward trend in property values at 1101 Green St.
• Price per Square Foot: The average price per square foot in 2022 was slightly higher ($1,348.77) compared to 2021 ($1,343.21). This suggests that while overall prices dropped, the value per square foot remained relatively stable.
• Market Dynamics: The days on market varied significantly, with some properties selling quickly while others took longer. The fastest sale in 2022 was 14 days (Unit #203), whereas in 2021, it was 9 days (Unit #2001).

The sales data from 1101 Green St in San Francisco paints a broader picture of the city's real estate market. Despite the steady value per square foot, the overall drop in average prices in 2022 compared to 2021 indicates a significant shift in demand. This trend is reflective of the larger dynamics at play in San Francisco's real estate market, where a combination of changing buyer preferences and escalating interest rates are reshaping the landscape. As buyers become more discerning and financial conditions tighten, the market is adjusting accordingly, leading to a reevaluation of property values across the city. This shift underscores the importance of understanding local market trends and economic factors for both buyers and sellers in navigating the evolving real estate environment.