Single-Family Home Inventory in San Francisco JumpsJanuary 25, 2021
With the number of homes on the market in San Francisco having started to tick up following a typical seasonal slowdown and culling of unsold listings at the end of last year, the number of single-family homes listed for sale jumped 36 percent over the past week to just over 300.
While 300 single-family homes might not seem like much inventory in the absolute, that’s 95 percent more single-family inventory than at the same time last year and the most since 2012 on a seasonal basis with the list prices for 20 percent of the active listings having already been reduced at least once versus 11 percent of the listings at the same time last year.
And of the single-family homes on the market in San Francisco, 22 percent are now listed for under a million dollars versus 19 percent at the same time last year.
Comments from Plugged-In Readers
This isn’t actually true, there was an MLS upgrade that recategorized a number of condos / TICs as single family homes. Quick scouring of example listing shows this clearly.
In what alternate reality would it ever make sense to categorize condo or TIC units as SFH’s? Not that I don’t believe this.
TP is not strictly correct. There was a move to a Type/Sub-Type system. With SFH, CONDo and TICs grouped together for Type, but differentiated at the Sub Type level.
“The most important change that will certainly affect your day to day use of the MLS is the merge of the current Residential (“RESI” meaning Single-Family House) and Condominium (“COND” in which we grouped Condo, TIC, Coop) into a new unified Residential Single-Family Home top level type (which will continue to be called “RESI”).
Inside RESI, you will select the best Property Subtype. And further you will be able to select a set of up to three Property Subtype Description values that ensure you can communicate the best description of what your listing is to other Agents and to the public.”
Incorrect. This site clearly needs to adjust its filters in light of the new regional MLS rollout.
Actually, it would appear as though some Realtors might need to adjust their listings in light of the new subtype system/rollout.
Maybe to a degree, but also it’s going to be on you. All aggregators are being effected currently Either way your takes stemming from a bogus metric are of course not viable.
Unfortunately, GIGO is in play (and over which we have no control). But hopefully, any incorrectly ‘typed’ listings will soon be corrected in the database upon which our metric relies.
Hardly. The GO’s on you entirely, patna. No machine wrote those words, which remain, 300 blah blah compared to blah blah blah. The fact that you haven’t deleted this post is comical.
Just checked the MLS for all active SFH’s listed specifically in SF and there are currently 324, so this posting is CORRECT.
Whatever data conversion happened on the MLS isn’t being correctly picked up by nearly every realty site outside of the MLS. Compass, Redfin, Zillow are all showing tons of SFH’s that are actually condos and TICs. Data mapping failure.
That’s incorrect, as a check of the “single family residence” box in the new regional MLS then yields 249.
Unfortunately, too many agents incorrectly enter their condo / TIC / co-op listings as SFH’s, which skews the numbers. Technically, there are 323 listings now in the MLS listed under SFH’s, but quite a few are obviously not.
This is not at all about the occasional agent with the occasional condo/TIC entry as SFR. This is about a global change in which multiple types of housing were swept up, together, into a new MLS system. The aggregators, of which Socketsite is one, Redfin is one, Zillow is one, have apparently not adjusted their systems as of yet.
Whatever you are using, cerebrodemono, you are not utilizing a secondary criterion for “single family residence.” Whether or not that’s available to you at this stage I have no way of knowing. But the way you’re talking about this is dead wrong.
It sounds like SF MLS made a change that was not “backwards compatible” with the export interface to 3rd parties. Now the downstream 3rd parties who have not adapted are seeing bad results. This sounds like an unfortunate choice by SF MLS because it is possible to provide the newer detailed data without breaking the old usage.
Well, Ohlone Californio, thanks for the shout out! We can debate this until hell freezes over but I’d prefer not and gladly concede to you since you seem overtly intent on refuting my comments here, so all the more power to you. For the record, I was using the MLS, narrowed down to SFH’s only in the City and County of San Francisco, which does not include any “region” beyond its county lines in any direction. Perhaps the moderator can chime in here to confirm, correct or clarify the data reported? In the meantime, get ready for the storms fast approaching and the flooding that follows!
We’ve debated it an objective fact to its conclusion actually. Now I’m left with guessing which public facing version of the SFAR MLS you’d been using, I guess, that lacks a search criterion.
edit — further, I suggest clearing your cache and then seeing if the secondary “single family residence” box appears sub the SF District search choices.
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