Despite the fact that the average list price per square foot of homes on the market in San Francisco is already 10 percent lower than at the same time last year, with over a third of the homes on the market having been reduced at least once, the expectation gap between the price per square foot of the homes which are in contract versus those which remain on the market has widened to nearly 20 percent, with the average price per square foot of the homes which are in contract, which is a leading indicator, having dropped to its lowest level in five years and trending down.

For context, the gap between the average list price per square foot of the homes which were still on the market in San Francisco versus those which were in contract averaged closer to 7 percent over the past two quarters, having ticked up from an average of 5 percent in the first half of last year.

6 thoughts on “Expectation Gap Widens in San Francisco”
  1. I expect the gap will increase further.

    Happy New Year, bankers, developers, landlords, and used property sales agents®!

    1. There must be a joke in there somewhere about your expectation gap waiting for somebody to tell you about expectation gap. I can’t quite put my finger on it tho.

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