San Francisco Real Estate Market Report - April 2023
Jackson Salamunovich • May 15, 2023
San Francisco Real Estate Market Report – April 2023
Trends at a Glance
For single-family homes, here are the key figures for April 2023 compared with March 2023 and April 2022:
- Home Sales: 165 (down from 148 in March and 244 in April 2022)
- Median Price: $1,570,000 (down from $1,697,500 in March and $2,050,000 in April 2022)
- Average Price: $2,148,830 (down from $2,282,230 in March and $2,465,518 in April 2022)
- Sales Price/List Price (SP/LP): 101.5% (down from 103.5% in March and 118.4% in April 2022)
- Days on Market: 31 (up from 28 in March and 14 in April 2022)
For lofts, townhomes, and TICs, here are the key figures for April 2023 compared with March 2023 and April 2022:
- Condo Sales: 210 (down from 241 in March and 364 in April 2022)
- Median Price: $1,172,500 (up from $1,075,000 in March but down from $1,338,000 in April 2022)
- Average Price: $1,378,035 (up from $1,216,303 in March but down from $1,422,700 in April 2022)
- Sales Price/List Price (SP/LP): 98.4% (down from 100.7% in March and 107.4% in April 2022)
- Days on Market: 55 (same as March but up from 31 in April 2022)
Market Analysis
The median sales price for single-family, re-sale homes was down 7.5% in April from March, and down 23.4% year-over-year. The average sales price was down 5.8% month-over-month and 12.8% year-over-year. Sales of single-family, re-sale homes fell 32.4% year-over-year with 165 homes sold in San Francisco last month, compared to the average of 214 since 2000.
For condos and lofts, the median sales price was down 12.4% year-over-year. The average sales price was down 3.1% year-over-year. Sales fell 42.3% year-over-year with 210 condos/lofts sold last month, compared to the average of 230 since 2000.
The sales price to list price ratio fell from 103.5% to 101.5% for homes and from 100.7% to 98.4% for condos/townhomes.
The average days on market, the time from when a property is listed to when it goes into contract, was 31 for homes and 55 for condos/lofts.
Momentum Statistics
Sales momentum for homes dropped from –34.6 to –38.4 and for condos/lofts, it was down 7.3 points to –61.9. Pricing momentum for single-family homes fell 4points to –13.8 and for condos/lofts, it fell 2.3 points to –7.9.
These momentum statistics are based on 12-month moving averages to eliminate monthly and seasonal variations.
If you are planning on selling your property, please call for a free comparative market analysis.
For the complete annual report, which includes charts and graphs for each city in the county,
click here.
Information based on the 'The Real Estate Report of Local Market Trends for San Francisco' by
Robb Fleischer, Broker/Officer for
AMSI and
Novo Real Estate Services.
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Last-Minute Summer Events in San Francisco: September 2026 Summer is not over yet. September brings some of San Francisco’s best outdoor concerts, neighborhood festivals, waterfront celebrations and open-air movie nights. Here is what to add to your calendar before the season winds down. Saturday, September 5 5th Annual Surf Festival Spend the afternoon listening to surf-inspired live music at the Golden Gate Bandshell. The free outdoor festival features The Seismics, Surf Monster, The New Shockwaves and Uncle Sea Monster. Time: 2–6 p.m. 📍 Location: Golden Gate Bandshell, Golden Gate Park Monday, September 7 Labor Day Celebration Close out Labor Day weekend with a free afternoon concert from the Golden Gate Park Band. The program celebrates American work and community with a lively mix of musical favorites. Time: 1–2:30 p.m. 📍 Location: Golden Gate Bandshell, 75 Hagiwara Tea Garden Drive Thursday, September 10–Sunday, September 20 Flower Piano Flower Piano returns to the San Francisco Botanical Garden for 11 days of outdoor music. Twelve pianos will be placed throughout the gardens for scheduled performances and opportunities for visitors to sit down and play. Time: Performance times vary 📍 Location: San Francisco Botanical Garden, Golden Gate Park Thursday, September 10 Valencia LIVE! Valencia Street comes alive with music, art, food, drinks, shopping and entertainment. Walk between participating businesses and enjoy performances throughout the neighborhood. Time: 5–10 p.m. 📍 Location: Valencia Street between 18th and 21st streets Saturday, September 12 Fiesta de las Américas Celebrate the cultures of the Americas at this free Mission District block party. The event brings together local artists, musicians, food vendors, nonprofit organizations and small businesses for a full day of performances and festivities. Time: 11 a.m.–6 p.m. 📍 Location: 24th Street between Bryant and Folsom streets Sunday, September 13 Opera in the Park Bring a blanket and picnic for one of San Francisco’s favorite free outdoor traditions. The San Francisco Opera Orchestra and performers from the company’s fall season will present an afternoon of arias, ensembles and popular songs. The event also includes a picnic contest and a children’s area with crafts and lawn games. Time: 1:30 p.m.; approximately two hours 📍 Location: Robin Williams Meadow, Golden Gate Park Friday, September 18 Oktoberfest on Front San Francisco’s official Oktoberfest block party returns with live music, German food, beer and traditional beer-hall games. Admission is free, although advance registration is encouraged. Time: 2–10 p.m. 📍 Location: Front Street Entertainment Zone, 240 Front Street Friday, September 18–Sunday, September 20 San Francisco Greek Food Festival Come hungry for three days of Greek food, music, dancing and cultural performances. The long-running neighborhood festival is celebrating its 75th year, and admission is free. Time: Friday and Saturday, 11 a.m.–10 p.m.; Sunday, 11 a.m.–7 p.m. 📍 Location: Annunciation Cathedral, 245 Valencia Street Saturday, September 19 Festival of the Sea Celebrate San Francisco’s maritime history with live music, waterfront activities and family-friendly entertainment. The free festival offers a full afternoon of performances and hands-on maritime experiences. Time: 11 a.m.–5 p.m. 📍 Location: San Francisco Maritime National Historical Park, 900 Beach Street Glen Park Night Market The final Glen Park Night Market of the season brings local makers, artists, food vendors, live music and DJ sets to the neighborhood. Browse the booths, grab something to eat and stay for an evening under the lights. Time: 3–8 p.m. 📍 Location: Kern Street and Diamond Street, Glen Park Saturday, September 19–Sunday, September 20 Chinatown Autumn Moon Festival Chinatown’s annual Autumn Moon Festival returns for two days of food, mooncakes, lion and dragon dancing, cultural performances, children’s activities and local vendors. Time: 11 a.m.–5 p.m. both days 📍 Location: Grant Avenue between California Street and Broadway Sunday, September 20 Haight-Ashbury Street Fair The Haight-Ashbury Street Fair brings live music, food and more than 200 vendors to one of San Francisco’s most recognizable neighborhoods. Explore local art, clothing, crafts, community organizations and two stages of entertainment. Time: 11 a.m.–5:30 p.m. 📍 Location: Haight Street between Stanyan and Masonic avenues Friday, September 25 Sunset Night Market: Autumn Moon Festival The Sunset Night Market returns with food vendors, local makers, cultural performances and live entertainment. The September event celebrates the Autumn Moon Festival with five blocks of evening activity. Time: 5–10 p.m. 📍 Location: Irving Street between 20th and 25th avenues Sundown Cinema: School of Rock Watch School of Rock outdoors against the backdrop of the San Francisco waterfront. Bring a blanket or low-back chair, pick up dinner nearby and arrive early to find a comfortable spot before the movie begins. Time: Activities begin around 5:30 p.m.; movie starts after sunset 📍 Location: San Francisco Ferry Building, 1 Market Street Saturday, September 26 Cinema on the Square: The Conversation See Francis Ford Coppola’s San Francisco-set thriller The Conversation in the place where part of it was filmed. The free screening includes pre-show programming before the movie begins. Time: Pre-show at 5 p.m.; movie at 7:15 p.m. 📍 Location: Union Square Plaza Sake Day Sake Day returns to Japantown for an evening of tastings, learning and meeting sake makers and industry professionals. The annual event benefits the Japanese Cultural and Community Center of Northern California. Time: 4–8 p.m. 📍 Location: Hotel Kabuki, 1625 Post Street Saturday, September 26–Sunday, September 27 Portola Music Festival Portola returns to Pier 80 for two days of electronic, dance and alternative music. The 2026 lineup includes Robyn, Swedish House Mafia, Dog Blood, Zara Larsson, Tiësto, Four Tet, Tove Lo, Soulwax and more. The festival is for guests ages 21 and older. Time: Gates open at 1 p.m. each day 📍 Location: Pier 80, San Francisco Whether you want live music in the park, a neighborhood festival, waterfront activities or one final outdoor movie night, September offers plenty of ways to make the most of the last stretch of summer in San Francisco. Event details may change, so check with the organizer before heading out.
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