SAN FRANCISCO ANNUAL SALES - $5,000,000+ NUMBER OF LUXURY HOME SALES BY YEAR, SINCE 2005*
Sales: $5 Million+
Sales: $10 Million+
199
200
Sales of higher-price homes are affected by buyer demand, the number of listings available to purchase, and appreci- ation trends - all of which are impacted by economic and demographic conditions. As appreciation occurs over time, homes that would have sold for under $5 million, then sell for over that price threshold (and vice versa if prices fall).
150
120
Though home sales of $5 million+ fell in 2023 (from the high sales volumes during the pandemic boom), $10 million+ sales were relatively unchanged from 2022 (though well down from the 2021 peak).
92
100
84
80
79
78
75
71
Pandemic Market
62
62
47
50
37
33
Interest Rates Soar
Market Recovery and High-tech Boom
28
27
26
24
14
28
5
6
7
3
3
2
3
9
8
7
11
16
10
13
11
14
116
15
0
SAN FRANCISCO LUXURY HOUSE MARKET IN 2023*
HOUSE SALES OF $4,000,000+, BY DISTRICT, 12 MONTHS SALES
$4M-$4,999,999
$5M-$7,999,999
$8,000,000+
Pacific & Presidio Heights/ Cow Hollow/Marina (D7)
18
27
23
Russian, Nob, & Telegraph Hills (D8)
2 3 1
R
Telegr
SAN FRANCISCO LUXURY CONDO, CO-OP, TIC & TOWNHOUSE MARKET IN 2023*
$2.5M-$2,999,999
$3M-$3,999,999
$4M-$4,999,999+
$5M+
Pacific & Presidio Heights/ Cow Hollow/Marina (D7)
19
14
16
8
Russian, Nob, & Telegraph Hills (D8)
7
7
8
4
*12 months sales and pending sales reported to NorCal MLS Alliance by 12/18/23. Not all luxury home sales are reported. Neighborhood groupings correspond to SF Realtor districts, which often include adjacent neighborhoods not listed. Data from sources deemed reliable but may contain errors and subject to revision. All numbers approximate.
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