5+ Unit residential income buildings: Market activity reported to NorCal MLS alliance by early October 2025.
The San Francisco Apartment Building Market
October 2025, Q3 Multi-Family Market Report for Residential 5+ Unit Buildings
5+ unit residential income buildings: Market activity reported to NorCal MLS Alliance by early October 2025. This market consists of a relatively small number of sales, of buildings of widely varying sizes, qualities and financial characteristics, across a broad range of locations: This makes meaningful statistical analysis more difficult. The statistics in this report should be considered general indicators , not exact measurements applicable to any particular property. All numbers are approximate.
“Artificial-intelligence firms are leading a revival of the San Francisco office market…The amount of office space being leased has rebounded strongly this year and is back to pre-pandemic levels...[One global real estate analyst] said conditions resemble those in 2012 when the country was still recovering from the global financial crisis…[and that] the city is well-positioned to boom once again as AI expands to touch virtually every aspect of daily life.” After the pandemic hit, the biggest factors in the weakening of the San Francisco rental market were the emptying out of its office buildings, the decline in high- tech employment, and the subsequent decline in population. That situation began to turn around in 2025 with the rapidly accelerating AI start-up boom occurring in the city. According to Apartment List, San Francisco has experienced the fastest rent growth of any major city in the country over the past 12 months – approximately 12.4% – and rents are rapidly approaching pre-pandemic prices.
Wall Street Journal , “A 1125-Foot Sign of Life for San Francisco’s Office Comeback,” 9/2/25
Listings Closing Sale in Quarter San Francisco Apartment Building Market – 5+ Units
60
Q3 2025 sales dropped back from the peak in Q2, but rose 16% year over year.
50
40
30
20
Pandemic hits
10
Interest rates soar
Closed sales are a lagging indicator, typically reflecting offers accepted 4 to 8 weeks earlier.
0
*Sales reported to NorCal Regional MLS. Data from sources deemed reliable, but may contain errors and subject to revision. All numbers approximate, and may change with late-reported sales. Not all sales are reported to MLS.
Average Gross Rent Multiple by Year San Francisco 5+ Unit Apartment Building Sales
How this analysis applies to any particular property is unknown without a specific comparative market analysis.
17.8
2025 refers to Q1, Q2 & Q3 data and should be considered preliminary until full year data is available.
18
17.6
17.3 17.3
17
16.5
16.0
15.9
16
15.6
15.3
15
14.5 14.6
14
13.2
13
12.5
12.1
12.1
12
11.1 11.1
11
10
Interest rates soar ↑
Great recession
9
YTD
8
GRM is calculated by dividing the sales price by the annual gross rents. It is a very general statistic and all numbers should be considered very approximate. This data is from sources deemed reliable, but may contain errors and subject to revision. Outlier sales that would distort the statistic were deleted from the analysis when identified. Based on data provided by listing agents, which can vary in reliability.
Average Annual Cap Rate* San Francisco 5+ Unit Apartment Building Sales
2025 refers to Q1, Q2 & Q3 data and should be considered preliminary until full year data is available.
6.1
6.0
6.0
5.9
6
5.4
5
4.8
4.8
4.5
4.3 4.3
4.0
4.0
3.9
3.9
4
3.8
3
Interest rates soar ↑
YTD
2
Capitalization rate calculations – sales price divided by net income (excluding mortgage costs), or return on investment as if the property had been purchased all cash – are only as good as the income and expense data provided by listing agents, and should be considered general approximations. Data from sources deemed reliable but may contain errors and is subject to revision. Outlier sales that would distort the statistic were deleted from analysis when identified.
Average Dollar per Square Foot by Year San Francisco 5+ Unit Apartment Building Sales
2025 refers to Q1, Q2 & Q3 data and should be considered preliminary until full year data is available.
Because of the relatively small number of sales and the huge variety in buildings sold, average dollar per square foot is a very general statistic when applied to investment property sales. Dollar per square foot values have dropped significantly since the market shifted in mid-2022 with the big jump in interest rates. Average and median $/sq.ft. calculations will be different, though both are legitimate measurements of value and the trends are typically similar.
$562
$546 $548
$542
$550
$536
$533
$506
$501
$500
$450
$435
$428
$405 $400
$396
$400
$348
$350
$330
Great recession
Interest rates soar ↑
$297 $296
$300
$284 $285
$266 $268
$257
$250
$200
YTD
$150
Data is from sources deemed reliable, but may contain errors and subject to revision. All numbers are approximate, and may change with late-reported sales. Outlier data adjusted when identified.
Median Sales Price by Year San Francisco 5+ Unit Apartment Building Sales
2025 refers to Q1, Q2 & Q3 data and should be considered preliminary until full year data is available.
$3,000,000
$2,500,000
$2,000,000
Interest rates soar ↑
$1,500,000
Because of the relatively small number and huge variety in buildings sold, median sales price is an extremely general statistic when applied to investment property sales. It can be affected by other factors besides changes in fair market value, and how this analysis applies to any particular property is unknown without a specific comparative market analysis.
$1,000,000
YTD
$500,000
Data is from sources deemed reliable, but may contain errors and subject to revision. All numbers are approximate, and may change with late-reported sales. Outlier data adjusted when identified.
Average Price per Unit by Year San Francisco 5+ Unit Apartment Building Sales
2025 refers to Q1, Q2 & Q3 data and should be considered preliminary until full year data is available.
How this analysis applies to any particular property is unknown without a specific comparative market analysis.
$450,000
$400,000
$350,000
$300,000
Great recession
$250,000
$200,000
$150,000
YTD
$100,000
Because of the huge variety in buildings sold, this is a very general statistic when applied to SF investment property sales. This data is from sources deemed reliable but may contain errors and subject to revision. Outlier sales deleted when identified. All numbers should be considered very approximate.
Percentage of Listings Accepting Offers in Quarter San Francisco 5+ Unit, Multi-Family Building Market Dynamics
Absorption rate measures demand as compared to the supply of properties available to buy: The higher the percentage, the greater the number of listings in contract vs. the number of buildings available to buy. The Q3 2025 rate rose from Q2, to hit its highest quarterly percentage in 7 years.
40%
35%
30%
Interest rate increases hit market.
25%
20%
15%
10%
Pandemic hits
5%
35% 38% 18% 32% 29% 32% 33% 34% 29% 14% 18% 22% 26% 31% 28% 29% 27% 35% 13% 17% 15% 19% 17% 22% 22% 35% 25% 35% 28% 33% 39% 0%
Per SFARMLS sales data. These analyses were performed in good faith with data derived from sources deemed reliable, but may contain errors and are subject to revision. Percentages rounded. All numbers to be considered approximate, and may change with late-reported activity. Not all listings or sales are reported to MLS.
San Francisco Residential Rents – Approximate, Good Faith Estimates* Average Asking Rent, 1994 – Present, Q1 Data Points (except as labeled otherwise)
- 8%
2015
Year over year, Q3 2025 rents rose approximately 12.4% – according to Apartment List, San Francisco has seen the highest rate of rent appreciation of any major city in the country this past year. Rents are now approaching pre-pandemic prices. Estimates in this chart use Apartment List, Zillow & Socketsite.com data*
Q1 2020
- 25%
Q3 2025
$3,500
Q1 2024
$3,250
Pandemic hits ↑
$3,000
$2,750
| 2012-2019 recovery and new high-tech boom |
- 5%
- 25%
$2,500
Q4 2020
Dotcom peak →
$2,250
↑ 2008 financial markets crash
$2,000
$1,750
*Unlike property sales, there is no central place where signed lease rates are reported and recorded. Due to the different methodologies used to calculate these numbers from various data sources since 1994, plus free-rent and other incentives, these are very general estimates of overall trends in rent rates.
↑ Dotcom bubble pops
$1,500
$1,250
$1,000
1 st quarter data points except as noted. Numbers are estimated using data from a variety of rental data sources over the past 25+ years, using differing methodologies. Data from sources deemed reasonably reliable but may contain errors and subject to revision . All numbers are good-faith estimates and very approximate.
5+ Unit Multi-Family Building Markets 12 Months Sales, by San Francisco Realtor District*
How these analyses apply to any particular property is unknown without a specific comparative market analysis.
San Francisco Realtor District
Median Sales Price
Median $/Sq.Ft.
Median # of Units
Median Size (Sq.Ft.)
Median GRM/ Cap Rate*
Avg. Days on Market
Pacific & Presidio Heights, Cow Hollow & Marina (D7) Noe, Eureka & Cole Valleys; Ashbury & Corona Hghts (D5) Lake Street, Richmond District, Jordan Park (D1) NoPa, Alamo Square, Hayes Valley, Lwr Pacific Heights (D6) Russian, Nob & Telegraph Hills; North Beach (D8, North) Sunset, Parkside (District 2)
$4,850,000 $487/sq.ft.
12 units
8370 sq.ft.
12.5/ 5.3
32 days
$2,350,000 $365/sq.ft.
6 units
6319 sq.ft.
11.0/ 5.9
56 days
$2,675,000 $371/sq.ft.
10 units
7012 sq.ft.
10.8/ 6.1
50 days
$2,810,000 $383/sq.ft.
7 units
8569 sq.ft.
11.0/ 6.0
48 days
$2,550,000 $408/sq.ft.
10 units
7416 sq.ft.
11.4/ 6.0
60 days
$2,250,000 $387/sq.ft.
6 units
4852 sq.ft.
11.3/ 6.3
55 days
Mission, Bernal Heights, Potrero Hill, SoMa (D9)
$1,700,000 $311/sq.ft.
6 units
5860 sq.ft.
10.3/ 6.7
65 days
Downtown, Tenderloin, Civic Center (D8, South)
$1,895,0000 $215/sq.ft. Too few sales 9420 sq.ft.
Too few sales
49 days
* GRM = Gross Rent Multiple. Median price is that price at which half the sales occurred for more and half for less. Dollar per square foot is based upon the building’s interior living space and does not include garages, storage, unfinished attics and basements, or rooms built without permit. Cap rate measures the % return on investment – income less expenses – if the property was purchased all cash. These statistics are gross generalities for sales with wide disparities in size, quality, condition, tenant profile, rent control factors, and values. Realtor districts contain neighborhoods of varying values. Not all sales are reported to MLS.
*12 months sales reported to NorCal MLS Alliance by late September 2025. Data from sources deemed reliable but may contain errors and subject to revision. Not all sales reported the data used in this analysis. May include some mixed-use properties. All numbers approximate and may change with late-reported sales.
Multi-Unit Residential Property Sales, 5+ Units 12 Months Sales, by San Francisco Realtor District*
5-9 Units
10-15 Units
16 + Units
Noe, Eureka & Cole Valleys (D5)
32
6
3
1911
Russian, Nob & Tel Hills; Financial Dist. (D8 N.)
18
12
7
1912
Inner Mission, Bernal, SoMa (D9)
18
7
1908
◄ Median year of construction
Hayes Valley/ NoPa/ Alamo Square (D6)
15
5
4
1910
◄ Median year of construction
Pacific Heights/ Marina/ Cow Hollow (D7)
8
8
5
1925
The city’s 5+ unit apartment building market is dominated by older, wood- frame buildings of 5-9 units.
Sunset/Parkside (D2)
11
2
2
1960
Richmond District/ Lake Street (D1)
The median year of construction for sales during the past 12 months was 1916.
1959
6
6
Downtown, Tenderloin, Civic Center (D8 S.)
Districts include other neighborhoods besides those delineated.
2
1
2
1912
*12 months sales reported to NorCal MLS Alliance by late September 2025. Data from sources deemed reliable but may contain errors and subject to revision. All numbers are approximate, and late reported sales may change numbers. Not all sales are reported to MLS. Other city districts had fewer sales in the period.
San Francisco 5+ Unit Apartment Building Sales 12 Months Sales by Price Segment*
How these analyses apply to any particular property is unknown without a specific comparative market analysis.
5-9 Unit Buildings
10-15 Unit Buildings
16+ Unit Buildings
Median Sales Price, Size & $/Sq.Ft. Value, & Avg. Days on Market • 5-9 Unit Bldgs $2,100,000 5170 sq.ft. $385/sq.ft. 54 days on market • 10-15 Unit Bldgs $4,042,500 10,282 sq.ft. $374/sq.ft. 62 days on market • 16+ Unit Bldgs $7,150,000 16,131 sq.ft. $378/sq.ft. 57 days on market
30
27
▲ These numbers are generalities based upon a wide range of sales at very different prices, and in very different circumstances and locations.
22
20
19
11
11
9
6
5
5
4
3
2
1
1
1
1
1
1
1
1
0
0
Under $1.5m $1.5m - $1.99m
$2m - $2.49m
$2.5m - $2.99m
$3m - $3.99m
$4m - $4.99m
$5m - $6.99m
$7m+
*12 months sales reported to NorCal MLS Alliance by late September 2025. Data from sources deemed reliable, but subject to error and revision. All numbers approximate and may change with late-reported sales. Not all sales are reported to MLS.
Selected Demographic & Economic Indicators
San Francisco Population Trends since 2010 U.S. Census Estimates, July 1 st to July 1 st
Changes measured from July 1 st of previous year to July 1 st of labeled year.
877,471 879,676 878,826
874,826
871,343
875,000
863,237
2023 to 2024, the county saw negative domestic migration, positive foreign migration, and more births than deaths – to total a 1% increase.
850,918
850,000
839,695
828,963
827,526
825,000
819,151
815,694
815,498 814,176
805,519
800,000
Population changes are driven by domestic and foreign migration into and out of the county, and by natural causes, i.e. births less deaths. 2023 to 2024, the county saw negative domestic migration, positive foreign migration, and more births than deaths.
Pandemic hits ▲ Data pertaining to changes in rent rates, rental vacancy rates, and median household income indicates that the greatest loss of residents 2020-2021 was of tenants.
775,000
750,000
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Estimates as of July 1 of each year. 2020-2024 data published March 13, 2025 by U.S. Census. The Census often revises numbers in subsequent estimates. All numbers to be considered approximate.
San Francisco Employment Trends Number of Employed Residents, by Month since 2016*
According to EDD, San Francisco employment numbers remain down by about 7% from early 2020 before the pandemic struck.*
525,000
500,000
475,000
450,000
Pandemic hits ▲ 15% drop in employment
Updated through August 2025
425,000
*Per California Employment Development Dept. (EDD) . Last month’s data is labeled “preliminary” by EDD. EDD often goes back to revise past data releases. Data from sources deemed reliable but may contain errors and subject to revision . All numbers should be considered approximate.
Owner & Tenant Occupancy Percentage of Housing Units, by Bay Area County
Per U.S. Census 2024 1-Year ACS estimates published September 2025
68.5%
70%
San Francisco is the only Bay Area County with a majority tenant population ▼ (though some cities within other counties also have tenant majorities).
64.5% 65% 65%
65%
63%
61.5%
60%
58%
57%
54% 54.5%
55%
53%
Owner Occupied
50%
Tenant Occupied
47%
45%
46% 45.5%
43%
42%
40%
38.5%
37%
35%
31.5%
35.5% 35% 35%
30%
San Francisco
Monterey Santa Clara
Alameda San Mateo
Santa Cruz
Solano Napa Sonoma Marin Contra Costa
Percentage of occupied housing units occupied by owners or tenants. Data derived from sources deemed reliable, but may contain errors and are subject to revision. All numbers approximate.
Median Resident Income Residents 25+ Years of Age, by Bay Area County
Per U.S. Census 2024 1-Year ACS estimates published September 2025
$100,000
$92,370
$90,281
$82,384
$80,803
$75,558
$75,000
$71,615
$70,608
$61,144
$59,409 $60,429
$50,000
$46,574
$25,000
$0
Monterey Santa Cruz
Solano Sonoma Napa Contra Costa
Alameda Marin San Mateo
Santa Clara
San Francisco
2024 inflation adjusted estimates. These analyses were performed in good faith with data derived from sources deemed reliable, but may contain errors and are subject to revision. Published with margins of error. All numbers approximate.
Mortgage Interest Rates in 2023-2025 YTD 30-Year Conforming Fixed-Rate Loans, Weekly Average Readings*
7.8
Per Freddie Mac (FHLMC), on October 2, 2025 the weekly average, 30-year, conforming-loan interest rate rose slightly to 6.34%.
7.6
7.4
7.2
Jan. 2025
Fed begins reducing its benchmark rate.
Fed’s first 2025 rate cut
7.0
Jan. 2024
6.8
6.6
Jan. 2023
6.4
6.2
Rates vary widely according to the property, price, borrower and lender.
Updated 10/2/25
6.0
*Freddie Mac (FHLMC), 30-Year Fixed Rate Mortgage Weekly Average: https://www.freddiemac.com/pmms. Data from sources deemed reliable. Different sources of mortgage data sometimes vary in their determinations of daily and weekly rates. Data from sources deemed reliable but may contain errors. All numbers approximate.
Federal Funds Interest Rate since 1981 & Economic Interventions by Federal Reserve Bank*
Updated September 17, 2025
In September 2024, the Fed reduced the rate by a half point, and then by a quarter point in November and December. This past September, the rate was reduced for the first time in 2025 by another quarter point. Further cuts are expected.
20
◄ Early 1980’s: Fed aggressively raises fed funds target rate to lower inflation rate
18
16
Early 1990’s recession: Fed drops target interest rate 18 times, 1990-92
14
2022/2023/2024: Acting to counter inflation, Fed increases target rate 11 times, then pauses 8/2023 – 8/2024
Dotcom crash, 9/11 attack: Fed drops fed fund rate 12 times, 2001-02
12
Subprime crash: Fed drops rate 10 times to effectively zero in 2007-08
10
8
2019, 2020, 2021: With the pandemic, the Fed drops the rate to effectively zero
6
Junk bond boom
Dotcom boom
4
High-tech & pandemic booms
2
Subprime boom
0
* Per Federal Reserve Bank of St. Louis and New York; https://fred.stlouisfed.org/series/FEDFUNDS; Last reading per https://www.newyorkfed.org/markets/reference-rates/effr. Other data referenced from sources deemed reliable but may contain errors and subject to revision.
Nasdaq Composite Index Since January 1995
Updated through 10/3/25
10,000 11,000 12,000 13,000 14,000 15,000 16,000 17,000 18,000 19,000 20,000 21,000 22,000 23,000
2025
“The Nasdaq Composite Index is a market capitalization- weighted index of more than 2,500 stocks listed on the Nasdaq stock exchange. It is a broad index that is heavily weighted toward the important technology sector.” Investopedia.com The Nasdaq hit a new all-time high in early October 2025. The S&P 500 Index, not illustrated here, also hit a new peak. Changes in stock market values have a large impact on housing markets, especially more affluent, higher price segments.
2024
2021
▲ Tariff shock
▲ Interest rates soar
0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000
2018
▲ Pandemic hits
2015
2000
2007
1995
Per https://fred.stlouisfed.org/series/NASDAQCOM. Because of number of data points, not every week has a separate column. Data from sources deemed reliable but may contain errors and subject to revision. For general illustration purposes only.
Inflation: Consumer Price Index (CPI), 2021 – 2025 YTD* Year-over-Year Percentage Change, by Month
8.9
9
8.6
8.5
8.4
8.28.2
8.2
The general “CPI-All Items” inflation reading for August 2025 rose to 2.9%. “Core CPI” (all items except food & energy, not illustrated on this chart) rose to 3.1%.*
7.9
7.8
8
7.5
7.1
7.1
6.8
7
6.46.4
6.2
6.0
6
5.4
5.35.3
CPI - All Items
5.2
4.9
4.94.9
5
Updated through 9/11/25 release
4.2
4.1
3.73.7
4
3.53.4
3.23.1 3.3
3.3
3.3
3.13.2
3.1
3.02.9
2.9
2.93.0 2.8
3
2.72.7
2.7
2.6
2.62.7
2.42.32.4
2.4
2
1.7
1.4
1
The “target inflation rate” for the Federal Reserve Bank is 2%.
0
*Consumer Price Index for All Urban Consumers: All Items in U.S. City Average [CPIAUCSL], per Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/graph/?g=8dGq. Data from U.S. Bureau of Labor Statistics. CPIAUCSL is a price index of a basket of goods and services paid by urban consumers. This index includes roughly 88 percent of the total population. Data from sources deemed reliable but may contain errors and subject to revision.
Economic Policy Uncertainty Index* By Month since January 2000
April 2025
450
The Economic Policy Uncertainty Index reading in September 2025 declined from August, having plummeted since April’s tariff shock, though remaining high by long-term norms.
400
Pandemic hits
The Economic Uncertainty Index is constructed from data analysis of 1) an index of search results from 10 large newspapers for terms related to economic and policy uncertainty, 2) reports by the Congressional Budget Office, and 3) the Federal Reserve Bank of Philadelphia's Survey of Professional Forecasters.*
May 2025
350
300
August 2025
250
Sept. 2025
Dotcom crash & 9/11
200
150
Subprime crash & great recession
100
2025
Updated through September 2025
50
*Source: 'Measuring Economic Policy Uncertainty' by Scott Baker, Nicholas Bloom and Steven J. Davis, 3- component index, www.PolicyUncertainty.com, https://www.policyuncertainty.com/us_monthly.html. Data from sources deemed reliable, but numbers to be considered approximate and subject to revision.
U.S. Jobs Report * Monthly Change in Number of Jobs, in Thousands*
Monthly Change in U.S. Non- Farm Employment, in Thousands
500
482
Note: BLS often revises its monthly estimates, sometimes very substantially: For example the original May-June 2025 estimate of 291,000 new jobs has been revised down to 6,000. Weak employment growth in recent months has raised both fears regarding the U.S. economy and hopes of interest rate cuts by the Federal Reserve Bank.
400
323
310
303
290
287
300
278
261
256
246
240
240
236
210
Updated as of 9/12/25
193
184
200
182
165
158
146
120
118
111
102
87 88
100
79
71
44
22
19
-13
0
*U.S. Bureau of Labor Statistics, “All employees, thousands, total nonfarm, seasonally adjusted”: https://data.bls.gov/timeseries/CES0000000001&output_view=net_1mth. Last 2 readings are labeled “preliminary” and often substantially revised. Data from sources deemed reliable but may contain errors.
San Francisco Demographic Snapshot Median Resident Earnings & Percentage of Population by Level of Education*
$153,014
San Francisco is one of the most educated and affluent counties in the country. Of California counties, it has the 2 nd highest percentage of residents (after Marin) with either Bachelor’s, Graduate or Professional degrees. Among holders of bachelor’s, graduate and professional degrees, median earnings can vary enormously depending on the specialty of the degree, i.e. liberal arts, education, social services, business, computer science, law, medicine and so on.
$140,000
$120,000
$110,135
$100,000
$80,000
$60,000
$53,896
$46,939
$36,833
$40,000
$20,000
11.1%
10.6%
17.3%
35.2%
25.7%
$0
No high school diploma
High school diploma
Some college or AA degree
Bachelor's degree
Graduate or Professional degree
* U.S. Census 2024 ACS 1-Year Estimates, published September 2025. Residents 25+ years of age. Income estimates pertain to residents with earnings,. Data from sources deemed reliable, but may contain errors and subject to revision. Estimates often published with significant margins of error.
Median Age of Residents by Bay Area County
2024 U.S. Census ACS 1-year estimates, released 9/2025
48.2
45
43.4 43.7
41.5
41.1
40.5 40.5
39.5 39.7
40
38.3
34
35
30
25
Monterey Santa Clara
Alameda Solano Santa Cruz
San Francisco
Contra Costa
San Mateo
Sonoma Napa Marin
Derived from sources deemed reliable, but may contain errors and are subject to revision. All numbers should be considered approximate.
Foreign-Born Residents Percentage of Population, by Bay Area County
2024 U.S. Census ACS 1-year estimates, released 9/2025
The largest source of the foreign-born populations of Santa Clara, San Mateo, San Francisco, Alameda, Contra Costa & Solano Counties has been from Asian countries – especially China and India – while in Monterey, Sonoma, Napa, Marin and Santa Cruz, the largest share came from Latin America.
42%
40%
36%
35%
34%
35%
Approximately 55% to 60% of foreign-born Bay Area residents are now naturalized U.S. citizens.
30%
30%
28%
25%
22%
21%
20%
20%
17% 17%
15%
10%
5%
0%
Santa Clara
San Mateo
Alameda San
Monterey Contra Costa
Solano Napa Marin Santa Cruz
Sonoma
Francisco
These analyses were performed in good faith with data derived from sources deemed reliable, but may contain errors and are subject to revision. Published with margins of error. All numbers approximate.
San Francisco 5+ Unit Multi-Family Building Sales Number Sold by Broker, Residential Income Properties*
120
Over the 12-month period, Compass closed over 3650 transactions worth more than $7.2 billion in San Francisco residential and residential income sales.*
100
Compass ranks 1 st in the Greater Bay Area for dollar-volume sales.
80
Compass ranks 1 st in the U.S. per RealTrends Dollar-Volume Sales Rankings
60
40
20
118
55
27
19
13
11
9
7
0
Collier's
Coldwell Banker
Marcus & Millichap
Keller Williams
Vanguard
Side
Berkshire
*12 months 5+ unit residential income property sales reported to NorCal MLS Alliance by late June 2025. Analysis made in good faith using transaction-side data, per the MLS Ranking Report of top 30 brokers. Data from sources deemed reliable but should be considered approximate.
Note that the quantity of sales in any given local submarket is usually relatively small and/or the number of sales that report the necessary financial information can be limited. Buildings of different ages, qualities and sizes selling in different periods can cause these average and median figures to fluctuate significantly. Furthermore, the reliability of some of these calculations depends upon the quality of the income and expense figures provided by the listing agents, and sometimes instead of actual numbers, much less meaningful projected or scheduled figures are used. Late reported listings and sales may change these statistics. Therefore, the above statistics should be considered very general indicators, and how they apply to any particular property without a specific comparative market analysis is unknown. These analyses were made in good faith with data from sources deemed reliable, but they may contain errors and are subject to revision. Statistics are generalities and all numbers should be considered approximate. Numbers may change with late-reported sales activity. Compass is a real estate broker licensed by the State of California, DRE 01527235. Equal Housing Opportunity. This report has been prepared solely for information purposes. The information herein is based on or derived from information generally available to the public and/or from sources believed to be reliable. No representation or warranty can be given with respect to the accuracy or completeness of the information. Compass disclaims any and all liability relating to this report, including without limitation any express or implied representations or warranties for statements contained in, and omissions from, the report. Nothing contained herein is intended to be or should be read as any regulatory, legal, tax, accounting or other advice and Compass does not provide such advice. All opinions are subject to change without notice. Compass makes no representation regarding the accuracy of any statements regarding any references to the laws, statutes or regulations of any state are those of the author(s). Past performance is no guarantee of future results.
© 2025 Compass
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