August Market Update: Bay Area

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Key takeaways for the month

Overall, August’s data shows that competition is remaining strong in the Bay Area. 

  • The number of homes listed in San Francisco is down significantly from July, seeming to contradict the recent buzz that the city is experiencing a mass exodus
  • List prices are down while sale prices are up, indicating that sellers are listing low to encourage competition because they trust the market
  • Competition is also indicated by the sale-to-list price ratio increasing
  • Days on market rose in most areas, likely due to slowed velocity caused by COVID restrictions adding steps to showing homes and eliminating open houses

Competition snapshot

Our Research Team looked into sales in the hottest zip codes in the South Bay for a snapshot of competitiveness in the local market.

The researched homes are a sample of the resale market for single-family houses and townhomes, excluding new construction, listed for $1,200,000 – $1,800,000 in select zip codes in Santa Clara, Sunnyvale, and Mountain View.

Sale Price

Based on date the property sold.

List Price

Based on date the property was listed.

Sale Price Compared to List Price

Based on date the property sold.

Days on Market

Based on the number of days between the list date and the date the property went pending, except when sold date is earlier than pending (then based on date sold).

Number of Properties Listed

Based on date the property was listed.

Number of Properties Pending Sale

Based on the date the property went pending, except when sold date is earlier than pending (then based on date sold).

Number of Properties Sold

Based on date the property sold.


San Francisco includes data for the city of San Francisco.

East Bay includes data for Oakland and Berkeley.

South Bay includes data for San Jose, Santa Clara, and Sunnyvale.


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