July Market Update: Bay Area

San Francisco signage

Key Takeaways for the Month

Overall, we’re seeing that San Francisco and the East Bay continue to be more volatile after the onset of COVID-19 than the South Bay. Ups and downs happening now aren’t as drastic as in March and April, but we continue to see slight rises and falls, indicating that the San Francisco and East Bay markets haven’t yet fully recovered.  

  • Single-family homes and townhomes in San Francisco and the East Bay saw drops in sale price after a spike up in June. 
  • The number of properties listed in July largely went up as COVID-19 restrictions on touring homes have been loosened. The city of San Francisco saw a small drop, but stayed significantly ahead of where it was at its lowest point in April. 
  • After a huge jump in the number of homes pending over May and June, July saw a continued increase. 

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 data is for the city of San Francisco.
East Bay data is for Oakland and Berkeley.
South Bay data is for San Jose, Santa Clara, and Sunnyvale.


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