March 21st, 2011
This is the Market Data handout I use in my open houses to help people understand the broad picture of the San Francisco market. In order to get enough data to present a meaningful snap-shot of the market, I use data taken from the San Francisco Multiple Listing Service for the nine areas of San Francisco I serve. I also use averages as opposed to median data, because I feel it is not only more accurate, but less influenced by the effect of short-sale and foreclosure transactions, of which there are fewer in San Francisco than in some other areas of California and the United States. In recent weeks I have seen the amount of inventory increase, the sales prices increase slightly and the days on market in all categories decrease. This is most likely a seasonal fluctuation as we enter the prime selling part of our year here in San Francisco.
San Francisco Market Data as of Sunday March 20, 2011
Presently there are 501 Single Family Homes, 1017 Condos/TIC/Lofts and 202 2-4 units listed for sale on the Multiple Listing Service in Districts 1-9 in San Francisco.
Last 30 Days:
197 Single Family Homes sold after an average of 58 days on the market.
~ Average Listing Price was $1,187,756
~ Average Selling Price was $1,212,927
287 Condo/T.I.C/Loft sold after an average of 74 days on the market.
~ Average Listing Price was $777,879
~ Average Selling Price was $761,840
34 2-4 Units sold after an average of 87 days on the marke
~ Average Listing Price was $1,348,116
~ Average Selling Price was $1,407,405
Same 30 day period 1 year ago
149 Single Family Homes sold after an average of 60 days on the market.
~ Average Listing Price was $1,113,321
~ Average Selling Price was $1,109,902
178 Condos/TIC/Lofts sold after an average of 66 days on the market.
~ Average Listing Price was $756,314
~ Average Selling Price was $740,178
29 2-4 units sold after an average of 101 days on the market
~ Average Listing Price was $1,135,772
~ Average Selling Price was $1,091,397
The information is based on:
A 3 bedroom 2 bath home of approximately 1,992 sq ft. and a 2 bedroom 1.5 bathroom Condo of approximately 1,183 sq ft and a 2-4 Unit Building of approximately 3,042 sq ft. All data subject to ERRORS, OMISSIONS, or REVISIONS and is NOT WARRANTED. – Copyright: 2006 by San Francisco Assoc of REALTORS Copyright ©2007 Rapattoni
Posted by:
Bill Wygant