This week several areas of San Francisco real estate show relative gains in price and number of sales as compared to a year ago at the same time.
More Single Family Homes were sold this month and only at slightly lower prices. The San Francisco market saw increased Condo/TIC/Loft sales at about a 15% price discount. 2-4 unit sales also showed an increase in the number of sales and at a 15% gain compared year to year.
The one constant remains that days on market are faily long, mostly due to a more rigorous environment for obtaining financing.
Currently there are 567 Single Family Homes, 1207 Condos/TIC/Lofts and 241 2-4-unit buildings listed for sale on the Multiple Listing Service in Districts 1-9 in San Francisco.
Last 30 Days:
225 Single Family Homes sold after an average of 56 days on the market.
- Average Listing Price was $1,104,332
- Average Selling Price was $1,158,747
283 Condo/T.I.C/Loft sold after an average of 84 days on the market.
- Average Listing Price was $731,285
- Average Selling Price was $727,276
48 2-4 Unit Buildings sold after an average of 88 days on the market
- Average Listing Price was $1,415,556
- Average Selling Price was $1,508,690
Same 30 day period 1 year ago:
135 Single Family Homes sold after an average of 48 days on the market.
- Average Listing Price was $1,151,614
- Average Selling Price was $1,164,114
182 Condos/TIC/Lofts sold after an average of 60 days on the market.
- Average Listing Price was $862,780
- Average Selling Price was $854,841
27 2-4 Unit Buildings sold after an average of 66 days on the market
- Average Listing Price was $1,307,111
- Average Selling Price was $1,307,926
The information is based on:
A 3 bedroom 2 bath home of approximately 1817 sq ft., a 2 bedroom 1.5 bathroom Condo of approximately 1,249 sq ft. and a 2-4 unit building of approximately 3,133 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
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