San Francisco Northwest District Annual Real Estate Market Trends

Neighborhoods

Central Richmond
Inner Richmond
Jordan Lake/Laurel Heights
Lake
Outer Richmond
Sea Cliff
Lone Mountain
Northwest
(Single Family Homes)
  Prices Other   Percent Change
Average Median Sold DOM SP/LP SP/OLP Average Median Sold
2000 $959,278 $695,000 207 30 110.3% 110.3%      
2001 $901,366 $690,000 209 32 100.2% 100.2% -6.0% -0.7% 1.0%
2002 $1,006,535 $797,000 238 40 101.6% 101.0% 11.7% 15.5% 13.9%
2003 $1,116,417 $825,000 252 40 101.3% 99.1% 10.9% 3.5% 5.9%
2004 $1,144,193 $925,000 238 29 107.2% 106.6% 2.5% 12.1% -5.6%
2005 $1,447,509 $1,185,000 201 32 106.6% 105.7% 26.5% 28.1% -15.5%
2006 $1,368,409 $1,077,500 186 38 102.8% 101.8% -5.5% -9.1% -7.5%
2007 $1,575,257 $1,160,000 191 34 102.7% 101.7% 15.1% 7.7% 2.7%

Northwest
(Condos/Town Homes/Flats)
  Prices Other   Percent Change
Average Median Sold DOM SP/LP SP/OLP Average Median Sold
2000 $641,813 $612,500 104 22 112.2% 112.2%      
2001 $610,205 $568,500 88 45 101.3% 101.3% -4.9% -7.2% -15.4%
2002 $561,531 $530,000 155 40 102.5% 101.9% -8.0% -6.8% 76.1%
2003 $603,394 $610,000 155 50 101.3% 99.9% 7.5% 15.1% 0.0%
2004 $683,518 $655,000 168 36 107.7% 106.9% 13.3% 7.4% 8.4%
2005 $798,564 $749,000 177 37 109.5% 107.3% 16.8% 14.4% 5.4%
2006 $784,913 $718,750 170 54 103.3% 101.8% -1.7% -4.0% -4.0%
2007 $873,548 $835,000 179 49 102.7% 101.3% 11.3% 16.2% 5.3%

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DEFINITIONS

Median Price
Median Price is the price at which 50% of properties sold were above that price and 50% were below.
Average Price
Average Price is the sum of all prices divided by the number of sales.
DOM
Average Days on Market is calculated from when a property was first put on the market until it was put under contract, or taken off the market.
SP/LP
The average selling price divided by the average list price.
SP/OLP
The average selling price divided by the average original list price. This is the price the property was first listed at, with that agent.