| Trends at a Glance | |||
| (Single-family Homes) | |||
| Aug 09 | Jul 09 | Aug 08 | |
| Home Sales: | 288 | 239 | 195 |
| Median Price: | $625,250 | $785,000 | $845,000 |
| Average Price: | $789,408 | $1,029,159 | $1,126,614 |
| Sale/List Price Ratio: | 99.2% | 98.4% | 99.9% |
| Days on Market: | 57 | 61 | 56 |
| (Lofts/Townhomes/TIC) | |||
| Aug 09 | Jul 09 | Aug 08 | |
| Condo Sales: | 207 | 213 | 198 |
| Median Price: | $632,000 | $619,655 | $725,000 |
| Average Price: | $752,528 | $714,616 | $835,122 |
| Sale/List Price Ratio: | 97.6% | 97.8% | 100.2% |
| Days on Market: | 82 | 85 | 69 |
Sales of single-family, re-sale homes jumped 20.5% in August compared to July. Home sales were also up 47.7% year-over-year. This is the second month in a row home sales have been higher than the year before. Year-to-date, home sales are down 4%.
Condo sales, on the other hand, were down 2.8% month-over-month, but up 4.5% compared to August 2008. This is the first time year-over-year sales were up since October 2007. Year-to-date, condo sales are off 26.4%.
The median price for single-family homes fell sharply last month after rising four months in a row. The median price dropped 20.4% from July, and was down 26% year-over-year. The average price dropped 23.3% month-over-month, and was down 29.9% compared to last August.
The median price for loft/condos in San Francisco rose 2% from July, but was down 12.8% year-over-year. The average price gained 5.3% month-over-month, but was off 9.9% year-over-year.
Sales price to list price ratios for single-family homes rose 0.8 points to 99.2%. The ratio for condos lost 0.2 of a point to 97.6%. The graph below shows the sales price to list price ratio as reported at sale compared to the sales price to original list price ratio.
The following chart shows the median price difference compared to the year before.
Days on market for homes lost four days to 57 days. For condos, days on market dropped three days to 82 days.
The real estate market is very hard to generalize. It is a market made up of many micro markets. For complete information on a particular neighborhood or property, or for an evaluation of your home's worth, call me.
If I can help you devise a strategy, call or click the buying or selling link in the menu to the left.
Complete monthly sales statistics for San Francisco are below. Monthly graphs are available for each district in the city by clicking the links to the left.
| August Sales Statistics | ||||||||
| (Single-family Homes) | ||||||||
| Prices | Unit | Change from last year | ||||||
| Median | Average | Sales | DOM | SP/LP | Median | Average | Sales | |
| San Francisco | $625,250 | $789,408 | 288 | 57 | 75.2% | -26.0% | -29.9% | 47.7% |
| D1: Northwest | $999,950 | $1,431,306 | 16 | 87 | 91.1% | -21.8% | 9.8% | 100.0% |
| D2: Central West | $716,500 | $745,480 | 38 | 37 | 101.6% | -11.3% | -12.6% | -2.6% |
| D3: Southwest | $557,500 | $580,067 | 20 | 45 | 104.7% | -14.2% | -16.8% | 17.6% |
| D4: Twin Peaks | $806,000 | $960,918 | 28 | 80 | 93.4% | -12.6% | -5.7% | 27.3% |
| D5: Central | $1,375,000 | $1,426,694 | 17 | 57 | 96.7% | 6.6% | -2.3% | -51.4% |
| D6: Central North | $915,000 | $915,000 | 2 | 56 | 90.4% | -53.9% | -50.7% | -33.3% |
| D7: North | $2,300,000 | $2,575,700 | 10 | 69 | 95.0% | -31.9% | -25.5% | 0.0% |
| D8: Northeast | $4,500,000 | $4,500,000 | 1 | 84 | 75.1% | 7.5% | 23.0% | -75.0% |
| D9: Central East | $766,000 | $727,112 | 17 | 55 | 97.0% | -1.3% | -6.7% | -5.6% |
| D10: Southeast | $508,000 | $495,017 | 53 | 47 | 100.4% | -3.2% | -11.6% | 35.9% |
| August Sales Statistics | ||||||||
| (Condos/TICs/Co-ops/Lofts) | ||||||||
| Prices | Unit | Change from last year | ||||||
| Median | Average | Sales | DOM | SP/LP | Median | Average | Sales | |
| San Francisco | $632,000 | $752,528 | 207 | 82 | 97.6% | -12.8% | -9.9% | 4.5% |
| D1: Northwest | $656,250 | $725,150 | 10 | 73 | 99.6% | -19.0% | -17.2% | 11.1% |
| D2: Central West | $600,000 | $585,000 | 3 | 43 | 97.6% | -33.3% | -35.0% | 200.0% |
| D3: Southwest | $285,000 | $305,000 | 3 | 57 | 104.6% | n/a | n/a | n/a |
| D4: Twin Peaks | $575,000 | $575,000 | 1 | 94 | 96.6% | -17.9% | -15.2% | -80.0% |
| D5: Central | $742,500 | $775,157 | 28 | 80 | 98.2% | -10.5% | -15.4% | -28.2% |
| D6: Central North | $730,000 | $771,517 | 24 | 69 | 98.8% | 1.4% | 3.0% | 4.3% |
| D7: North | $830,750 | $881,219 | 16 | 64 | 98.5% | -14.8% | -31.7% | -27.3% |
| D8: Northeast | $767,000 | $1,127,083 | 36 | 99 | 96.3% | 14.5% | 36.9% | 38.5% |
| D9: Central East | $580,000 | $676,062 | 59 | 97 | 97.0% | -9.4% | -2.7% | -16.9% |
| D10: Southeast | $341,000 | $352,562 | 8 | 58 | 103.4% | -35.4% | -33.2% | 300.0% |
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