| Trends at a Glance | |||
| (Single-family Homes) | |||
| Jun 08 | May 08 | Jun 07 | |
| Home Sales: | 212 | 224 | 215 |
| Median Price: | $827,500 | $878,250 | $930,000 |
| Average Price: | $1,244,351 | $1,318,214 | $1,270,620 |
| Sale/List Price Ratio: | 100.1% | 100.8% | 103.7% |
| Days on Market: | 46 | 38 | 34 |
| (Lofts/Townhomes/TIC) | |||
| Jun 08 | May 08 | Jun 07 | |
| Home Sales: | 214 | 254 | 298 |
| Median Price: | $773,750 | $790,000 | $755,000 |
| Average Price: | $879,281 | $891,363 | $899,079 |
| Sale/List Price Ratio: | 99.9% | 99.8% | 103.0% |
| Days on Market: | 69 | 57 | 45 |
Sales of single-family, re-sale homes fell 5.4% last month compared to May, and were down, year-over-year, by 1.4%. Year-to-date, home sales are down 9.9%.
Loft/condo sales fell more dramtically, dropping 15.7% from May, down 28.2% year-over-year. Year-to-date, loft/condo sales are off 26.3%.
The median price for single-family, re-sale homes lost 5.8% from May, and, it was down 11% year-over-year. The average price was off 5.6%, and, it was down 2.1% compared to last June.
The median price for loft/condos in San Francisco fell 2.1% from May, but, was up 2.5% year-over-year. The average price for condos dropped 1.4% from May. The average price was down 2.2% year-over-year.
Sales price to list price ratios for single-family homes dropped 0.7 of a point to 100.1%. The ratio for condos fell 0.1 of a point to 99.7%. 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.
Days on market rose eight days to 46 for homes, and was up twelve days to 69 for condos.
The real estate market is very hard to generalize. It is a market made up of many micro markets. As Leslie Appleton-Young, chief economist for the California Association of Realtors, recently said, "Knowing the median price is interesting, but it is as indicative of the value of your home as knowing the median temperature in America is to predicting the local weather."
For complete information on a particular neighborhood 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.
| June Sales Statistics | ||||||||
| (Single-family Homes) | ||||||||
| Prices | Unit | Change from last year | ||||||
| Median | Average | Sales | DOM | SP/LP | Median | Average | Sales | |
| San Francisco | $827,500 | $1,244,351 | 212 | 46 | 98.2% | -11.0% | -2.1% | -1.4% |
| D1: Northwest | $1,099,000 | $1,188,524 | 21 | 35 | 103.0% | 18.7% | 9.8% | 10.5% |
| D2: Central West | $801,000 | $850,311 | 37 | 36 | 100.1% | -4.1% | -4.6% | -21.3% |
| D3: Southwest | $630,000 | $725,293 | 15 | 38 | 99.6% | -31.1% | -22.4% | -16.7% |
| D4: Twin Peaks | $960,500 | $1,129,845 | 31 | 55 | 94.9% | -16.5% | -7.7% | 47.6% |
| D5: Central | $1,376,000 | $1,562,148 | 27 | 48 | 97.3% | -1.5% | 3.9% | -25.0% |
| D6: Central North | $1,720,000 | $1,753,800 | 5 | 74 | 100.4% | -20.4% | -11.3% | 0.0% |
| D7: North | $4,900,000 | $6,387,500 | 10 | 38 | 98.2% | 22.2% | 46.9% | -16.7% |
| D8: Northeast | $5,500,000 | $5,500,000 | 1 | 87 | 91.7% | 77.4% | 77.4% | 0.0% |
| D9: Central East | $752,500 | $806,660 | 18 | 43 | 99.8% | -21.9% | -25.5% | -30.8% |
| D10: Southeast | $565,000 | $566,713 | 47 | 51 | 96.6% | -17.5% | -18.3% | 56.7% |
| June Sales Statistics | ||||||||
| (Condos/TICs/Co-ops/Lofts) | ||||||||
| Prices | Unit | Change from last year | ||||||
| Median | Average | Sales | DOM | SP/LP | Median | Average | Sales | |
| San Francisco | $773,750 | $879,281 | 214 | 69 | 99.9% | 2.5% | -2.2% | -28.2% |
| D1: Northwest | $930,500 | $974,900 | 10 | 61 | 99.2% | 3.4% | -2.7% | -41.2% |
| D2: Central West | $764,000 | $764,000 | 2 | 74 | 99.3% | -17.0% | -3.1% | -33.3% |
| D3: Southwest | - | - | - | - | - | n/a | n/a | n/a |
| D4: Twin Peaks | $580,000 | $615,000 | 3 | 41 | 99.5% | 18.4% | 24.4% | -57.1% |
| D5: Central | $809,000 | $866,974 | 39 | 66 | 100.9% | 24.5% | 10.4% | -23.5% |
| D6: Central North | $525,000 | $543,292 | 19 | 71 | 99.1% | -26.1% | -26.2% | -32.1% |
| D7: North | $1,122,500 | $1,208,138 | 24 | 35 | 103.8% | 2.0% | -3.0% | -52.9% |
| D8: Northeast | $854,000 | $970,709 | 43 | 77 | 99.1% | 11.0% | -9.8% | -6.5% |
| D9: Central East | $749,000 | $845,219 | 68 | 79 | 98.3% | 4.2% | 9.6% | -22.7% |
| D10: Southeast | $424,000 | $449,833 | 6 | 78 | 100.7% | -18.5% | -11.5% | 0.0% |
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