All monthly market updates may now be found here.

Janis Stone
DRE 00517072

Our May 2010 San Francisco real estate market statistics are now online.

- Janis Stone
DRE# 00517072

Our April 2010 San Francisco real estate market statistics are now online.

- Janis Stone
DRE# 00517072

Our October San Francisco real estate market statistics are now online.

- Janis Stone
DRE# 00517072

Our July San Francisco real estate market statistics are now online.

- Janis Stone
DRE# 00517072

Our July newsletter is now online. If you would like to subscribe to the e-mail newsletter go here.

- Janis Stone

Once we moved the blog over to our website, it seemed redundant to post monthly reports on the blog and on our market page. So to see the latest report go to www.sfresidence.com/market.htm

While it looked like we would have a stronger than normal end to our summer market, it was not the case. As you can see by the numbers, there were deals to be had. When the sales price versus the listing price drops under 100% like it did in all three categories we track, it means sellers were willing to negotiate. If buyers were ever looking for a time to buy and get the price they wanted, this was it. But as you can see the numbers of homes sold were down, indicating that buyers just weren’t stepping up. What does this mean for our fall market? Who can say? Anectdotally we can tell you that we have a large number of new listings coming up, and so do other agents in our office. Once the presidential race is decided we may see a bump in market enthusiasm, regardless of who wins. Our September report for August is now online here.

Though steady, our market is making a shift. No doubt about it. Reports of multiple offers are becoming rare which is reflected in the numbers as average selling prices are LESS than average listing prices. This indicates a buyers market giving them room to negotiate the price. How long it will last is anyone’s guess. Overall, the San Francisco real estate market is still strong though we definitely feel it changing. Go here to look at the numbers compared to the previous month as well as a year ago.

- Mick Orton
Marketing Director