February 2010 Report
San Francisco Real Estate Market Update for
January 2010
For a list of past market reports click here
The number of homes in the Overall Sales category sold in January decreased SIGNIFICANTLY from December for the San Francisco Real Estate Market but were much higher than a year ago. The average selling price was under 100% of the average listing price with all the categories we track. The average days on the market was slightly less than they were in December but more than a year ago.
What do these numbers all mean? Compared to a year ago, the San Francisco market is going better. Compared to month ago, not so much. If you look at the percentage of average sold prices versus average listing price, you can see there is probably a lot of negotiating going on between buyers and sellers, with buyers realizing this is the time to do so. For now it is still a buyer's market. If you haven't made that offer on your dream home, now is the time to go for it.
We publish a weekly report for even more insight.
* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.
Mortgage rates are always changing. Foster Weeks does a weekly mortgage update which is posted on our blog.
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from the President Coldwell Banker, San Francisco Bay Area
about the San Francisco Real Estate market. For an e-mail
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It takes experience to sell in a Buyers market! San Francisco Real Estate continues to be a great investment!
December sales history is now online.
| Property Type | Sold | Avg Listing |
Avg Selling Price |
% Sales Price versus Listing | Avg Days on Market |
| Single Family $2M & Over | 8 | $3,761,250 | $3,465,000 | 92.12% | 130 |
| Single Family Under $2M | 93 | $775,999 | $763,762 | 98.42% | 66 |
| Condominium+ | 73 | $662,705 | $645,061 | 97.33% | 79 |
| Loft Condo | 8 | $728,625 | $704,875 | 96.74% | 118 |
| Co-op | 1 | $719,000 | $650,000 | 90.40% | 240 |
| TIC | 19 | $607,368 | $600,947 | 98.94% | 127 |
| ALL * | 224 | $904,259 | $868,854 | 96.08% | 83 |
December 2009 **
| Property Type | Sold | Avg Listing |
Avg Selling Price |
% Sales Price versus Listing | Avg Days on Market |
| Single Family $2M & Over | 6 | $5,510,000 | $5,515,000 | 100.09% | 58 |
| Single Family Under $2M | 168 | $811,725 | $806,621 | 99.37% | 65 |
| Condominium+ | 143 | $772,538 | $752,812 | 97.45% | 93 |
| Loft Condo | 8 | $571,238 | $562,613 | 98.49% | 101 |
| Co-op | 5 | $2,232,800 | $2,121,000 | 94.99% | 167 |
| TIC | 44 | $656,341 | $652,795 | 98.46% | 118 |
| ALL * | 415 | $912,194 | $894,757 | 98.09% | 87 |
January 2009 **
| Property Type | Sold | Avg Listing |
Avg Selling Price |
% Sales Price versus Listing | Avg Days on Market |
| Single Family $2M & Over | 2 | $3,435,125 | $3,346,000 | 97.41% | 159 |
| Single Family Under $2M | 73 | $698,653 | $685,117 | 98.06% | 55 |
| Condominium+ | 40 | $922,461 | $881,891 | 95.60% | 84 |
| Loft Condo | 0 | $0 | $0 | 0.00% | 0 |
| Co-op | 2 | $455,000 | $455,000 | 100.00% | 49 |
| TIC | 11 | $599,455 | $580,955 | 96.91% | 89 |
| ALL * | 144 | $864,447 | $833,749 | 96.45% | 71 |
* Includes Single Family Homes, Condo/Coop/TIC and Loft, 2-4 Units, and
5+ Units.
** Figures subject to change as Multiple Listing Service is updated.
+ Formerly, condominium statistics included
condos, co-op, lofts and TICs.
Realtor.com is the official site of the National Association of Realtors® (NAR) and is a search engine for real estate nationwide. Realtor.com has all of San Francisco's listed homes and condominiums.
