June 2009 Report
San Francisco Real Estate Market Update for
May 2009
For a list of past market reports click here
The number of homes in the Overall Sales category sold in May increased dramatically from April and for the third month in a row in the San Francisco Real Estate Market but was still much lower than a year ago. The average selling price was again UNDER 100% of the average listing price as is the case with all the categories we track, but percentages show that buyers are still able to negotiate considerably under the listing price. It never hurts to ask! Just like gas prices, the average selling price was higher than the previous month for the third time in a row but still lower than a year ago. The average days on the market remained about the same from April.
What do these numbers all mean? It shows that there may be a stabilizing in the San Francisco real estate market. Lots of deals are being made. In fact, our office has been busier than it has been in a long time. Numbers of ratified deals are on the increase and new listings are rapidly coming on the market. It could indicate that with the increase of activity we will begin to see multiple offer situations again. If you are buyer who is sitting on the fence, now is probably a good time to make that offer!
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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with "weekly market report" in the subject line.
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Francisco Real Estate Market reports!
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It takes experience to sell in a Buyers market! San Francisco Real Estate continues to be a great investment!
May 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 | 16 | $3,015,438 | $2,921,813 | 96.90% | 70 |
| Single Family Under $2M | 149 | $821,191 | $805,492 | 98.09% | 65 |
| Condominium+ | 93 | $901,116 | $877,586 | 97.39% | 73 |
| Loft Condo | 11 | $628,902 | $619,002 | 98.43% | 71 |
| Co-op | 2 | $1,257,000 | $1,183,500 | 94.15% | 35 |
| TIC | 32 | $633,594 | $619,188 | 97.73% | 82 |
| ALL * | 334 | $977,913 | $950,526 | 97.20% | 73 |
April 2009 **
| Property Type | Sold | Avg Listing |
Avg Selling Price |
% Sales Price versus Listing | Avg Days on Market |
| Single Family $2M & Over | 10 | $3,532,900 | $3,481,500 | 98.55% | 82 |
| Single Family Under $2M | 117 | $791,559 | $779,245 | 98.44% | 64 |
| Condominium+ | 48 | $925,659 | $888,215 | 95.95% | 77 |
| Loft Condo | 4 | $594,200 | $579,250 | 97.48% | 108 |
| Co-op | 1 | $1,049,000 | $985,000 | 93.90% | 34 |
| TIC | 13 | $589,231 | $577,538 | 98.02% | 72 |
| ALL * | 274 | $950,419 | $925,618 | 97.39% | 72 |
May 2008 **
| Property Type | Sold | Avg Listing |
Avg Selling Price |
% Sales Price versus Listing | Avg Days on Market |
| Single Family Dwelling | 196 | $1,325,356 | $1,334,602 | 100.70% | 38 |
| Condominium | 228 | $896,349 | $892,853 | 99.61% | 58 |
| ALL * | 469 | $1,131,357 | $1,132,026 | 100.06% | 49 |
* 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.
