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February
San Francisco Real Estate Market Update for
January 2006

The San Francisco Real Estate Market for January was slower than the previous month, yet not that much slower than the same time last year. Although the number of homes sold dropped from the previous month, prices continued to rise. Figures for this period are also higher compared to the same time a year ago.

If you are thinking about selling your San Francisco Real Estate this might be the time to market your home. Inventories are still low this time of year and there is still time to have a distinct advantage! The buyers are ready, and there is very little to buy!

Avram Goldman, President and COO of Coldwell Banker, San Francisco Bay Area said in his mid-January report,

"...The media, most particularly, the newspapers are running stories how prices are dropping significantly. Yes, the market is not like the beginning of last year---few markets are, but in no way is it as the papers are portraying the market. The papers are pointing to how inventories have increased over last year. Yes they are up. We have gone from inventories of a little over one month to double that---wow 2-3 months. A normal market is 3-4 months. They also point to slowing sales. Yes, compared to last year there are fewer sales, but last year was not a normal market. Buyers have fewer good listings to choose from. Much of this year’s inventory was left over from last year. These listings in many cases were overpriced or had less desirable features.

"...As buyers become more comfortable, seeing that prices will not be falling off significantly they will be more willing to jump in and test the water. However, sellers need to comprehend that prices will not continue to rise as last year. In fact they may back off a few percentage points. Given the incredible appreciation over the last 3 years sellers still have realized exceptional returns..."

The number of Single Family Homes sold for January was down from the previous month and was down from a year ago. Even so, the average listing and selling price both increased over December as well as from a year ago. The average selling price for January was over 100% of the listing price.

The number of Condominiums sold in January was also down from December as well as from the same time last year. But the average listing and selling price both increased over December and January 2005. The average selling price was almost 103% of the listing price.

The number of Overall Sales for January was down from both the previous month as well as a year ago. The average listing and selling price both increased over December and increased from last year at this time. The average selling price form January was over 101% of the listing price.

Don't miss out on your opportunity to buy or sell! San Francisco Real Estate continues to be a great investment!

January statistical market history is now online.

January 2006 **

December 2005 **

January 2005 **

* 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.

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.