February 2009 Report
San Francisco Real Estate Market Update for
January 2009
For a list of past market reports click here
The number of homes in the Overall Sales category sold in January decreased dramatically from December in the San Francisco Real Estate Market and was much lower than a year ago. The average selling price was again slightly UNDER 100% of the average listing price as is the case with all the categories we track. Therefore, it is safe to assume that buyers are making deals, and sellers are willing to negotiate on the price. The average selling price was lower than December as well as a year ago. The average days on the market held firm at 71.
What do these numbers all mean? We are in truly strange times. One would think that with all the turmoil in the market that nothing would be selling, however, that is not the case. Though sales are not as robust as they were several years ago, many homes are still selling, some for all cash.
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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It takes experience to sell in a Buyers market! San Francisco Real Estate continues to be a great investment!
January 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 | 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 |
December 2008 **
| Property Type | Sold | Avg Listing |
Avg Selling Price |
% Sales Price versus Listing | Avg Days on Market |
| Single Family $2M & Over | 5 | $3,064,800 | $2,865,000 | 93.05% | 101 |
| Single Family Under $2M | 118 | $785,829 | $774,607 | 98.57% | 66 |
| Condominium+ | 77 | $756,608 | $732,667 | 96.84% | 72 |
| Loft Condo | 6 | $739,333 | $723,333 | 97.84% | 51 |
| Co-op | 4 | $1,816,250 | $1,768,603 | 97.38% | 67 |
| TIC | 28 | $644,857 | $626,690 | 97.46% | 82 |
| ALL * | 263 | $895,176 | $872,451 | 97.46% | 71 |
January 2008 **
| Property Type | Sold | Avg Listing |
Avg Selling Price |
% Sales Price versus Listing | Avg Days on Market |
| Single Family Dwelling | 93 | $1,222,832 | $1,213,813 | 99.26% | 63 |
| Condominium | 93 | $853,946 | $844,228 | 98.86% | 64 |
| ALL * | 205 | $1,105,079 | $1,093,855 | 98.98% | 65 |
* 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.
