February 2012 Report
San Francisco
Real Estate Market Update for January 2012
For a list of past market reports click here
The number of homes in the Overall Sales category sold in January were well below what they were in December but about the same as year ago in the San Francisco Real Estate Market. Average selling prices were generally lower from last month as well as a year ago. The most significan change was that the average days on the market were much higher than they have been which could be caused by the tightened mortgage guidelines.
What do these numbers all mean? For the second time in the last eleven months, single family homes under $2M sold, on average, for less than the asking price. Judging by the average number of days on the market loans are still difficult to negotiate. Cash is king which could be an incentive for foreign buyers.
* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.
Mortgage rates are always changing. Check out our weekly mortgage update which is posted on our blog.
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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 | 6 | $2,653,167 | $2,588,333 | 97.56% | 61 |
| Single Family Under $2M | 105 | $662,931 | $657,658 | 99.20% | 82 |
| Condominium+ | 113 | $720,217 | $709,503 | 93.45% |
89 |
| Loft Condo | 3 | $805,667 | $805,333 | 99.96% | 100 |
| Co-op | 5 | $1,941,400 | $1,824,000 | 93.95% | 180 |
| TIC | 18 | $613,556 | $602,583 | 98.21% | 136 |
| ALL * | 294 | $884,985 | $868,766 | 98.17% | 94 |
December 2011 **
| Property Type | Sold | Avg Listing |
Avg Selling Price |
% Sales Price versus Listing | Avg Days on Market |
| Single Family $2M & Over | 14 | $2,956,571 | $2,815,357 | 95.22% | 79 |
| Single Family Under $2M | 195 | $694,780 | $702,559 | 101.12% | 62 |
| Condominium+ | 140 | $965,522 | $902,263 | 93.45% |
87 |
| Loft Condo | 17 | $698,524 | $686,559 | 98.29% | 71 |
| Co-op | 3 | $1,014,333 | $990,000 | 97.60% | 105 |
| TIC | 19 | $641,526 | $639,493 | 99.68% | 79 |
| ALL * | 431 | $924,262 | $900,241 | 97.40% | 73 |
January 2011 **
| Property Type | Sold | Avg Listing |
Avg Selling Price |
% Sales Price versus Listing | Avg Days on Market |
| Single Family $2M & Over | 9 | $4,301,444 | $4,030,778 | 93.71% | 54 |
| Single Family Under $2M | 132 | $687,475 | $672,796 | 97.86% | 70 |
| Condominium+ | 99 | $725,513 | $705,548 | 97.25% | 110 |
| Loft Condo | 9 | $586,311 | $568,144 | 96.90% | 91 |
| Co-op | 2 | $607,000 | $587,000 | 96.71% | 125 |
| TIC | 15 | $621,467 | $611,467 | 98.39% | 117 |
| ALL * | 299 | $892,739 | $866,708 | 97.08% | 87 |
* 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 RealtorsŪ (NAR) and is a search engine for real estate nationwide. Realtor.com has all of San Francisco's listed homes and condominiums.
