April 2008 Report
San Francisco Real Estate Market Update for
March 2008
The number of Single Family Homes sold for March increased again from the previous month in San Francisco Real Estate. The average selling price was again over 100% of the average listing price. The average listing price was higher than February as well as slightly higher than a year ago. The average days on the market decreased to 44.
The number of Condominiums sold in March increased again from the previous month in the San Francisco Real Estate Market. The average selling price was under 100% of the average listing price. Howver, the average selling price was higher than Feburay, as well as a year ago. The average days on the market increased to to 55.
The number of homes in the Overall Sales category sold in March increased again from the previous month in the San Francisco Real Estate Market. The average selling price was slightly over 100% of the average listing price. The average selling price was slightly higher than February as well as a year ago. The average days on the market decreased slightly to 49.
What do these numbers all mean? March is when we being to see the market pick up. Listings are not all that plentiful, so there are still many multiple offer situations which tend to drive the prices up. As with last month, sellers seem to be pricing their homes more reasonably, indicated by the fact that listing and selling prices are very close to the same amount.
Rick Turley publishes a weekly report for 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, part of which is posted on our blog.
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March sales history is now online.
| Property Type | Sold | Avg Listing |
Avg Selling Price |
% Sales Price versus Listing | Avg Days on Market |
| Single Family Dwelling | 128 | $1,226,876 | $1,248,654 | 101.78% | 44 |
| Condominium | 150 | $950,610 | $947,126 | 99.63% | 55 |
| ALL * | 312 | $1,109,095 | $1,123,495 | 101.30% | 49 |
February 2008 **
| Property Type | Sold | Avg Listing |
Avg Selling Price |
% Sales Price versus Listing | Avg Days on Market |
| Single Family Dwelling | 116 | $1,204,526 | $1,216,025 | 100.95% | 49 |
| Condominium | 143 | $825,689 | $827,846 | 100.26% | 50 |
| ALL * | 297 | $1,102,121 | $1,107,500 | 100.49% | 51 |
March 2007 **
| Property Type | Sold | Avg Listing |
Avg Selling Price |
% Sales Price versus Listing | Avg Days on Market |
| Single Family Dwelling | 175 | $1,195,373 | $1,238,574 | 103.61% | 41 |
| Condominium | 224 | $792,258 | $800,104 | 100.99% | 51 |
| ALL * | 463 | $1,062,246 | $1,085,346 | 102.17% | 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.
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.
