April 2009 Report
San Francisco Real Estate Market Update for
March 2009
For a list of past market reports click here
The number of homes in the Overall Sales category sold in March increased dramatically from February in the San Francisco Real Estate Market but was 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, but activity was much more brisk than it has been recenlty. Buyers are making deals, and sellers seem to be willing to negotiate on the price. The number of deals being made reflects that. The average selling price was higher than February and lower than a year ago. The average days on the market went up to 72.
What do these numbers all mean? It shows that there is no real consistency in the market. If you look at days on the market, some types of properties are selling faster and some are slower. The Co-op that sold in 11 days for over asking price seems to be an anomaly rather than the norm. However, there are some indications that condos are doing better than homes, though they are taking longer to sell, on average.
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.
Regular features
- Weekly update
from the President Coldwell Banker, San Francisco Bay Area
about the San Francisco Real Estate market. For an e-mail
alert when this report is updated, send a note to info@SFResidence.com
with "weekly market report" in the subject line.
- List of our monthly newsletters.
- Blog for the latest in San
Francisco Real Estate Market reports!
- Z-Estimates - For quick estimates of your property's value! For accurate and detailed estimates, call us.
It takes experience to sell in a Buyers market! San Francisco Real Estate continues to be a great investment!
March 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 | 4 | $4,581,250 | $4,570,000 | 99.75% | 58 |
| Single Family Under $2M | 107 | $782,385 | $767,242 | 98.06% | 60 |
| Condominium+ | 64 | $720,018 | $687,084 | 95.43% | 71 |
| Loft Condo | 7 | $877,186 | $817,714 | 93.22% | 99 |
| Co-op | 1 | $510,000 | $535,000 | 104.90% | 11 |
| TIC | 18 | $728,000 | $708,389 | 97.31% | 87 |
| ALL * | 216 | $884,808 | $857,721 | 96.94% | 69 |
February 2009 **
| Property Type | Sold | Avg Listing |
Avg Selling Price |
% Sales Price versus Listing | Avg Days on Market |
| Single Family $2M & Over | 6 | $2,802,667 | $2,729,833 | 97.40% | 60 |
| Single Family Under $2M | 83 | $779,861 | $766,789 | 98.32% | 61 |
| Condominium+ | 57 | $911,295 | $885,579 | 97.18% | 83 |
| Loft Condo | 5 | $651,228 | $635,828 | 97.64% | 61 |
| Co-op | 1 | $1,195,000 | $1,850,000 | 92.73% | 147 |
| TIC | 13 | $932,923 | $932,692 | 99.98% | 59 |
| ALL * | 176 | $932,667 | $910,237 | 97.60% | 72 |
March 2008 **
| 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 |
* 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.
