April 2010 Report
San Francisco Real Estate Market Update for
March 2010
For a list of past market reports click here
The number of homes in the Overall Sales category sold in March almost doubled from February for the San Francisco Real Estate Market as well as a year ago. The average selling price was under 100% of the average listing price with most of the categories we track with the exception of single family homes under $2M. The average days on the market was slightly less than they were in February as well as a year ago.
What do these numbers all mean? Compared to a year ago, the San Francisco market seems to have come out of its doldrums with the spring weather. Compared to both last month as well as a year ago, March was stellar. If you look at the percentage of average sold prices versus average listing price, you can see single family homes sold over 100% of the listing price which indicates multiple offer situations. Could this be an indicator that the market has completely recovered? We shall see.
* 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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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 | 22 | $3,662,909 | $3,572,903 | 97.54% | 47 |
| Single Family Under $2M | 176 | $812,573 | $819,255 | 100.82% | 54 |
| Condominium+ | 148 | $740,071 | $727,177 | 98.26% | 76 |
| Loft Condo | 12 | $695,408 | $684,616 | 98.45% | 54 |
| Co-op | 9 | $1,396,556 | $1,325,111 | 94.88% | 41 |
| TIC | 20 | $594,345 | $590,950 | 99.43% | 73 |
| ALL * | 428 | $993,915 | $980,966 | 98.70% | 65 |
February 2010 **
| Property Type | Sold | Avg Listing |
Avg Selling Price |
% Sales Price versus Listing | Avg Days on Market |
| Single Family $2M & Over | 4 | $2,833,500 | $2,685,625 | 94.78% | 93 |
| Single Family Under $2M | 95 | $729,572 | $744,515 | 102.04% | 58 |
| Condominium+ | 87 | $792,895 | $783,739 | 98.84% | 75 |
| Loft Condo | 10 | $651,078 | $627,578 | 96.39% | 123 |
| Co-op | 3 | $3,028,333 | $3,056,667 | 100.09% | 37 |
| TIC | 20 | $537,250 | $526,170 | 97.94% | 109 |
| ALL * | 244 | $830,067 | $823,618 | 99.22% | 77 |
March 2009 **
| 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 |
* 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.
