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May
San Francisco Real Estate Market Update for
April 2006

The San Francisco Real Estate Market for April showed very slight changes over March. Even though inventories continued to be lower than usual, the market remains relatively strong. Compared to last year, it can be seen that although the number of homes sold were off in all categories we track, the average listing and selling prices continue to be higher in 2 out of 3. Sellers are becoming more realistic in pricing their homes for sale but the low supply and high demand for homes still continues to drive the selling price higher than the listing price. As with previous months, properties that are priced right continue to generate multiple offers.

As a new feature of our website, we are sharing a weekly update from Avram Goldman, President and COO of Coldwell Banker, San Francisco Bay Area about the San Francisco Real Estate market. Read what he says here.

The number of Single Family Homes sold for April was about the same as March in the San Francisco Real Estate Market . And the average selling price was more than 103% of the listing price. And the average selling price was over 103% of the average selling price in March. The average selling prices were over 104% of the average selling prices of a year ago.

The number of Condominiums sold in April in the San Francisco Real Estate Market dropped from last month. Although the average selling price decreased from March, the average sales price was still over 102% of listing prices. Compared to last month and a year ago, the average condominium sales figure was the only category that lost ground.

Overall Sales for April in San Francisco Real Estate were down slightly from the previous month. Yet the average listing and selling price both increased from March. The average selling price form April was over 103% of the listing price. The average selling price was over 97% (thus lower) of last month's average sales price yet over 102% of average sales price of a year ago.

Our trusted mortgage consultant, Dennis Kowalski of Princeton Capital, has a website that features lots of information and some handy "calculators" and publishes a weekly market report by e-mail with latest industry trends and current short and long-term interest rates.

Don't miss out on your opportunity to buy or sell! San Francisco Real Estate continues to be a great investment!

April statistical market history is now online.

April 2006 **

March 2006 **

April 2005 **

* 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.