May
San Francisco Real Estate Market Update for
April 2007
The number of Single Family Homes sold for April did not change from March in San Francisco Real Estate. The average listing and selling prices were both lower than the previous month and lower than a year ago. Even so, the average selling price was over 106% of the average listing price. The average days on the market dropped to 36, possibly due to the shrinking inventory.
The number of Condominiums sold in April increased slightly from March in the San Francisco Real Estate Market. The average selling price was almost 102% of the average listing price. The average listing and selling price was higher than last month and higher than a year ago. The average days on the market dropped to 48.
The number of homes sold in the Overall Sales category for April in San Francisco Real Estate did not change from March but was lower than a year ago. The average selling price was over 103% of the average listing price, and slightly lower compared to last month but higher than a year ago. The average days on the market dropped to 47.
Indications are that we are poised for a great spring market. Low inventory and high demand create the environment for multiple and preemptive offers where properties are sold for well over the asking price. This could be a great time to sell!
Mortgage rates are always changing. Foster
Weeks does a weekly mortgage update, part of which is posted on our blog.
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April statistical market history is now online.
| Property Type | Sold | Avg Listing |
Avg Selling Price |
% Sales Price versus Listing | Avg Days on Market |
| Single Family Dwelling | 138 | $1,158,904 | $1,223,671 | 105.59% | 37 |
| Condominium | 283 | $812,777 | $827,211 | 101.78% | 49 |
| ALL * | 549 | $1,007,065 | $1,039,824 | 103.25% | 47 |
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 |
April 2006 **
| Property Type | Sold | Avg Listing |
Avg Selling Price |
% Sales Price versus Listing | |
| Single Family Dwelling | 201 | $1,132,262 | $1,183,568 | 104.53% | |
| Condominium | 231 | $745,050 | $763,709 | 102.50% | |
| ALL * | 483 | $986,820 | $1,018,433 | 103.20% |
* 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.
