May 2012 Report
San Francisco
Real Estate Market Update for April 2012
For a list of past market reports click here
The number of homes in the Overall Sales category sold in April were about the same as they were in March but much higher than a year ago in the San Francisco Real Estate Market. Most of the average selling prices were higher from last month but not as high as a year ago. The real difference is that five out of six categories were, on average, OVER 100% of the asking price which could indicate that the real estate market (at least in San Francisco) is back. Average days on the market remained above the "old normal" 30 day period which could mean that mortgages are still tough to get.
What do these numbers all mean? For the twelfth time in the last fourteen months, single family homes under $2M sold, on average, for MORE than the asking price. All sub categories of condominium sales were over 100%, on average, except co-ops. All in all, the market numbers look really good, and indicate San Francisco real estate is back in a big way. If you don't think supply and demand means anything, remember, we have a very low inventory compared to past markets. If you are thinking of selling NOW is the time!
* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.
Mortgage rates are always changing. Check out our weekly mortgage update which is posted on our blog.
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April 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 | 17 | $3,775,588 | $3,778,378 | 100.07% | 36 |
| Single Family Under $2M | 182 | $800,799 | $828,698 | 103.48% | 55 |
| Condominium+ | 214 | $772,418 | $777,568 | 101.96% |
69 |
| Loft Condo | 14 | $744,714 | $751,032 | 100.85% | 34 |
| Co-op | 7 | $1,518,714 | $1,439,857 | 94.81% | 70 |
| TIC | 23 | $575,913 | $579,256 | 100.58% | 79 |
| ALL * | 508 | $944,052 | $958,688 | 101.55% | 61 |
March 2012 **
| Property Type | Sold | Avg Listing |
Avg Selling Price |
% Sales Price versus Listing | Avg Days on Market |
| Single Family $2M & Over | 18 | $3,126,889 | $3,130,722 | 100.12% | 44 |
| Single Family Under $2M | 182 | $744,470 | $760,096 | 102.10% | 63 |
| Condominium+ | 194 | $782,145 | $783,938 | 100.23% |
65 |
| Loft Condo | 18 | $672,236 | $674,096 | 100.28% | 67 |
| Co-op | 4 | $633,250 | $618,750 | 97.71% | 189 |
| TIC | 16 | $525,063 | $541,063 | 103.05% | 63 |
| ALL * | 477 | $908,402 | $916,341 | 97.95% | 66 |
April 2011 **
| Property Type | Sold | Avg Listing |
Avg Selling Price |
% Sales Price versus Listing | Avg Days on Market |
| Single Family $2M & Over | 21 | $3,183,667 | $3,107,095 | 97.59% | 71 |
| Single Family Under $2M | 154 | $752,021 | $758,177 | 100.82% | 64 |
| Condominium+ | 162 | $766,845 | $755,059 | 98.46% | 68 |
| Loft Condo | 13 | $964,923 | $958,885 | 99.37% | 52 |
| Co-op | 7 | $2,009,857 | $1,963,143 | 97.68% | 103 |
| TIC | 24 | $686,604 | $662,354 | 96.47% | 84 |
| ALL * | 414 | $973,085 | $959,918 | 98.65% | 70 |
* 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 RealtorsŪ (NAR) and is a search engine for real estate nationwide. Realtor.com has all of San Francisco's listed homes and condominiums.
