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July
San Francisco Real Estate Market Update for
June 2006

The San Francisco Real Estate Market for June picked up from May. Keep in mind that with escrows of about 30-45 days these numbers largely reflect deals that were ratified last month. Even though selling prices continue to be higher than the listing price, the percentages are down from last year at this time. Despite this fact, and the fact that the number of homes sold are also down, the average selling prices continue ever higher.

In June, SFResidence started posting a Blog to answer questions related to buying property in San Francisco. We hope you enjoy our efforts and are welcome to participate in the discussions. Take a look and let us know what you think.

Please read the weekly update from Avram Goldman, President and COO of Coldwell Banker, San Francisco Bay Area about the San Francisco Real Estate market. His experience and insight are helpful in putting the market changes into perspective.

The number of Single Family Homes sold for June increased dramatically from May in the San Francisco Real Estate Market . The average selling price was over 103% of the listing price indicating that homes are still getting offers over the asking price. And the average selling price was also higher than the average selling price in May. Compared to a year ago, the numbers of homes sold are down, yet the selling prices continue to be higher.

The number of Condominiums sold in June dropped slightly from the previous month in the San Francisco Real Estate Market. Even so, the average selling price was higher than May. Once again, the average selling price was over 100% of the listing price; typical for San Francisco Real Estate. And compared to a year ago, the average selling price was almost $100,000 higher.

Overall Sales for June in San Francisco Real Estate were up from the previous month. The average selling price increased by over $200,00 from May. And compared to a year ago, 2006 numbers are down significantly, but selling prices are considerably higher.

One of our trusted mortgage consultants, 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!

June statistical market history is now online.

June 2006 **

May 2006 **

June 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.