July 2009 Report
San Francisco Real Estate Market Update for
June 2009
For a list of past market reports click here
The number of homes in the Overall Sales category sold in June increased from May and for the fourth month in a row in the San Francisco Real Estate Market but still lower than a year ago. The average selling price was again UNDER 100% of the average listing price as is the case with all the categories we track, but percentages show that sellers and buyers are coming closer. The average selling price was lower than the previous month for the first time in three months and much lower than a year ago. The average days on the market remained about the same as they were in May.
What do these numbers all mean? It was another good month for San Francisco real estate. Selling prices and listing prices are getting closer and closer indicating that buyers and sellers are starting to agree on value. There have been reports of multiple offer situations again, but not enough to drive prices over the 100% mark. Occasionally we see multiple offers get the sellers a little more money than the first offer, but rarely are they going for over the asking price. This means there are still deals out there. If you are buyer who is sitting on the fence, now is probably a good time to make that offer!
We publish a weekly report for even more insight.
* 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.
Regular features
- Weekly update
from the President Coldwell Banker, San Francisco Bay Area
about the San Francisco Real Estate market. For an e-mail
alert when this report is updated, send a note to info@SFResidence.com
with "weekly market report" in the subject line.
- List of our monthly newsletters.
- Blog for the latest in San
Francisco Real Estate Market reports!
- Z-Estimates - For quick estimates of your property's value! For accurate and detailed estimates, call us.
It takes experience to sell in a Buyers market! San Francisco Real Estate continues to be a great investment!
June 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 | 20 | $3,591,625 | $3,562,725 | 99.20% | 85 |
| Single Family Under $2M | 177 | $815,819 | $808,048 | 99.05% | 64 |
| Condominium+ | 123 | $771,072 | $754,111 | 97.80% | 68 |
| Loft Condo | 9 | $808,179 | $772,222 | 95.55% | 87 |
| Co-op | 3 | $1,540,000 | $1,483,333 | 96.32% | 54 |
| TIC | 32 | $645,891 | $635,359 | 98.37% | 90 |
| ALL * | 395 | $961,419 | $944,622 | 98.25% | 71 |
May 2009 **
| Property Type | Sold | Avg Listing |
Avg Selling Price |
% Sales Price versus Listing | Avg Days on Market |
| Single Family $2M & Over | 16 | $3,015,438 | $2,921,813 | 96.90% | 70 |
| Single Family Under $2M | 149 | $821,191 | $805,492 | 98.09% | 65 |
| Condominium+ | 93 | $901,116 | $877,586 | 97.39% | 73 |
| Loft Condo | 11 | $628,902 | $619,002 | 98.43% | 71 |
| Co-op | 2 | $1,257,000 | $1,183,500 | 94.15% | 35 |
| TIC | 32 | $633,594 | $619,188 | 97.73% | 82 |
| ALL * | 334 | $977,913 | $950,526 | 97.20% | 73 |
June 2008 **
| Property Type | Sold | Avg Listing |
Avg Selling Price |
% Sales Price versus Listing | Avg Days on Market |
| Single Family Dwelling | 195 | $1,256,098 | $1,257,521 | 100.11% | 45 |
| Condominium | 186 | $876,305 | $874,332 | 99.77% | 69 |
| ALL * | 423 | $1,185,023 | $1,179,416 | 99.53% | 58 |
* 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.
