July 2010 Report
San Francisco Real Estate Market Update for
June 2010
For a list of past market reports click here
The number of homes in the Overall Sales category sold in June didn't change much from May for the San Francisco Real Estate Market. This is also true compared to a year ago. It sounds like an echo, but once again, the average selling price was under 100% of the average listing price with most of the categories we track with the exception of single family homes under $2M. The average days on the market was about the same they were in May but less than a year ago.
What do these numbers all mean? Could it be the economy that is finally hitting home? Generally, San Francisco is insulated from huge market swings, but the summer doldrums we are seeing can only be explained by the general unrest that can be felt by high unemployment. As you can see from the numbers below, the sales volume about the same as last month and not much different from a year ago. Days on market are about the same as last month meaning buyers and sellers are coming to an agreement on price relatively quickly, with the exception of TIC which could mean that loans are harder to come by with this segment.
* 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.
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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 | 22 | $3,365,814 | $3,223,818 | 95.78% | 55 |
| Single Family Under $2M | 187 | $859,291 | $865,282 | 100.70% | 60 |
| Condominium+ | 179 | $766,419 | $757,115 | 98.79% | 69 |
| Loft Condo | 12 | $794,275 | $777,333 | 97.87% | 73 |
| Co-op | 4 | $1,722,500 | $1,715,750 | 99.61% | 77 |
| TIC | 18 | $593,528 | $588,944 | 99.23% | 97 |
| ALL * | 457 | $981,010 | $968,985 | 98.77% | 67 |
May 2010 **
| Property Type | Sold | Avg Listing |
Avg Selling Price |
% Sales Price versus Listing | Avg Days on Market |
| Single Family $2M & Over | 18 | $3,607,111 | $3,439,778 | 95.36% | 64 |
| Single Family Under $2M | 193 | $783,668 | $797,359 | 101.75% | 51 |
| Condominium+ | 195 | $793,297 | $774,211 | 97.59% | 68 |
| Loft Condo | 19 | $656,829 | $647,466 | 98.57% | 60 |
| Co-op | 3 | $1,189,667 | $1,100,000 | 92.46% | 50 |
| TIC | 33 | $598,030 | $588,409 | 98.39% | 108 |
| ALL * | 503 | $931,040 | $917,222 | 98.52% | 64 |
June 2009 **
| 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 |
* 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.
