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Janis Stone International President's Premier Realtor® 1699 Van Ness Avenue San Francisco, Ca. 94109 Business 415.229.1256 Toll Free 866.224.8024 Fax 415.771.1264
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Market Update: July 2003 The San Francisco Real Estate Market was great last month. The number of sold properties was up more than 35% over last month. The average sales price for all properties was down slightly (about 7%). The average sales price for Single Family Dwellings was at $886,302 which is a decrease of 3% over June. But the most significiant statistic is that the sales price was 102.59% over the asking price. There is still a lack of inventory that has buyers offering over the asking price on many homes. For Condominiums the number of sales increased 60% over June and the average sales price is $89,570 which is a decrease of 10.2% from June. The sales prices were also over the asking price. Interest
rates, 30 year fixed, have increased about 1% but are still very low,
and banks are offering great financing packages for purchases and refinancing.
San Francisco Real Estate continues to be a great investment. July 2003**
June 2003
Second Quarter 2003 (April-June 2003)
Second Quarter 2002 (April-June 2002)
Six Month Average (January-June 2003)
*
Includes Single Family Homes, Condo/Coop/TIC and Loft, 2-4 Units, and
5+ Units. 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. |
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