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August
San Francisco Real Estate Market Update for
July 2006

If you don't think the San Francisco Real Estate Market for July changed, take a look at the numbers below. Average listing prices were significantly lower in all 3 categories we track from June as were the numbers of homes sold. Compared to this time a year ago, the numbers of homes sold were much fewer in July, and averge selling prices dipped slightly in 2 out of the 3 categories we track. Keep in mind our market normally slows down in summer, but this year seemed to start a little earlier indicating that we are moving into a buyers' market... now we just need the sellers to come to that conclusion!

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 July decreased by almost 20% from June in the San Francisco Real Estate Market . Although the average selling price was over 103% of the listing price, but were off over 14% from June. Compared to a year ago, the numbers of homes sold were down about 20%, but the average selling prices continued to be higher.

The number of Condominiums sold in July dropped by 20% as well from the previous month in the San Francisco Real Estate Market, however the average selling price was over 102% of the average listing price. The average selling prices dropped over 13% from June. Compared to a year ago, the average selling price was off almost 9%.

Overall Sales for July in San Francisco Real Estate were down by 20% from June. The average selling price was still over 102% of the average listing price. But compared to June there was a 21% drop in the average sales price. Compared to a year ago, July numbers were down by a little over 2.5%.\

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!

July statistical market history is now online.

July 2006 **

June 2006 **

July 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.