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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-September 2002 The San Francisco Real Estate market has changed significantly from the second quarter. As the statistics show the average listing price is higher but the average selling price is lower. There is a greater difference between the listing price and the selling price. For the first time in a long time the average sales price is 10% less than the average listing price. In the past few years it has been at 100% or more!! The Buyers have more bargaining power than they have had in several years and combined with the low interest rates now is a better time to buy than it has been in years!! The number of sold properties are 20% fewer so the inventory is growing - which means more choice too! It is a more "normal" market with choices for buyers and longer marketing times for sellers. Correct pricing for sellers is more important than ever. Here are some very interesting statistics: Third Quarter 2002
Second Quarter 2002
Six Month Average
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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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