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October
San Francisco Real Estate Market Update for
September 2007

The number of Single Family Homes sold for September dropped again from August in San Francisco Real Estate probably due to lack of inventory than anything else. The average selling price was over 103% of the average listing price yet lower than the previous month as well as a year ago. The average days on the market increased slightly to 38.

The number of Condominiums sold in September decreased again from August in the San Francisco Real Estate Market, however, the average selling price was over 101% of the average listing price. The average listing and selling price were both lower than last month, but higher than a year ago. The average days on the market increased to 50.

The number of homes sold in the Overall Sales category for September in San Francisco Real Estate also dropped again from August and was less than a year ago. Even so, the average selling price was over 102% of the average listing price. The average days on the market increased slightly to 45.

Despite stories of mortgage problems and foreclosures, San Francisco real estate is HOT! Lack of inventory is the only problem so if you are thinking about selling, this is a great time!

* 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, part of 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 to participate in our San Francisco Real Estate Market discussions!
  
  
• 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!

September statistical market history is now online.

September 2007 **

August 2007 **

September 2006 **

* 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.