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Janis Stone
International President's
Premier Realtor®
E-mail Janis

1699 Van Ness Avenue
San Francisco, Ca. 94109


Business   415.229.1256
Toll Free     866.224.8024
Fax               415.771.1264

 

November
San Francisco Real Estate Market Update for
October 2004

The San Francisco Real Estate Market for October kept pace with September in the number of homes sold. The significant changes were in the average listing prices. Although the percentages were up slightly from last month, selling prices continue to be above the listing price in all of the home categories. Traditionally the number of homes available to buyers during the holidays (November, December, January and February) falls dramatically resulting in low inventories. This season shows signs that this will again be an incredible SELLER's opportunity.

The number of Single Family Homes sold was up from the September, and the listing price was nearly 17% higher. The average selling price was steady at nearly 107% of the listing price. Despite the warnings of a slow down, October was a strong month for single family home sales.

The number of Condominiums sold in October held steady from the previous month. Although the average listing price dipped slightly, the average selling price was more than 107% of the listing price, indicating multiple offer situations bringing the sale prices up over asking.

The number of homes sold in the Overall Sales category also held steady for October. The average listing price was also up from the previous month, and the sales price was more than 106% of the listing price.

Interest rates are continuing to remain low, but who knows for how much longer? Don't miss out on your opportunity to buy or sell!

San Francisco Real Estate continues to be a great investment!

October 2004 **

Property Type   Sold

Avg Listing
Price

Avg Selling
Price
% Sales Price versus Listing
Single Family Dwelling   274 $975,936 $1,041,365 106.81%
Condominium   243 $643,945 $691,906 107.45%
ALL *   609 $889,261 $950,419 106.88%

September 2004 **

Property Type   Sold

Avg Listing
Price

Avg Selling
Price
% Sales Price versus Listing
Single Family Dwelling   264 $831,548 $888,022 106.79%
Condominium   243 $649,333 $676,426 104.17%
ALL *   598 $810,627 $854,313 105.39%

* 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.

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