November
San Francisco Real Estate Market Update for
October 2007
The number of Single Family Homes sold for October increased from September in San Francisco Real Estate. The average selling price was over 102% of the average listing price yet higher than the previous month as well as a year ago. The average days on the market decreased slightly to 37.
The number of Condominiums sold in October increased from September in the San Francisco Real Estate Market, however, the average selling price was over 101% of the average listing price. The average selling price was higher than last month, as well as a year ago. The average days on the market decreased to 43.
The number of homes sold in the Overall Sales category for October in San Francisco Real Estate also increased from September and was less than a year ago. Even so, the average selling price was over 101% of the average listing price. The average days on the market decreased slightly to 40.
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
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from the President Coldwell Banker, San Francisco Bay Area
about the San Francisco Real Estate market. For an e-mail
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with "weekly market report" in the subject line.
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Francisco Real Estate Market discussions!
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It takes experience to sell in a Buyers market! San Francisco Real Estate continues to be a great investment!
October statistical market history is now online.
| Property Type | Sold |
Avg Listing |
Avg Selling Price |
% Sales Price versus Listing | Avg Days on Market |
| Single Family Dwelling | 183 | $1,316,949 | $1,348,905 | 102.43% | 37 |
| Condominium | 222 | $885,505 | $896,106 | 101.20% | 43 |
| ALL * | 439 | $1,135,108 | $1,153,363 | 101.61% | 40 |
September 2007 **
| Property Type | Sold |
Avg Listing |
Avg Selling Price |
% Sales Price versus Listing | Avg Days on Market |
| Single Family Dwelling | 145 | $1,014,005 | $1,045,377 | 103.09% | 38 |
| Condominium | 179 | $761,537 | $772,628 | 101.46% | 50 |
| ALL * | 357 | $973,302 | $999,213 | 102.66% | 45 |
October 2006 **
| Property Type | Sold |
Avg Listing |
Avg Selling Price |
% Sales Price versus Listing |
| Single Family Dwelling | 212 | $1,146,413 | $1,165,732 | 101.69% |
| Condominium | 199 | $805,723 | $800,665 | 99.37% |
| ALL * | 468 | $1,019,752 | $1,025,272 | 100.54% |
* 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.
