November 2009 Report
San Francisco Real Estate Market Update for
October 2009
For a list of past market reports click here
The number of homes in the Overall Sales category sold in October increased dramatically from September for the San Francisco Real Estate Market and higher than a year ago. The average selling price was slightly UNDER 100% of the average listing price as is the case with all the categories we track with the exception of single family homes under $1M. As you can see by the table, it is the only category where the selling price was OVER 100% of the asking price. The average days on the market was slightly less than they were in September indicating that the market is still brisk.
What do these numbers all mean? As we head toward the holday season, sales are still very good. The biggest winner again in October were single family homes under $1M. Could this mean the recession is over? Only time will tell. It is hard to imagine that with unemployment so high it could mean the end of bad times, but for San Francisco, at least, it appears to be headed for good times again. We shall see.
We publish a weekly report for even more insight.
* 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 which is posted on our blog.
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October sales history is now online.
| Property Type | Sold | Avg Listing |
Avg Selling Price |
% Sales Price versus Listing | Avg Days on Market |
| Single Family $2M & Over | 18 | $3,125,778 | $3,038,889 | 97.22% | 87 |
| Single Family Under $2M | 180 | $800,409 | $813,110 | 101.59% | 49 |
| Condominium+ | 143 | $738,848 | $729,839 | 98.78% | 79 |
| Loft Condo | 6 | $584,667 | $563,833 | 96.44% | 121 |
| Co-op | 4 | $1,474,500 | $1,366,750 | 92.69% | 185 |
| TIC | 41 | $577,195 | $569,402 | 98.65% | 81 |
| ALL * | 437 | $938,678 | $929,382 | 99.01% | 70 |
September 2009 **
| Property Type | Sold | Avg Listing |
Avg Selling Price |
% Sales Price versus Listing | Avg Days on Market |
| Single Family $2M & Over | 6 | $4,559,167 | $4,445,833 | 97.51% | 49 |
| Single Family Under $2M | 154 | $797,792 | $801,629 | 100.48% | 58 |
| Condominium+ | 148 | $843,518 | $822,491 | 97.51% | 78 |
| Loft Condo | 14 | $676,279 | $656,214 | 97.03% | 124 |
| Co-op | 3 | $3,209,667 | $2,657,667 | 82.80% | 101 |
| TIC | 18 | $570,694 | $562,611 | 98.58% | 95 |
| ALL * | 387 | $954,664 | $934,597 | 97.90% | 72 |
October 2008 **
| Property Type | Sold | Avg Listing |
Avg Selling Price |
% Sales Price versus Listing | Avg Days on Market |
| Single Family $2M & Over | 11 | $3,103,909 | $3,119,818 | 100.51% | 42 |
| Single Family Under $2M | 152 | $808,613 | $813,035 | 100.55% | 53 |
| Condominium+ | 136 | $890,227 | $883,828 | 99.28% | 51 |
| Loft Condo | 5 | $794,200 | $766,800 | 96.55% | 71 |
| Co-op | 2 | $752,000 | $742,000 | 98.67% | 60 |
| TIC | 27 | $605,270 | $612,209 | 101.15% | 94 |
| ALL * | 368 | $977,878 | $977,041 | 99.14% | 56 |
* 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.
+ Formerly, condominium statistics included
condos, co-op, lofts and TICs.
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.
