December Report
San Francisco Real Estate Market Update for
November 2007
The number of Single Family Homes sold for November decreased slightly from October in San Francisco Real Estate. Even so, the average selling price was over 101% of the average listing price, though lower than the October but higher than a year ago. The average days on the market decreased remained at 37.
The number of Condominiums sold in November also decreased from October in the San Francisco Real Estate Market, however, the average selling price was over 100% of the average listing price. The average selling price was lower than October, but higher than a year ago. The average days on the market increased to 49.
The number of homes sold in the Overall Sales category for November in San Francisco Real Estate also decreased from October but was higher than a year ago. As with the other categories, the average selling price was over 100% of the average listing price. The average days on the market increased slightly to 44.
Despite stories of gloom and doom in the real estate market, continued mortgage problems and foreclosures, San Francisco real estate is HOT! Read Rick Turley's weekly report for more insight. Lack of inventory is our biggest problem so if you are thinking about selling, this is a great time! Remember, less competition often means multiple offers and better prices!
* 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!
November 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 | 165 | $1,185,354 | $1,204,219 | 101.59% | 37 |
| Condominium | 203 | $862,367 | $866,287 | 100.45% | 49 |
| ALL * | 417 | $1,067,201 | $1,076,498 | 100.87% | 44 |
October 2007 **
| 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 |
November 2006 **
| Property Type | Sold |
Avg Listing |
Avg Selling Price |
% Sales Price versus Listing | |
| Single Family Dwelling | 206 | $1,068,240 | $1,075,085 | 100.64% | |
| Condominium | 259 | $733,832 | $740,073 | 100.85% | |
| ALL * | 541 | $1,015,201 | $1,015,625 | 100.04% |
* 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.
