December 2008 Report
San Francisco Real Estate Market Update for
November 2008
For a list of past market reports click here
The number of homes in the Overall Sales category sold in November dropped dramatically from October in the San Francisco Real Estate Market and much lower than a year ago. The average selling price was again slightly UNDER 100% of the average listing price. However the average selling price was slightly higher than October and about what it was a year ago. The average days on the market increased to 58.
What do these numbers all mean? Once again, the homes over $2M are taking less time to sell than those under $2M. Single family homes seem to be the best market of those we track. All it all, November has traditionally been a slow month as is December. The market numbers bear that out. We will have more analysis as months go on. We hope you appreciate the more detailed analysis of the market numbers.
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, 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 for the latest in San
Francisco Real Estate Market reports!
- 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 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 | 10 | $3,443,500 | $3,411,300 | 99.06% | 37 |
| Single Family Under $2M | 116 | $815,821 | $811,962 | 99.53% | 56 |
| Condominium+ | 72 | $820,909 | $815,426 | 99.33% | 55 |
| Loft Condo | 5 | $604,600 | $589,800 | 97.55% | 133 |
| Co-op | 2 | $3,614,500 | $3,609,750 | 99.87% | 36 |
| TIC | 9 | $561,667 | $553,778 | 98.60% | 83 |
| ALL * | 237 | $1,023,788 | $1,009,672 | 98.62% | 58 |
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 |
November 2007 **
| 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 |
* 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.
