December 2009 Report
San Francisco Real Estate Market Update for
November 2009
For a list of past market reports click here
The number of homes in the Overall Sales category sold in November decreased slightly from October for the San Francisco Real Estate Market but much higher than a year ago. The average selling price was 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 $2M. As you can see by the table, it is the only category where the selling price was OVER 100% of the asking price for the second month in a row. The average days on the market was slightly less by about 7 days than they were in October indicating that the market is still brisk.
What do these numbers all mean? Even with the Thanksgiving holday season, sales were still very good. The biggest winner again in November were single family homes under $2M. Even though unemployment is still high and increasing, San Francisco appears to be headed for some good times again. Could it be because the mortgage rates remain relatively low? Could it also be the first time buyer tax credits? Maybe. The good news is that now is a good time to buy San Francisco real estate.
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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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 | 14 | $3,628,214 | $3,536,250 | 92.50% | 71 |
| Single Family Under $2M | 171 | $813,902 | $826,447 | 101.54% | 49 |
| Condominium+ | 161 | $820,719 | $801,196 | 98.72% | 65 |
| Loft Condo | 14 | $671,687 | $660,612 | 98.35% | 119 |
| Co-op | 3 | $558,000 | $548,333 | 98.27% | 41 |
| TIC | 30 | $538,367 | $532,892 | 98.98% | 83 |
| ALL * | 419 | $917,679 | $909,615 | 99.12% | 63 |
October 2009 **
| 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 |
November 2008 **
| 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 |
* 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.
