December 2011 Report
San Francisco
Real Estate Market Update for November 2011
For a list of past market reports click here
The number of homes in the Overall Sales category sold in November were more than October as well as a year ago in the San Francisco Real Estate Market. Average selling prices were generally higher from last month but roughly the same as a year ago. The average days on the market increased dramatically from the previous month to about what they were a year ago.
What do these numbers all mean? For eight out of the last nine months, single family homes under $2M sold, on average, for more than the asking price. None of the other categories we track did as well which indicates that homes under $2M are still much coveted and in shorter supply. Take a look at individual days on market and you will see that regardless of what the media is saying about the economy coming back, buyers are still not "buying" it.
* 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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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 | 17 | $5,536,588 | $5,186,941 | 93.68% | 80 |
| Single Family Under $2M | 205 | $778,330 | $785,551 | 100.93% | 55 |
| Condominium+ | 144 | $805,893 | $783,398 | 97.21% |
84 |
| Loft Condo | 18 | $630,433 | $626,306 | 99.35% | 93 |
| Co-op | 6 | $2,372,333 | $2,290,000 | 96.53% | 103 |
| TIC | 26 | $613,531 | $607,365 | 98.99% | 72 |
| ALL * | 472 | $1,038,122 | $1,016,701 | 97.94% | 71 |
October 2011 **
| Property Type | Sold | Avg Listing |
Avg Selling Price |
% Sales Price versus Listing | Avg Days on Market |
| Single Family $2M & Over | 13 | $3,272,231 | $3,304,692 | 100.99% | 34 |
| Single Family Under $2M | 162 | $804,484 | $807,387 | 100.36% | 52 |
| Condominium+ | 130 | $734,991 | $721,802 | 98.21% |
67 |
| Loft Condo | 9 | $975,111 | $928,778 | 95.25% | 117 |
| Co-op | 4 | $592,250 | $552,500 | 93.29% | 60 |
| TIC | 16 | $576,313 | $577,625 | 100.23% | 78 |
| ALL * | 370 | $894,073 | $890,581 | 96.61% | 63 |
November 2010 **
| Property Type | Sold | Avg Listing |
Avg Selling Price |
% Sales Price versus Listing | Avg Days on Market |
| Single Family $2M & Over | 14 | $3,487,714 | $3,448,214 | 98.87% | 40 |
| Single Family Under $2M | 156 | $835,557 | $830,515 | 99.40% | 61 |
| Condominium+ | 121 | $809,381 | $792,699 | 97.94% | 74 |
| Loft Condo | 10 | $796,890 | $757,600 | 95.07% | 98 |
| Co-op | 4 | $1,578,500 | $1,485,000 | 94.08% | 116 |
| TIC | 16 | $564,188 | $552,339 | 97.90% | 102 |
| ALL * | 371 | $1,042,593 | $1,023,859 | 98.20% | 70 |
* 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 RealtorsŪ (NAR) and is a search engine for real estate nationwide. Realtor.com has all of San Francisco's listed homes and condominiums.
