January 2010 Report
San Francisco Real Estate Market Update for
December 2010
For a list of past market reports click here
The number of homes in the Overall Sales category sold in December increased significantly from November for the San Francisco Real Estate Market though average prices decreased. However, the average days on the market increased from November especially in the TIC category.
What do these numbers all mean? During what is typically a slow time of the year for San Francisco real estate, our market did relatively well. Although listing prices were not as high on average, selling prices were still not over 100% of asking price in any of the categories we track. Since marketing times (days on market) were longer, we can probably assume that there were some negotiations going on behind the scenes. It is still a buyer's market and will probably continue to be until summer. Once we hit our busy season, we shall see what the Sprint economy brings.
* 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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December 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 | 16 | $3,731,438 | $3,710,938 | 99.45% | 58 |
| Single Family Under $2M | 193 | $825,060 | $814,509 | 98.72% | 65 |
| Condominium+ | 152 | $760,350 | $740,865 | 97.94% | 90 |
| Loft Condo | 13 | $636,326 | $633,072 | 99.49% | 79 |
| Co-op | 4 | $1,644,750 | $1,454,717 | 94.08% | 71 |
| TIC | 21 | $602,500 | $601,429 | 99.82% | 143 |
| ALL * | 437 | $952,922 | $937,907 | 98.42% | 79 |
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 |
December 2009 **
| Property Type | Sold | Avg Listing |
Avg Selling Price |
% Sales Price versus Listing | Avg Days on Market |
| Single Family $2M & Over | 6 | $5,510,000 | $5,515,000 | 100.09% | 58 |
| Single Family Under $2M | 168 | $811,725 | $806,621 | 99.37% | 65 |
| Condominium+ | 143 | $772,538 | $752,812 | 97.45% | 93 |
| Loft Condo | 8 | $571,238 | $562,613 | 98.49% | 101 |
| Co-op | 5 | $2,232,800 | $2,121,000 | 94.99% | 167 |
| TIC | 44 | $656,341 | $652,795 | 98.46% | 118 |
| ALL * | 415 | $912,194 | $894,757 | 98.09% | 87 |
* 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.
