Monthly Real Estate Report

DECEMBER 2009 Market Update: SF Median Price for Homes Goes Over $800,000

The median price of single-family, re-sale homes in San Francisco saw prices up, year-over-year, for the second month in a row. The median price also went over $800,000 for the first time since August 2008.

The median price rose 7.2% from October, and it was up 9.2% compared to last November. Sales of single-family, re-sale homes fell 15.4% last month compared to October, but were up 34.5% year-over-year. That's the fifth month in a row year-over-year sales have been higher than the year before. Year-to-date, home sales are up 1.4%.

Condo/loft sales were off 2.8% month-over-month, but up 103.9% compared to November 2008. This is the fourth month in a row condo/loft sales have been up year-over-year. Year-to-date, condo sales are off 5.1%.

The median price for lofts/condos in San Francisco dropped 0.5% from October, and was down 6% year-over-year. The average price gained 6.9% month-over-month, and was off 7.9% compared to November 2008.

Sales price to list price ratios for single-family homes rose 0.2 points to 100.5%. This is the third month in a row the sp/lp ratio has been over 100%. The ratio for condos/lofts fell 0.3 of a point to 97.8%.

 

NOVEMBER 2009 Market Update: Home Sales at Highest Level Since October 2006

Sales of single-family, re-sale homes and condos rose 15.5% in July compared to June. Home sales were also up 10.1% year-over-year. This is the first month home sales have been higher than the year before since last September. Year-to-date, home sales are down 12.3%.

Condo sales were up 17% month-over-month, but off 18.4% compared to July 2008. Year-to-date, condo sales are down 30.9%.

The median price for single-family homes rose for the fourth month in a row. The median price rose 0.6% from June, but was down 7.6% year-over-year. The average price dropped 5.7% month-over-month, and was down 10.8% compared to last July.

The median price for loft/condos in San Francisco fell 5.7% from June, and was down 20.3% year-over-year. The average price fell 3.1% month-over-month, and was off 19.8% year-over-year.

 

JULY 2009 Market Update: Property Sales & Prices Continued Rising in June 2009

Sales of single-family, re-sale homes and condos continued rising last month as we move through the Spring selling season. Home sales were up 16.9% from May, off 2.41% year-over-year. Year-to-date, home sales are down 17.1%.

Condo sales were up 20.5% month-over-month, but off 15% compared to June 2008. Year-to-date, condo sales are down 33.9%.

The median price for single-family homes rose for the third month in a row. The median price rose 3.2% from May, but was down 5.7% year-over-year. The average price also rose, gaining 9.5% month-over-month, but down 12.3% compared to last June.

The median price for loft/condos in San Francisco dipped 0.5% from May, and was down 15.1% year-over-year. The average price for condos fell 5.4% month-over-month, and was off 16.2% year-over-year.

 

APRIL 2009 Market Update: San Francisco Property Sales Up, Prices Down in March 2009

Sales of single-family, re-sale homes and condos continued rising last month. Home sales were up 21.2% from February, off 14.3% year-over-year. Year-to-date, home sales are off 20.3%.

Condo sales were up 27.3% month-over-month, but off 34.5% compared to March 2008. Year-to-date, condo sales are off 40.2%.

Prices continued the roller coaster ride they've been on for the past few months. After rising 17.3% in February from the month before, the median price dropped 3.2% in March, a drop of 22.9% year-over-year. This is the eleventh month in a row the median price has been lower than the year before. The average price also fell, falling 8.8% month-over-month, and down 25% compared to last March.

The median price for loft/condos in San Francisco dropped 11% from February, and was down 15.2% year-over-year. The average price for condos fell 18.2% from February. The average price was off 23.1% year-over-year.