| Should You Have Bought Last Year? | May 15th, 2006 |
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At our last sales meeting we studied how the San Francisco real estate market has fared for the first four months of this year when compared to the first four months of last year. Here’s what we found: Single Family Homes – In the first four months ’05: -There were 834 single family home sales -The average selling price of a San Francisco single family home was $1,108,521. -It 32 days to sell and sold for 112% of its asking price. In the first four months of ’06: -There were 707 single family home sales -The average selling price of a San Francisco single family home was $1,155,507. -It 40 days to sell and sold for 102.05% of its asking price. ************************************ Condos – In the first four months of ’05: -There were 831 condominium sales. -The average selling price of a San Francisco condominium was $831,170. -It took 30 days to sell and sold for 109.32% of its asking price. In the first four months of ’06: There were 786 condominium sales. The average selling price of a San Francisco condominium was $832,819. -It took 45 days to sell and went for 100.3% of its asking price. **************************************** 2-4 Units— (also known as “residential income”) In the first four months of ’05: There were 261 residential income sales The average selling price of a residential income property in San Francisco was $1,257,516. It took 43 days to sell and went for 106.22% of its asking price. In the first four months of ’06: -There were 217 residential income sales -The average selling price of a residential income property in San Francisco was $1,385,226. -It took 53 days to sell and went for 100.94% of its asking price. *************************************** I am not including TIC’s as part of this study. If you would like info on how the TIC market has fared, please call or email me. This is only part of the data we studied. I also have on hand median prices, and what the highest and lowest prices were within each category. Plus, we have this new killer statistical program that can churn out all kinds of flow charts showing how the market performs in different ways from year-to-year. If you have a specific question about statistics or raw data for your neighborhood, please ask. I can probably get the answer for you pretty quick. Know anyone who is thinking of buying or selling in San Francisco? I can make a real estate transaction easy, painless, rewarding and even fun! So tell your friends. . . . Thanks! Cece Blase |
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