San Francisco Real Estate Sales Data – July 2008

As I do every month, I ran the latest San Francisco real estate sales figures from the month of July for you.  The last few months, I’ve been a little bit behind schedule (I like to do these at the beginning of each month,) but hell, I’m not a superhero or anything!  I’m just a human Realtor that occasionally gets busy, or has life get in the way of this little humble San Francisco Real Estate Blog.   I’m a San Francisco Realtor by addiction, I’m a San Francisco blogger by choice. 
Enough about me though, right?  You want to talk about SALES!
Single Family homes sales volume is down, median price is up, days on market is down.  Condo/Loft and Co-op sales volume is up, median price is up, days on market is down.  TIC sales volume is down, median price is down, days on market is slightly up. 
What I am noticing across the board is that the list to sales price ratio for properties that are selling within 30 days is climbing.  And as far as medians go, the median list to sale price ratio is telling me that places are mostly selling for close to the asking price.  Whether it’s an indication of better pricing strategy on the side of sellers and their listing agents, or if it’s an indication that the market is stabilizing – it’s an indication that you’re not able to go and steal anyone’s property out from under them.  You can get a good place at a good price, but no seller needs to just give it away to you.   
Though I still sing the same tune from last month… I think we’re still moving along at a pace that’s great for buyers, not so great for sellers and is still, overall, ok for the City.
So here’s this month’s summary of home sales pulled directly from the MLS. Remember, these are all closed sales and not pending sales.
Check back monthly to get the latest facts and figures – and if you have any questions about these statistics, or the market in general, feel free to give me a holler! I’m always happy to talk “real estate!” ;-)
Here’s a quick snapshot of the market from July 1, 2008 through July 31, 2008:
Single Family Homes

  • 219 Homes Sold
  • Median Sale Price was $849,000
  • Minimum Sale Price was $190,000
  • Maximum Sale Price was $7,700,000
  • Median Selling Price was 100% of asking price
  • Median Days on Market was 29
  • Median Selling Price for homes that sold within 30 days was 104.5% of asking price

Condominiums, Lofts & Co-ops

  • 230 Homes Sold
  • Median Sale Price was $795,900
  • Minimum Sale Price was $150,000
  • Maximum Sale Price was $5,000,000
  • Median Selling Price was 99% of asking price
  • Median Days on Market was 41
  • Median Selling Price for homes that sold within 30 days was 102.5% of asking price

TIC’s

  • 33 Homes Sold
  • Median Sale Price was $544,500
  • Minimum Sale Price was $265,000
  • Maximum Sale Price was $1,750,000
  • Median Selling Price was 102% of asking price
  • Median Days on Market was 77
  • Median Selling Price for homes that sold within 30 days was 105.77% of asking price

Luba

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