San Francisco Real Estate Sales Data – September 2008

As I do every month, I ran the latest San Francisco real estate sales figures from the month of September for you.   (And yes, because of the blogging break – these stats are coming to you a little late, but better late than never, right?)

This month, volume is down from August.  Median price is also down, but days on market and list price vs. sale price – didn’t change very much in either direction. 

Most people will agree – the market has changed.  And frankly, no one know when it’ll really begin to change for the better, nor does anyone know if things will get much worse before they get better. 
 
The good news though, is that while many places in the country have lost up to 50% of the property value from when the housing bubble first popped, San Francisco still seems to be weathering the storm quite nicely.  Some places are taking longer to sell, lenders are adding more restrictions to fund loans, and more buyers have taken up the hobby of fence sitting.  But it seems that there are still plenty of active buyers out there and they’re ready, willing and able to purchase their SF home.  In fact, for those that are qualified, this is the best time in YEARS to buy a home. 

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.

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 September 1, 2008 through September 30, 2008:

Single Family Homes

  • 168 Homes Sold
  • Median Sale Price was $782,250
  • Minimum Sale Price was 300,000
  • Maximum Sale Price was $6,150,000
  • Median Selling Price was 101% of asking price
  • Median Days on Market was 33
  • Median Selling Price for homes that sold within 30 days was 103% of asking price

Condominiums, Lofts & Co-ops

  • 122 Homes Sold
  • Median Sale Price was $738,750
  • Minimum Sale Price was $175,574
  • Maximum Sale Price was $4,795,000
  • Median Selling Price was 99% of asking price
  • Median Days on Market was 49
  • Median Selling Price for homes that sold within 30 days was 99.5% of asking price

TIC’s

  • 26 Homes Sold
  • Median Sale Price was $460,500
  • Minimum Sale Price was $188,000
  • Maximum Sale Price was $1,368,000
  • Median Selling Price was 103% of asking price
  • Median Days on Market was 68
  • Median Selling Price for homes that sold within 30 days was 103% of asking price

Luba

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