San Francisco Real Estate Update – March 2011




 
Yet again, Luba’s San Francisco Real Estate Blog brings you latest San Francisco Real Estate market report here. (You can also view previous market updates by selecting the archives on the upper right portion of the screen). Heres’s a little glimpse of the report:

Median Home Price Continues Rising

Trends at a Glance
(Single-family Homes)
Mar 11 Feb 11 Mar 10
Home Sales: 203 116 220
Median Price: $765,000 $645,000 $789,500
Average Price: $1,054,979 $812,615 $1,097,489
Sale/List Price Ratio: 99.6% 98.1% 99.8%
Days on Market: 67 81 54
(Lofts/Townhomes/TIC)
Mar 11 Feb 11 Mar 10
Condo Sales: 206 160 222
Median Price: $636,000 $565,000 $655,000
Average Price: $720,802 $672,836 $741,291
Sale/List Price Ratio: 97.4% 97.8% 97.7%
Days on Market: 69 84 70

After hitting a two year low in January, the median price for single-family re-sale homes rose 18.6% in March from February. Year-over-year, the median price was off for the seventh month in a row, falling 3.1%.

After falling to their lowest level since January 2009 in February, home sales bounced back last month, which is normal for this time of year, and rose 75% from February. The 203 home sales last month were 7.7% lower than last March.

 

Luba

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