Yet again, Luba’s San Francisco Real Estate Blog brings you the latest San Francisco Real Estate market report right 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:
San Francisco Home Sales & Prices Up in October
After eighteenth months of declines, the median price of single-family, re-sale homes in San Francisco recorded it’s first year-over-year median price increase of 0.7%.
Sales of single-family, re-sale homes gained 26.3% last month compared to September, and were up 18.8% year-over-year. That’s the fourth month in a row year-over-year sales have been higher than the year before. Year-to-date, home sales are down 1.2%.
Condo/loft sales, on the other hand, were off 1.4% month-over-month, but up 9.7% compared to October 2008. This is the third month in a row condo/loft sales have been up year-over-year. Year-to-date, condo sales are off 9.6%.
The median price for lofts/condos in San Francisco dropped 1.2% from October, and was down 11.9% year-over-year. The average price fell 9.8% month-over-month, and was off 13.8% compared to October 2008.