April 2008 San Francisco Home Sales Data is Here!

The latest market report is here. (You can also view previous market updates by selecting the archives on the upper right portion of the screen).
A snapshot of what’s in store for your eyes:

Sales & Prices Continue Rising in April

Trends at a Glance
(Single-family Homes)
  Apr 08 Mar 08 Apr 07
Home Sales: 181 147 191
Median Price: $933,500 $895,000 $913,000
Average Price: $1,207,183 $1,194,232 $1,142,472
Sale/List Price Ratio: 103.8% 101.7% 106.4%
Days on Market: 40 43 35

Both single-family, re-sale homes and condo sales rose in April, as is to be expected this time of year. The sale of single-family, re-sales homes gained 23.1% from March, a 5.2% decline year-over-year. Sales of condos and lofts rose 17.5% month-over-month, but were down 22.1% compared to last April.

The median price for single-family, re-sale homes rose 4.3% from March, and, it was up 2.2% year-over-year. The average price rose 1.1%, and, it was up 5.7% compared to last April.

The median price for condos in San Francisco fell 1.4% to $755,000 from March, but, was up 4.5% year-over-year. The average price for condos gained 0.3% to $917,238, a new record high, for the second month in a row.  The average price was up 10.5% year-over-year.

Condo sales gained 17.5% month-over-month, down 22.1% year-over-year.

Luba