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:
Sales of single-family, re-sale homes and condos continued rising last month as we enter the Spring selling season. Home sales were up 11.1% from March, off 22.7% year-over-year. Year-to-date, home sales are off 21%.
Condo sales were up 22.3% month-over-month, but off 31.8% compared to April 2008. Year-to-date, condo sales are off 37.6%.
Prices continued the roller coaster ride they’ve been on for the past few months. After rising 17.3% in February from the month before, the median price dropped 3.2% in March, then rose 2.9% in April, a drop of 23.9% year-over-year. This is the twelfth month in a row the median price has been lower than the year before. The average price also rose, gaining 8.1% month-over-month, but down 19.8% compared to last April .
The median price for loft/condos in San Francisco was flat from March, and was down 14% year-over-year. The average price for condos rose 10.3% from March. The average price was off 15.5% year-over-year.