San Francisco Real Estate Sales Data – December 2009
As I do every month, I ran the latest San Francisco real estate sales figures from the month of December for you. Obviously, I’m a little late, since it’s almost February, but as they say, better late than never, right? 😉
This month, single family sales volume increased. Median price dipped and days on market increased (not a surprise with lenders dragging their feet at every corner.) Condos increased in volume by a smidge and median price increased by a smidge too. and days on market increased (same as single family homes.) And TIC sales almost doubled from the month before -a BIG surprise since TIC interest rates aren’t usually very desirable and these days, rates on condos and single family homes ARE awesome. Without some sort of incentive from a seller, TIC’s just aren’t on everyone’s “to buy” list these days.
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.
Check back monthly to get the latest facts and figures – and 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 Deccember 1, 2009 through December 31, 2009:
Single Family Homes
200 Homes Sold
Median Sale Price was $757,609
Minimum Sale Price was $169,000
Maximum Sale Price was $14,000,000
Median Selling Price was 99% of asking price
Median Days on Market was 53
Median Selling Price for homes that sold within 30 days was 104% of asking price
Condominiums, Lofts & Co-ops
181 Homes Sold
Median Sale Price was $680,000
Minimum Sale Price was $212,900
Maximum Sale Price was $3,375,000
Median Selling Price was 97% of asking price
Median Days on Market was 70
Median Selling Price for homes that sold within 30 days was 98.4% of asking price
TIC’s
55 Homes Sold
Median Sale Price was $587,000
Minimum Sale Price was $340,000
Maximum Sale Price was $1,635,000
Median Selling Price was 98% of asking price
Median Days on Market was 72
Median Selling Price for homes that sold within 30 days was 101.5% of asking price