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July 2009 San Francisco Home Sales Data is Here!

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:

San Francisco Home Sales at Highest Level Since October 2006

Sales of single-family, re-sale homes and condos rose 15.5% in July compared to June. Home sales were also up 10.1% year-over-year. This is the first month home sales have been higher than the year before since last September. Year-to-date, home sales are down 12.3%.

Condo sales were up 17% month-over-month, but off 18.4% compared to July 2008. Year-to-date, condo sales are down 30.9%.
The median price for single-family homes rose for the fourth month in a row. The median price rose 0.6% from June, but was down 7.6% year-over-year. The average price dropped 5.7% month-over-month, and was down 10.8% compared to last July.
The median price for loft/condos in San Francisco fell 5.7% from June, and was down 20.3% year-over-year. The average price fell 3.1% month-over-month, and was off 19.8% year-over-year.

Read on for full details.