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:
Median Price for Homes Goes Over $800,000
The median price of single-family, re-sale homes in San Francisco saw prices up, year-over-year, for the second month in a row. The median price also went over $800,000 for the first time since August 2008.
The median price rose 7.2% from October, and it was up 9.2% compared to last November.
Sales of single-family, re-sale homes fell 15.4% last month compared to October, but were up 34.5% year-over-year. That’s the fifth month in a row year-over-year sales have been higher than the year before. Year-to-date, home sales are up 1.4%.
Condo/loft sales were off 2.8% month-over-month, but up 103.9% compared to November 2008. This is the fourth month in a row condo/loft sales have been up year-over-year. Year-to-date, condo sales are off 5.1%.
The median price for lofts/condos in San Francisco dropped 0.5% from October, and was down 6% year-over-year. The average price gained 6.9% month-over-month, and was off 7.9% compared to November 2008.