Welcome back to the â€œOver, Under, Atâ€ weekly feature. Itâ€™s a simple breakdown taken from MLS data that shows the number of closed sales that sold Over Asking Price, Under Asking Price or At Asking Price.
*Just a reminder that new construction sales are rarely included in this list since they donâ€™t get posted on the MLS.
As I predicted last week, sales number are slipping. Single family homes are still closing for over asking, while condos took a make hit in the “Under” category. This may be a sign that if you’re in the market for a San Francisco condo, you might be in luck, and just might be able to find yourself a deal.
Of course, keep in mind we’re just looking at one week of activity in the crazy San Francisco Real Estate market, so next week’s “Over, Under, At” numbers might jump in a totally different direction… but if you’re a condo seller, you might want to take into consideration that the condo market isn’t as strong as it has been in previous years. I’m personally seeing fewer buyers out there in that “middle” price range of about $650K-900K which means you MUST price realistically if you want your home to sell. For the serious condo buyers out there, talk to your REALTOR immediately! You might be able to pick up a decent property at a good price (and I don’t mean cheap folks… SF homes just aren’t cheap, period.)
Here’s a quick breakdown of closed sales for the week from November 17 through November 23, 2007:
Single Family Homes –
27 Homes Sold
17 Homes Sold
1 Home Sold