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.Â
*Just a reminder that new construction sales are rarely included in this list since they donâ€™t get posted on the MLS.
Happy Monday folks.Â I can report a little sign of what might potentially be good news (yes, Iâ€™m a little wary of jumping for joy just yet.)Â Â Sales SEEM toÂ be crawling upwards.Â (OK, buyers, this may not be good news for YOU, but I think youÂ still have plenty of time to take advantage of the good values out there.)Â And the Over/Under/At numbers are showing that not every property is selling for under the asking price.Â Â
In fact, last week, we had JUST TWO properties that sold over the asking price â€“ this week we haveÂ TEN! Â Now, Iâ€™m not saying the market is recovered, or even already recoveringâ€¦ but I feel like things are stabilizing and that qualified buyers are jumping on the opportunities in the market.Â And eventually, weâ€™ll come out of this slump.Â And some of you will have a shiny new (or maybe old) piece of real estateÂ to show for it!Â
Keep in mind that these reports are meant to be helpful for potential buyers and sellers – but to really understand the pulse of the SF real estate market, talk to a local real estate agent. Weâ€™re in the trenches and these closed sales went into escrow a month ago (sometimes less, sometimes more). We are much better in tune with whatâ€™s going on in the market TODAY and can give you much more in depth information than any set of statistics can. If you need advice from a San Francisco Realtor, feel free to email me or call me at 415â€“307â€“1392. Iâ€™m always happy to talk real estate.
Hereâ€™s a quick breakdown of closed San Francisco home sales for the week from February 16 â€“ 22, 2009:Â
Single Family Homes -Â 18 Homes Sold
Condos/Lofts/Co-opsâ€™s -Â 10 Homes Sold