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Over, Under, At – SF Home Sales: March 1 – 7, 2008

up-down.jpgWelcome back to the “Over, Under, At” weekly feature. It’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 don’t get posted on the MLS.
Happy Monday folks. Single Family Homes did about what they did last week, but condos and TIC’s took a nose dive in terms of the number of sales. Properties are still selling – I mean, it IS San Francisco afterall. And lots of homes are selling at or above the listing price – which is very normal for this time of year (and every time of year except around November or December).
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 an agent. We’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 what’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 an agent, feel free to contact me. I’m always happy to talk real estate.
Here’s a quick breakdown of closed San Francisco home sales for the week from March 1 – 7, 2008:
Single Family Homes
32 Homes Sold

  • 16 Sold OVER Asking Price
  • 7 Sold UNDER Asking Price
  • 9 Sold AT Asking Price
  • Condos/Lofts/Co-ops’s
    33 Homes Sold

  • 10 Sold OVER Asking Price
  • 17 Sold UNDER Asking Price
  • 6 Sold AT Asking Price
  • TIC’s
    1 Home Sold

  • 1 Sold OVER Asking Price
  • 0 Sold UNDER Asking Price
  • 0 Sold AT Asking Price
  • Luba