Welcome 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. The last two weeks gave us some more positive figures, but this week, we’re back down in the dumps. Bah humbug. As I’ve mentioned many times, looking at just one week’s worth of sales doesn’t give us a clear picture of the market. But it does give us a little glimpse. One thing that is very difficult to account for is new construction sales. I can honestly say that I’ve seen a good amount of recent sales occur in the new construction segment of the market, which unfortunatly (as noted above) are not usually listed in the MLS. If we could include those numbers, this picture might look a little better. But for now, we just hang tight and check the monthly numbers and hope that those continue to show some positive improvements.
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. 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 a San Francisco Realtor, feel free to email me or call me at 415–307–1392. I’m always happy to talk real estate.
Here’s a quick breakdown of closed San Francisco home sales for the week from March 2–8, 2009:
Single Family Homes – 13 Homes Sold
Condos/Lofts/Co-ops’s – 11 Homes Sold
TIC’s – 7 Home Sold