San Francisco Home Sales Data – May 2008

It’s summer.  Seriously!  I know it’s overcast and cloudy, but it’s June, and that means the summer real estate buying season is at hand.
As I do every month, I ran the latest sales figures from the month of May for you.
The numbers this month don’t really have a common thread – except that sales volume is slightly up across the board.  Median price is down for single family homes but up for the others and days on market is down for single family homes but up for condos and TIC’s. 
So here’s this month’s summary of home sales pulled directly from the MLS. Remember, these are all closed sales and not pending sales.
Check back monthly to get the latest facts and figures – and if you have any questions about these statistics, or the market in general, feel free to give me a holler! I’m always happy to talk “real estate!” 😉
Here’s a quick snapshot of the market from May 1, 2008 through May 31, 2008:
Single Family Homes

  • 213 Homes Sold
  • Median Sale Price was $899,000
  • Minimum Sale Price was $280,000
  • Maximum Sale Price was $14,500,000
  • Median Selling Price was 101% of asking price
  • Median Days on Market was 26
  • Median Selling Price for homes that sold within 30 days was 103.5% of asking price

Condominiums, Lofts & Co-ops

  • 190 Homes Sold
  • Median Sale Price was $832,250
  • Minimum Sale Price was $247,386
  • Maximum Sale Price was $4,000,000
  • Median Selling Price was 98% of asking price
  • Median Days on Market was 39
  • Median Selling Price for homes that sold within 30 days was 102% of asking price

TIC’s

  • 51 Homes Sold
  • Median Sale Price was $678,245
  • Minimum Sale Price was $240,000
  • Maximum Sale Price was $1,608,000
  • Median Selling Price was 100% of asking price
  • Median Days on Market was 54
  • Median Selling Price for homes that sold within 30 days was 101% of asking price

Luba