San Francisco Real Estate Sales Data – April 2009

As I do every month, I ran the latest San Francisco real estate sales figures from the month of April for you.  And with the variety of weirdnesses that we’ve seen in the market, it’s nice to look at some cold hard facts.  So here it is, raw and unfiltered data, just how you like it.
Good news folks.  The SF real estate market seems to be holding steady.  As of last month, sales volume was up. In fact, SF home sales volume has been steadily rising every month since January.   Yes, some of this is seasonal, but prime selling season hasn’t started yet, so to me, this looks like buyers have more confidence in the market and are getting out there and, well, buying.  Am I calling the bottom of the San Francisco real estate market?  Not quite yet, but ALMOST! I feel it is CLOSE! (For all I know, it HAS already hit bottom.) 
What makes me think so positively? Well, in addition to sales volume creeping upwards, even median prices for everything except TIC’s ticked upwards!!!  (And with such great rates on “regular” property, buying a Tenancy in Common only makes sense for the right person with the right property and the right real estate goals.)  Anyhow – pulling these numbers put me in such a good mood that if I knew how to dance a jig, I would.  But I can’t, so I’m off to dance a polka!  And while I’m dancing you can go get to reading.  
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 April 1, 2009 through April 30, 2009:
Single Family Homes

  • 127 Homes Sold
  • Median Sale Price was $715,000
  • Minimum Sale Price was $234,000
  • Maximum Sale Price was $7,750,000
  • Median Selling Price was 97% of asking price
  • Median Days on Market was 46
  • Median Selling Price for homes that sold within 30 days was 101.5% of asking price

Condominiums, Lofts & Co-ops

  • 97 Homes Sold
  • Median Sale Price was $680,000
  • Minimum Sale Price was $256,000
  • Maximum Sale Price was $5,500,000
  • Median Selling Price was 97% of asking price
  • Median Days on Market was 59
  • Median Selling Price for homes that sold within 30 days was 99% of asking price

TIC’s

  • 25 Homes Sold
  • Median Sale Price was $489,000
  • Minimum Sale Price was $250,000
  • Maximum Sale Price was $1,175,000
  • Median Selling Price was 98% of asking price
  • Median Days on Market was 56
  • Median Selling Price for homes that sold within 30 days was 102% of asking price

 

Luba

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