San Francisco Real Estate Sales Data – December 2008

I know I’ve skipped a month or two, but I’m back to my regular blogging schedule, so once again, I ran the latest San Francisco real estate sales figures from the month of December for you.  The year had it’s ups and downs and lots of speculation about where the market is heading.  I still don’t have a crystal ball, but I do have data.  So here it is, raw and unfiltered, just how you like it.

Sales are down drastically from the summer months (about 30%), median price is down from the summer months (about 15%) and days on market numbers have increased drastically (about 33%).  However, properties are still selling.  And some are still selling over the asking price.  The market has no doubt changed.  Some of the changes are seasonal – the market slows every winter, but this winter has, indeed, been slower than the last several years. 

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 December 1, 2008 through December 31, 2008:

Single Family Homes

  • 125 Homes Sold
  • Median Sale Price was $710,000
  • Minimum Sale Price was $180,000
  • Maximum Sale Price was $4,000,000
  • Median Selling Price was 101% of asking price
  • Median Days on Market was 53
  • Median Selling Price for homes that sold within 30 days was 102% of asking price

Condominiums, Lofts & Co-ops

  • 91 Homes Sold
  • Median Sale Price was $250,000
  • Minimum Sale Price was $665,000
  • Maximum Sale Price was $3,900,000
  • Median Selling Price was 98% of asking price
  • Median Days on Market was 60
  • Median Selling Price for homes that sold within 30 days was 99% of asking price

TIC’s

  • 29 Homes Sold
  • Median Sale Price was $595,300
  • Minimum Sale Price was $286,000
  • Maximum Sale Price was $1,475,000
  • Median Selling Price was 101% of asking price
  • Median Days on Market was 52
  • Median Selling Price for homes that sold within 30 days was 100% of asking price

Luba