San Francisco Real Estate Sales Data – February 2009

As I do every month, I ran the latest San Francisco real estate sales figures from the month of February for you.  Here it is, raw and unfiltered, just how you like it.
YAY!!  more homes sold this month than did last month all around.  (I’m letting out a sigh of relief here…)  Median prices crept up.  (Another sigh….)  Days on market slipped down.  (Sighing yet again….)  Things just aren’t feeling as bleak as they’ve felt in December and January.  My phone started ringing with buyers looking to buy in February and the data below proves that they did just that – they bought.  My prediction is that March will look even prettier.  (And I’m back to holding my breath…..)
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 February 1 to February 28, 2009:
Single Family Homes

  • 102 Homes Sold
  • Median Sale Price was $712,900
  • Minimum Sale Price was $209,000
  • Maximum Sale Price was $8,900,000
  • Median Selling Price was 101% of asking price
  • Median Days on Market was 42
  • Median Selling Price for homes that sold within 30 days was 101% of asking price

Condominiums, Lofts & Co-ops

  • 73 Homes Sold
  • Median Sale Price was $707,000
  • Minimum Sale Price was $220,000
  • Maximum Sale Price was $3,125,000
  • Median Selling Price was 97% of asking price
  • Median Days on Market was 66
  • Median Selling Price for homes that sold within 30 days was 99.5% of asking price

TIC’s

  • 14 Homes Sold
  • Median Sale Price was $762,500
  • Minimum Sale Price was $399,000
  • Maximum Sale Price was $1,550,000
  • Median Selling Price was 98% of asking price
  • Median Days on Market was 50
  • Median Selling Price for homes that sold within 30 days was 100% of asking price

Luba