San Francisco Real Estate Sales Data – January 2009

As I do every month, I ran the latest San Francisco real estate sales figures from the month of January for you.  I’m a little late this month since the weather was soooo nice, and frankly, I really didn’t want to deal with pulling reports from the MLS (if you’ve ever had the opportunity to witness any sort of MLS search, you know it’s easier and less painful to pull teeth out with a pair of tweezers.)  But here it is, raw and unfiltered, just how you like it.

Compared to December 2008, everything looks like it took a dip.  Sales volume fell, median prices fell, days on market increased – nothing really improved.  Of course, it’s more difficult to squeeze accurate information out of data when the sample is smaller, so having the sales volume decrease gives us less data to work with.  And of course, new construction sales are not usually included in this data because those don’t end up on the MLS.  This is going to affect the sales statistics for at least the next few months, and I can tell you that I’ve heard from various sources that due to the price breaks and incentives that developers of new construction are offering in SF, there have been many more new construction condos going into contract in the last few weeks.  Unfortunately, which we’ll never be able to count any of those sales in our statistics.  Which is a bummer, because I’m certain they would have made the numbers look at least a little better than they look here.  But alas, we don’t have those stats, but we do have the MLS. 

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 January 1, 2009 through January 31, 2009:

Single Family Homes

  • 77 Homes Sold
  • Median Sale Price was $608,000
  • Minimum Sale Price was $196,500
  • Maximum Sale Price was $4,500,000
  • Median Selling Price was 101% of asking price
  • Median Days on Market was 47
  • Median Selling Price for homes that sold within 30 days was 102% of asking price

Condominiums, Lofts & Co-ops

  • 43 Homes Sold
  • Median Sale Price was $690,000
  • Minimum Sale Price was $160,000
  • Maximum Sale Price was $3,200,000
  • Median Selling Price was 98% of asking price
  • Median Days on Market was 76
  • Median Selling Price for homes that sold within 30 days was 99% of asking price

TIC’s

  • 11 Homes Sold
  • Median Sale Price was $637,500
  • Minimum Sale Price was $278,000
  • Maximum Sale Price was $735,000
  • Median Selling Price was 98% of asking price
  • Median Days on Market was 75
  • Median Selling Price for homes that sold within 30 days was 95% of asking price

Luba