Yet again, Luba’s San Francisco Real Estate Blog brings you latest San Francisco Real Estate market report here. (You can also view previous market updates by selecting the archives on the upper right portion of the screen). Heres’s a little glimpse of the report:
Median Home Price Continues Rising
| Trends at a Glance | |||
| (Single-family Homes) | |||
| Mar 11 | Feb 11 | Mar 10 | |
| Home Sales: | 203 | 116 | 220 |
| Median Price: | $765,000 | $645,000 | $789,500 |
| Average Price: | $1,054,979 | $812,615 | $1,097,489 |
| Sale/List Price Ratio: | 99.6% | 98.1% | 99.8% |
| Days on Market: | 67 | 81 | 54 |
| (Lofts/Townhomes/TIC) | |||
| Mar 11 | Feb 11 | Mar 10 | |
| Condo Sales: | 206 | 160 | 222 |
| Median Price: | $636,000 | $565,000 | $655,000 |
| Average Price: | $720,802 | $672,836 | $741,291 |
| Sale/List Price Ratio: | 97.4% | 97.8% | 97.7% |
| Days on Market: | 69 | 84 | 70 |
After hitting a two year low in January, the median price for single-family re-sale homes rose 18.6% in March from February. Year-over-year, the median price was off for the seventh month in a row, falling 3.1%.
After falling to their lowest level since January 2009 in February, home sales bounced back last month, which is normal for this time of year, and rose 75% from February. The 203 home sales last month were 7.7% lower than last March.
