Luba Muzichenko

San Francisco Realtor

SF Real Estate Statistics

San Francisco Real Estate Charts and Stats

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To continue with the good news from today’s earlier post and since a pic is worth a thousand words, I thought I’d just throw a couple of charts and stats from the Polaris Group’s report about current San Francisco real estate market trends. 
So here ya go, short, sweet and pretty. 🙂
While the number of resale condominiums in November (as opposed to new construction) is still down 14% over the same time period  in 2007, it is UP 98% over November 2008. 

SF Real Estate November 2009

Put that together with the fact that 14 new developments sold out in 2009 and several more are close to selling out.  Few new developments are coming on the market in 2010, and the balance between supply and demand is setting the stage for a good balanced SF housing market!

San Francisco New Condo Inventory

SF Condo Stats

So, in a nutshell, while there’s no guarantees, looking at the charts above points to an indication that 2010 is looking pretty positive for SF real estate.  And if the number of new buyers that have contacted me in the last week alone is any sign of what’s to come next year, I’d agree with the charts!

 

 

San Francisco Fast Facts August 2008 vs. August 2009

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San Francisco Association of Realtors District Map

For those of you that like your SF real estate market data without commentary, here ya go.  Take a look, check it out, come to your own conclusions. 
Or – you can always ask me questions. 

 

 

 

Fast Facts

 
(Editor’s Note: Set forth below are Unit Sales/DOM/Monthly Supply charts for the month of August for single-family homes, condominiums and 2-4 units, as well as Supply/Demand, Sales Rate and Median Price charts for the same month.)
Single-Family Homes

Condos

2-4 Units

 


UC_#_Units_SFR.pdf


UC_#_Units
Condo.pdf


Supply_Demand_SFR
Condo.pdf


Supply_Demand
SFR.pdf


Supply_Demand
Condo.pdf


Sales_Rate_SFR
Condo.pdf


Sales_Rate_SFR.pdf


Sales_Rate
Condo.pdf


Median_Price_SFR
Condo.pdf


Median_Price_SFR.pdf


Median_Price
Condo.pdf


UC_#_Units_SFR
Condo.pdf

 

 

 

 

 

 
 

NUMBER OF UNITS is the equivalent of number of sales/transactions. For condominiums, each unit is treated as a sale. For 2- to 4-unit buildings, the “building” is treated as a sale.
NUMBER SOLD is the number of properties in the market segment that closed escrow during the month.
NUMBER FOR SALE is the number of active properties on the market for one day or more during the month.
MEDIAN PRICE (SOLD) reflects the “middle” price point of a group of properties that have successfully closed escrow on a monthly basis, i.e. half sold for more and half sold for less than the median price. Tracking the movement of median prices over time provides a good indicator of the direction market forces are moving.
If the percentage change is positive between the two periods then there is upward pressure on prices in that market segment. If the percentage change is negative between the two periods then there is downward pressure on prices in that market segment.
AVERAGE DAYS ON MARKET (DOM) reflects how long it has been taking (on average) to draw an offer on a reasonably priced property exposed to the market. The AVERAGE DAYS ON MARKET is defined as: The average number of days it took all of the properties that went under contract during the period to accept a first position offer.
MONTH’S SUPPLY OF INVENTORY (MSI) is a measure of how long it would take, in months, to sell the existing inventory at the current sales rate for the specific neighborhood and property type. The MONTH’S SUPPLY OF INVENTORY is defined as: The number of active properties on the market for one day or more during the month, less the number of properties that have been withdrawn or expired, divided by the number of properties that have gone under contract during the month.

* * * * *

Data provided by Terradatum.
 
 

New Fast Facts Format Coming to a San Francisco Real Estate Blog Near You

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I can’t say I always like the way the San Francisco Association of REATORS functions.  I definitely can’t stand the exorbitant fees they charge us to use the MLS and to be members (and if you’re not a member, you may as well not try to sell real estate in SF.)  And the MLS doesn’t always work as it should. And, well – I’m not here to diss them, so I’ll just stop.
The SFAR actually just did a pretty cool thing and revamped the fast facts they provide to us, REALTORS.
The SFAR hooked up with Terradatum, the award-winning real estate technology solutions company, to imprive the format of market data appearing in the Fast Facts section of REALTOR® Advantage Online each week, which I, then, share with you all.  But it’s not JUST the format that’s improving, the data itself is getting better too.  Now there will Days on Market (DOM) data as well months supply of inventory.  WOO HOO!  Seriously.  WOO HOO!
According to the email I received today from the SFAR:

Beginning with the August 12, 2008, issue of the publication, and continuing weekly thereafter, the Fast Facts section will provide a snapshot of market statistics for San Francisco and Daly City.  A different property type will be featured each week (i.e., Single Family Homes, Condo, 2-4 Units) and statistics will be given for each district 1 through 11, for the city overall (Districts 1-10) and for Daly City (District 11). 

The data Teradatum and the Association are intending to provide appears below…..

Also appearing below is a set of terms and definitions that will be used in the presentation of market data. Although it was published earlier, it is being published again so that readers can more readily understand the data fields presented.

Teradatum 07/22/08

NUMBER SOLD reflects the number of properties in the market segment that closed escrow during the month.

NUMBER FOR SALE is the number of active properties on the market for one day or more that month.

MEDIAN PRICE (SOLD) reflects the “middle” price point of a group of properties that have successfully closed escrow on a monthly basis, i.e. half sold for more and half sold for less than the median price.  Tracking the movement of median prices over time provides a good indicator of the direction market forces are moving. 

If the percentage change is positive between the two periods then there is upward pressure on prices in that market segment. If the percentage change is negative between the two periods then there is downward pressure on prices in that market segment. 

AVERAGE DAYS ON MARKET (DOM) reflects how long it has been taking (on average) to draw an offer on a reasonably priced property exposed to the market.  The AVERAGE DAYS ON MARKET is defined as:

The average number of days it took all of the properties that went under contract during the period to accept a first position offer.

MONTHS SUPPLY OF INVENTORY (MSI) is a measure of how long it would take, in months, to sell the existing inventory at the current sales rate for the specific neighborhood and property type.  The MONTHS SUPPLY OF INVENTORY is defined as:

The number of active properties on the market for one day or more that month, less the number of properties that have been withdrawn or expired, divided by the number of properties that have gone under contract for the month being measured.

San Francisco Home Sales Data – June 2008

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As I do every month, I ran the latest San Francisco real estate sales figures from the month of June for you.  And yes, I know we’re almost in August.  And yes, I know I usually run these at the beginning of the month.  But I was on vacation (and on dial-up) at the beginning of the month.  And then I got busy right when I got back, so here we are – late as hell.  But better late than never, right? 
Single Family homes sales volume is up, median price is down, days on market is up.  Condo/Loft and Co-op sales volume is slightly up, median price is down, days on market is up.  TIC sales volume is down, median price is down, days on market is up.
What’s this all mean?  It ain’t a pretty picture folks.  But, it also ain’t ugly.  San Francisco real estate is still faring much better than the country in general, and one month of lower prices doesn’t a crappy market make.  I’ll be the first to admit (adamantly) that the picture ain’t rosy – but, things could be much worse.  If this trend continues for a few months – then I’ll switch my song from “ain’t rosy” to “it’s ugly.”  But for now – I think we’re still moving along at a pace that’s great for buyers, not so great for sellers and is still, overall, ok for the City.
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 June 1, 2008 through June 30, 2008:
Single Family Homes

  • 294 Homes Sold
  • Median Sale Price was $752,500
  • Minimum Sale Price was $130,000
  • Maximum Sale Price was $18,000,000
  • Median Selling Price was 99% of asking price
  • Median Days on Market was 34
  • Median Selling Price for homes that sold within 30 days was 103.5% of asking price

Condominiums, Lofts & Co-ops

  • 198 Homes Sold
  • Median Sale Price was $772,500
  • Minimum Sale Price was $150,000
  • Maximum Sale Price was $5,000,000
  • Median Selling Price was 99% of asking price
  • Median Days on Market was 48
  • Median Selling Price for homes that sold within 30 days was 103.5% of asking price

TIC’s

  • 41 Homes Sold
  • Median Sale Price was $609,000
  • Minimum Sale Price was $240,000
  • Maximum Sale Price was $1,608,000
  • Median Selling Price was 100% of asking price
  • Median Days on Market was 70
  • Median Selling Price for homes that sold within 30 days was 99% of asking price

San Francisco Home Sales Data – May 2008

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It’s summer.  Seriously!  I know it’s overcast and cloudy, but it’s June, and that means the summer real estate buying season is at hand.
As I do every month, I ran the latest sales figures from the month of May for you.
The numbers this month don’t really have a common thread – except that sales volume is slightly up across the board.  Median price is down for single family homes but up for the others and days on market is down for single family homes but up for condos and TIC’s. 
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 May 1, 2008 through May 31, 2008:
Single Family Homes

  • 213 Homes Sold
  • Median Sale Price was $899,000
  • Minimum Sale Price was $280,000
  • Maximum Sale Price was $14,500,000
  • Median Selling Price was 101% of asking price
  • Median Days on Market was 26
  • Median Selling Price for homes that sold within 30 days was 103.5% of asking price

Condominiums, Lofts & Co-ops

  • 190 Homes Sold
  • Median Sale Price was $832,250
  • Minimum Sale Price was $247,386
  • Maximum Sale Price was $4,000,000
  • Median Selling Price was 98% of asking price
  • Median Days on Market was 39
  • Median Selling Price for homes that sold within 30 days was 102% of asking price

TIC’s

  • 51 Homes Sold
  • Median Sale Price was $678,245
  • Minimum Sale Price was $240,000
  • Maximum Sale Price was $1,608,000
  • Median Selling Price was 100% of asking price
  • Median Days on Market was 54
  • Median Selling Price for homes that sold within 30 days was 101% of asking price

Open Shutter to the Past: San Francisco in Pictures – Bay to Breakers (1965)

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Welcome back to Photo Friday – my little way of taking a break from San Francisco Real Estate and instead blogging about our great City’s past instead. All photos are published with permission from the San Francisco History Center and San Francisco Public Library.

Most of you know that the San Francisco Bay to Breakers is an annual tradition here in the City.  But what lots of you may not know is that the Bay to Breakers is the longest consecutively running footrace in the world.  The race was started in 1912 to try to cheer the City up after the destruction that 1906 brought upon us. 

While the race sees it’s share of serious athletes that actually run the 7.46 mile route, a majority of the participants take the race a little more leisurely, and the contest becomes less about who can get their the fastest, but rather who can look the best getting there, who can show the most skin on the way, or in some cases – who can get hammered the fastest.  And let’s not forget the big blowout party at the end of the whole thing. 

But long before the race became a costume contest, it was, well – a race!  Today’s photo had the newscaption:

OFF THEIR COURSE? Well, slightly perhaps, but to distance runners – and especially those in training for News Call Bulletin-sponsored Bay to Breakers Race, scheduled for Sunday, May 23 – know well enough grinding out the miles on the hills is the kind of practice necessary. With the University of San Francisco fielding a track team for the first time this year, Coach John Fry has entered John Sweet, left, and Rich League, both experienced distance runners, in the 55th annual Bay to Breakers, 7.6-mile run.

Oddly enough, even though I’ve lived in the City since I was two years old, I’ve never participated in the Bay to Breakers.  And I won’t be participating this year either – I’ll be taking a few days off to relax in beautiful Lake Tahoe!  But, since I plan on being in San Francisco for ever and ever, I’ll have plenty more opportunities to join in the festivities.

If you are participating in the race, make sure you stay good and hydrated and don’t forget the slather on a little extra sunscreen – this weekend is gonna be a scorcher! 

And since I’ll be in Lake Tahoe, I’ll be unplugging, and that means no blog posts for a few days.  But don’t worry, I’ll be back early next week. 

Happy Friday and have a great weekend!

San Francisco Home Sales Data – April 2008

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Do you realize that it’s MAY???  I mean, a third of 2008 is now but a memory.  Winter is over (though I couldn’t really tell by today’s weather) and Spring isn’t far from being over too. 
Other things that typically happen this time of year is that San Francisco Real Estate Sales pick up – and this year is no less typical (in this regard at least) that others.  With that being said – I went ahead and ran the sales from the MLS as I do every month and found some interesting stuff.
Notables from April 2008 sales figures:

  • Median sales price rose across the board from last month.
  • The selling price vs. listing price percentage increased in single family homes and TIC’s, but dropped in condos.
  • Days on market decreased across the board.
  • In terms of sales volume, single family home and condos increased drastically over last month, but we had just 2 more TIC sales than we did in March.

Last month I had a theory about TIC buyers.   And I’m starting to think I was right.  I’m also noticing better deals on condos due to less competition.  In fact, I was just able to help my client negotiate an offer on a condo for $50K under the asking price.  We did provide the sellers with other concessions such as a short escrow and free rent back, but we got the price we wanted – so I think everyone is happy.  The point is, there are good values out there right now – and if you’re hunting for a home right now, you might find a good deal.  And sellers, don’t be afraid to sell now – but do be prepared to be realistic about the sales price. 
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 April 1, 2008 through April 30, 2008:
Single Family Homes

  • 193 Homes Sold
  • Median Sale Price was $935,000
  • Minimum Sale Price was $350,000
  • Maximum Sale Price was $5,625,000
  • Median Selling Price was 104% of asking price
  • Median Days on Market was 30
  • Median Selling Price for homes that sold within 30 days was 105% of asking price

Condominiums, Lofts & Co-ops

  • 184 Homes Sold
  • Median Sale Price was $815,000
  • Minimum Sale Price was $335,000
  • Maximum Sale Price was $4,625,000
  • Median Selling Price was 98% of asking price
  • Median Days on Market was 35
  • Median Selling Price for homes that sold within 30 days was 104% of asking price

TIC’s

  • 40 Homes Sold
  • Median Sale Price was $664,000
  • Minimum Sale Price was $263,500
  • Maximum Sale Price was $1,799,000
  • Median Selling Price was 102% of asking price
  • Median Days on Market was 45
  • Median Selling Price for homes that sold within 30 days was 102% of asking price