The San Francisco Real Estate Report – August 2007

It’s been a hectic Monday. Trying to function in the real estate world without email is like trying to catch a criminal without the ability to process fingerprints. It’s possible, but it sure is hard work. Our IT department is still trying to rebuild our email database, so that still means, no email for Luba. The first phase was denial, then it was anger, then it was acceptance…. now it’s just patient waiting. In the meantime, my “Official” The San Francisco Real Estate Report was just released so I thought I’d give you access to it.
This is more thorough than the feature I recently started in September that I plan on publishing on the 1st of every month. Those numbers are rough, while the numbers in The San Francisco Real Estate Report are complete, and have pretty charts and graphs to go with them.
A quick summary of the report:

The median price for condos in San Francisco in August rose 0.6% to $820,000 from July, up 10% compared to last August. The average price for condos gained 2.3% to $847,209, month-over-month. The average price was up 7.3% year-over-year.

San Francisco condo sales rose 1.5% in August, but was down 3.3% year-over-year. Year-to-date, condo sales are up 0.2%.

The median price for single-family, re-sale homes rose 2.9%, a year-over-year gain of 10.1%. The average price fell 9.8%, up 13.7% compared to last August.

Home sales fell 4.8%, month-over-month, and were down 7.4% year-over-year. Year-to-date, home sales are down 6.5%.

To read more, and see the breakdown my district, and check out the pretty charts, check out The San Francisco Real Estate Report .

Luba