San Francisco Home Sales Data – August 2007

So it’s officially September now.  Indian Summer is in full force here in the City, the Labor Day weekend is here and August sales data is officially available!  People are always asking me how the market is doing and I am always more than happy to talk about it (in fact, San Francisco real estate is one of my favorite things to talk about – yes!  I love my job!), but most times, numbers speak louder than words.  So I’ve decided to add a new monthly feature to my blog!  At the beginning of every month, I’ll post a summary of home sales pulled directly from the MLS.  Remember, these are all closed sales and not pending sales.  And there may still be a few lingering sales that haven’t been updated in the MLS just yet… most agents update the MLS data immediately, but there are always a few stragglers.  But the bulk of the data is here!

Check back monthly to get the latest facts and figures – and if you have any questions and 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 August 1, 2007 through August 31, 2007:

Single Family Homes

• 174 Homes Sold
• Median Sale Price was $923,000
• Minimum Sale Price was $450,000
• Maximum Sale Price was $7,950,000
• Median Selling Price was 105% of asking price
• Median Days on Market was 24
• Median Days on Market for homes that sold within 30 days was 111% of asking price

Condominiums, Lofts & Co-ops

• 173 Homes Sold
• Median Sale Price was $769,000
• Minimum Sale Price was $229,652
• Maximum Sale Price was $4,300,000
• Median Selling Price was 103% of asking price
• Median Days on Market was 32
  
• Median Days on Market for homes that sold within 30 days was 105% of asking price

TIC’s

• 55 Homes Sold
• Median Sale Price was $532,000
• Minimum Sale Price was $240,000
• Maximum Sale Price was $1,500,000
• Median Selling Price was 106% of asking price
• Median Days on Market was 52
  
• Median Days on Market for homes that sold within 30 days was 105% of asking price