San Francisco Real Estate Sales Data – August 2008

As I do every month, I ran the latest San Francisco real estate sales figures from the month of August for you.  I’m a little late this month since the weather was soooo nice at the beginning of September, 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.

This month, as is common for August, volume is down from July across the board.  But the median figures – price, days on market and list price vs. sale price – didn’t change enough to make me think the market is changing in any particular direction.  TIC median price did drop a little drastically compared to July 2008, however, the sampling of TIC’s that close each month is rather small, and I tend to think that the drastic swings in price in this category have to do with the bigger extremes you’re likely to see in a smaller sample of data.  (This is about the only thing I remember from my college statistics class.)

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 August 1, 2008 through August 31, 2008:

Single Family Homes

• 196 Homes Sold
• Median Sale Price was $843,000
• Minimum Sale Price was $409,000
• Maximum Sale Price was $5,300,000
• Median Selling Price was 102% of asking price
• Median Days on Market was 35
• Median Selling Price for homes that sold within 30 days was 103.5% of asking price

Condominiums, Lofts & Co-ops

• 161 Homes Sold
• Median Sale Price was $770,000
• Minimum Sale Price was $250,000
• Maximum Sale Price was $6,250,000
• Median Selling Price was 98% of asking price
• Median Days on Market was 46
• Median Selling Price for homes that sold within 30 days was 102.5% of asking price

TIC’s

• 40 Homes Sold
• Median Sale Price was $543,500
• Minimum Sale Price was $345,000
• Maximum Sale Price was $1,312,500
• Median Selling Price was 99% of asking price
• Median Days on Market was 70
• Median Selling Price for homes that sold within 30 days was 105% of asking price