San Francisco Real Estate Sales Data – December 2009

As I do every month, I ran the latest San Francisco real estate sales figures from the month of December for you.  Obviously, I’m a little late, since it’s almost February, but as they say, better late than never, right?  

This month, single family sales volume increased.  Median price dipped and days on market increased (not a surprise with lenders dragging their feet at every corner.)  Condos increased in volume by a smidge and median price increased by a smidge too.  and days on market increased (same as single family homes.)  And TIC sales almost doubled from the month before -a BIG surprise since TIC interest rates aren’t usually very desirable and these days, rates on condos and single family homes ARE awesome.  Without some sort of incentive from a seller, TIC’s just aren’t on everyone’s “to buy” list these days. 

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 Deccember 1, 2009 through December 31, 2009:

Single Family Homes

• 200 Homes Sold
• Median Sale Price was $757,609
• Minimum Sale Price was $169,000
• Maximum Sale Price was $14,000,000
• Median Selling Price was 99% of asking price
• Median Days on Market was 53
• Median Selling Price for homes that sold within 30 days was 104% of asking price

Condominiums, Lofts & Co-ops

• 181 Homes Sold
• Median Sale Price was $680,000
• Minimum Sale Price was $212,900
• Maximum Sale Price was $3,375,000
• Median Selling Price was 97% of asking price
• Median Days on Market was 70
• Median Selling Price for homes that sold within 30 days was 98.4% of asking price

TIC’s

• 55 Homes Sold
• Median Sale Price was $587,000
• Minimum Sale Price was $340,000
• Maximum Sale Price was $1,635,000
• Median Selling Price was 98% of asking price
• Median Days on Market was 72
• Median Selling Price for homes that sold within 30 days was 101.5% of asking price