San Francisco Real Estate Sales Data – November 2009

As I do every month, I ran the latest San Francisco real estate sales figures from the month of November for you.  I’m actually surprised I managed to make it on time – it’s been one hell of a month and if the way my phone has been ringing is any indication, 2010 is going bring some positive changes to the SF housing market. 

This month, single family sales volume slipped a little.  But, it’s slipped less than it has in other years, and my feeling is that part of the problem is that lenders are taking A LOT longer to close deals these days (I haven’t had a deal close ON TIME in several months) so I’m guessing we’ll see some of these sales close in December.  Median price did increase and days on market remained almost the same.  Condos on the other hand increased in volume by a smidge and median price slipped by a smidge and days on market decreased.  And TIC sales have dropped -and they seem to keep dropping 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 November 1, 2009 through November 30, 2009:

Single Family Homes

• 183 Homes Sold
• Median Sale Price was $822,500
• Minimum Sale Price was $165,000
• Maximum Sale Price was $9,000,000
• Median Selling Price was 98% of asking price
• Median Days on Market was 37
• Median Selling Price for homes that sold within 30 days was 103.5% of asking price

Condominiums, Lofts & Co-ops

• 176 Homes Sold
• Median Sale Price was $660,000
• Minimum Sale Price was $217,000
• Maximum Sale Price was $4,975,000
• Median Selling Price was 98% of asking price
• Median Days on Market was 50
• Median Selling Price for homes that sold within 30 days was 100% of asking price

TIC’s

• 29 Homes Sold
• Median Sale Price was $526,320
• Minimum Sale Price was $230,000
• Maximum Sale Price was $1,125,000
• Median Selling Price was 98% of asking price
• Median Days on Market was 60
• Median Selling Price for homes that sold within 30 days was 101.5% of asking price