Fog City Guide

For those who love San Francisco and work to keep it a place to live, love and laugh.

Fog City Guide header image 1 <body><a href="">Click here to go to</a>.</body>

Photos timberline shingles on homes ankur desai * Servicio tecnico television great big god

dreamweaver 8 buy buy silver efex pro buy adobe elements 6 windows 7 price comparison where to buy windows xp software price of 3ds max microsoft office 2010 discount code best buy after effects cost of ms access 2010 buy windows server 2008 standard r2 best price adobe premiere pro cs5 buy office publisher cost of ms office 2010 purchase adobe contribute cs5 adobe captivate 5 purchase
buy cs4 design premium upgrade best price microsoft mappoint rosetta stone italian best buy office 2010 home and business price cheap adobe illustrator 8.0 purchase office 2003 product key buy symantec ghost solutions suite buy office 2013 now cost of parallels buy mathcad microsoft office price australia purchase adobe contribute buy adobe indesign uk buy microsoft publisher 2003 uk purchase microsoft office publisher 2003

San Francisco Market Watch August 1, 2009

August 1st, 2009 · No Comments

San Francisco’s Real Estate Market Watch

August 1, 2009

From the Fog City Guide

By Jed Lane


In July the number of sold units in the real estate market is up over the month previous in both single-family homes (SFH) and condominiums. SFH are up 10.6% and condos 12%. When looking at the same month one year ago the condos sales are down 30% and SFH are down only 1%. Here is a graph of the combined catogories showing units sold month by month.

San Francisco Unit sales graph July 08 to July 09


The above reflects the steady rise of units in escrow that has been happening in San Francisco since the first of the year, but as of August 1, 2009 the number of open escrows has turned down. Single family is down 11% and open escrows for condos are down 15%. The number of open escrows should predict the number of units sold. Therefore the market should see a decline in sales transactions in August.

San Francisco open escrow graph 2009

Although the rate of inventory absorption in both categories is still falling that number reflects the higher sales number of closed units. Even with the lower number of open escrows looking at the steady number of available properties on the market, 548 SFH and 940 condos, we are in a strong sellers market for SFH with the inventory sitting at a 2.65 month supply. Condos are riding the edge of a balanced to buyer’s market with inventory at a 5.14 month supply.

San Francisco Absorption rate graph 2009

Pricing, what is going on with pricing? The median price, we need to remember is a function of where are the majority of sales. That said the past month broke the upward trend line that has been going on in the city since March. Single-family homes fell from $785,000 to $780,000, little more than ½ of 1%. Condo’s showed a deeper shift from $676,000 to $601,000, more than 12%. Taken together the median price in San Francisco is $702,000 for the month of July 2009. That is a decline of just about 5% from the previous month and a 16% drop from the same month in 2008.

San Francisco median price graph july 08 to July 09

So what does it look like in my area of the City? Here is a table that shows what the median price, days on market and the median size in each of the ten districts of San Francisco. If you aren’t sure which district you live in check this map

Single Family Home Median July 2009
District Sale Price DOM Beds Baths
1 $1,075,000 63 3.5 2.5
2 $750,000 34 3 1.5
3 $650,500 30 2 1
4 $851,500 58 3 1.75
5 $1,240,000 40 3 2
6 $1,045,750 49 3 2
7 $4,792,500 46 4.5 4.5
8 No SFH sales in this district
9 $817,500 45 2.5 1.38
10 $503,000 34 3 1.5


Condo Median July 2009
District Sale Price DOM Beds Baths
1 $645,000 39 2 1
2 $645,000 39 2 1
3 $645,000 39 2 1
4 $645,000 39 2 1
5 $699,000 73 2 1
6 $619,655 43.5 2 2
7 $822,500 86 2 1
8 $664,500 49 2 2
9 $572,000 75 2 2
10 $645,000 46 2 1

Tags: Real Estate · San Francisco Fog City Guide · San Francisco Market Watch Graphs

0 responses so far ↓

  • There are no comments yet...Kick things off by filling out the form below.

You must log in to post a comment.

Get Adobe Flash playerPlugin by wordpress themes