Median Sales Prices and Number of Units Sold for Property Types in San Francisco

On 09.25.09, In California Real Estate, San Francisco Real Estate Market Update, Uncategorized, By christine

San Francisco sales for Single Family Homes, Condominiums, Tenants-In-Common and 2-4 Mixed unit buildings.

The chart below illustrates a visual perspective of the median sales prices and unit sales by month thus far in 2009 for the different property types in San Francisco. There has been a spike in sales over the summer months and the activity is still strong.  The sales price will vary from neighborhood to neighborhood and overall the strongest sales in the city were in District 5 at the end of August.  The neighborhoods of District 5, including Noe Valley, Eureka Valley/Dolores Heights, Glen Park, Haight Ashbury, Parnassus/Ashbury Heights, etc. resulted in an increase in median price for both single family homes and condominiums in August compared to both last year and two years ago.

Median Sales Prices

Median Sales Price Chart August 2009

Number of Units Sold

Number of Units Sold August 2009

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Mission Bay Real Estate: Berry Street Condo Stats for YTD 2009; Few Sales, Price Declines, but Finally Some Movement!

On 08.21.09, In Berry Street Market Update, Mission Bay Real Estate, San Francisco Real Estate Market Update, By christine

In developing my blog to provide useful content about the SF Real Estate market in the South Beach, Mission Bay, SOMA neighborhoods I am creating a series specific market updates.  This update is the first in a series on the market activity of Berry Street in Mission Bay.  While I research market information from various sources, and follow the market day in and day out, the information is not always 100%.  In particular the units representing 300 Berry St. aka The Arterra, are only representative of the units listed through the multiple listing service system and will not reflect other units they may have in the inventory.  Of these buildings on Berry St, The Arterra is the only remaining building trying to sell out the units from the developer.  They have made a lot of progress with some really good deals.  So what does the activity look like?  Below is a graph on the activity of currently listed units, sold units and withdrawn/expired units since the beginning of this year.

Berry Street August 09 Update

*Source San Francisco Multiple Listing Service System.

Bottom line…the activity of sales has been low for Berry Street.  Most of the resales listed since the beginning of the year have not sold (that is true for most of the resales on this street in general).  Keep in mind Berry Street is mostly new.  A majority of the homeowners have only lived there for 2-3 years.  Only 255 Berry residents have been there long enough to possibly see some profit in their sale.  The good news is that there has been more movement in the past couple months for closings on Berry Street.  Let’s hope this continues into the fall!

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New Development of a Transportation Terminal in San Francisco

On 05.11.09, In San Francisco Real Estate Market Update, Transbay Terminal Development, By christine

Movements are underway for the new Transbay Terminal in San Francisco.  This new hub for transportation is being modeled after other cities like London, Tokyo and New York.  It will create a centralized place for all our transportation to merge and allow change over to the various transportation services.  Caltrain will be extended underground from the 4th Street & King station to this hub.  BART, MUNI and even a future high speed light rail will converge in this epicenter. Overall it will connect 8 transportation operations from 9 Bay Area Counties.

The terminal itself will have 5 levels including the Rail, concourse, ground, mezzanine, bus and a roof top park.  The park will be a stretch of public open space and at the end will the a future tower of residential and commercial units (most likely).  Construction is expected to last through 2018 (which means most likely longer) and will happen in phases (the last of which will most likely be the high speed light rail connecting SF to LA in 2 1/2 hours) .

The transportation is not all that goes along with this tremendous project. The neighborhood will continue to grow with new commercial businesses and residential units built up around the area.  We have already seen some of the development with The Millennium Tower, The Infinity Towers and One Rincon.  There will be other residential buildings slated to be constructed after the Transbay Terminal development in the respective areas.

The temporary terminal is under construction at the corner of Main and Folsom.  Storage for many of the buses (particularly the ones that come from out of the city who normally go back prior to the end of the day and will now stay in the city to cut down on expenses and carbon emissions) will be stored during the day under the freeway overpass at 4th street between Harrison and Bryant.

For more informaiton and updates visit www.transbaycenter.org.

Future Transbay Terminal and Tower

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San Francisco City and County April Sales Market Update

On 05.05.09, In San Francisco Real Estate Market Update, By christine

Market Statistics for Single Family Homes, Condominiums (includes condos, loft condos, tic and stock cooperatives) and 2-4 Unit Buildings

The below statistics for a 2 year comparison of April 2007 to April of 2009 for the City of San Francisco.  These numbers are averages for the sales throughout the city so please keep in mind that the numbers may be very different when looking at a more specific neighborhood.  The variances may also adjust based on price point.

For a specific analysis of you property based on the details of your home/investment and the neighborhood please email me.

SFH 07 vs 09:
Median Price (sold): -21% (2007 $910,000 vs 2009 $715,000 )
Number of Units (sold): -42% (2007 207 units vs 2009 121 units)
Months Supply of Inventory: +20% ( 2007 2.5 months vs 2009 3.0)
Days on Market:  +74% (2007 30 days vs 2009 52 days)

Condo (condo/loft condo/co-op/tic) 07 vs 09:
Median Price (sold):  -10% ( 2007 $717,500 vs 2009 $649,000 )
Number of Units (sold):  – 60% (2007 284 units vs 2009 113 units )
Months Supply of Inventory:  +119% (2007 2.2 months vs 2009 4.8 months)
Days on Market: +59% (2007 36 days vs 2009 57 days)

2-4 Units 07 vs 09:
Median Price (sold): – 30% (2007 $1,360,500 vs 2009 $950,000)
Number of Units (sold):  -57% ( 2007 44 units vs 2009 19 units)
Months Supply of Inventory:  +88%  ( 2007 3.5 months vs 2009 6.6 months)
Days on Market: +27% (2007 50 days vs 2009 64 days)

 
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San Francisco City and County March Sales Market Update

On 04.03.09, In San Francisco Real Estate Market Update, Uncategorized, By christine


Market Statistics for Single Family Homes, Condominiums (includes condos, loft condos, tic and stock cooperatives) and 2-4 Unit Buildings

The below statistics for a 2 year comparison of March 2007 to March of 2009 for the City of San Francisco.  These numbers are averages for the sales throughout the city so please keep in mind that the numbers may be very different when looking at a more specific neighborhood.  The variances may also adjust based on price point.

For a specific analysis of you property based on the details of your home/investment and the neighborhood please email me.

Single Family Home March 07 vs 09:
Median Price (sold): -23% (March 07 $880,000 vs March 09 $680,000 )
Number of Units (sold): -43% (March 07 205 units vs March 09 117 units)
Months Supply of Inventory: +69% ( March 07 2.2 months vs March 09 3.8 months)
Days on Market: +89% (March 07 30 days vs March 09 56 days)

Condo (condo/loft condo/co-op/tic) March 07 vs 09:
Median Price (sold): -10% ( March 07 $714,000 vs March 09 $644,000 )
Number of Units (sold): – 67% (March 07 293 units vs March 09 96 units )
Months Supply of Inventory: +159% (March 07 2.2 months vs March 09 5.6 months)
Days on Market: +88% (March 07 35 days vs March 09 67 days)

2-4 Unit Buildings March 07 vs 09:
Median Price (sold): – 24% (March 07 $1,400,000 vs March 09 $1,065,000)
Number of Units (sold): -76% ( March 07 59 units vs march of 09 14 units)
Months Supply of Inventory: +207%  ( March 07 3.2 months vs March 09 10 months)
Days on Market: +141% (March 07 35 days vs March 09 84 days)

 
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