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)

 


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)

 

A new TV piolet is being filmed here in SF.  It focuses on emergency responders to a tanker truck crash (reminds me of the rig that destroyed part of the east bay on ramps not so long ago) and will cut off one of the main entrances and exits to I280.  The schedule effects north and south bound traffic over the next 7-10 days at various times.  These will be good days to take BART!  Below are the details sent out in a media alert.

MEDIA ALERT –1-280 N/B KING STREET EXP TO BE CLOSED SATURDAY MARCH 28 – WEDNESDAY APRIL 1ST (WEEKDAY MORNING COMMUTE HOURS EXCEPTED) and I-280 S/B KING STREET ENTRANCE TO BE CLOSED SUNDAY MARCH 29 from 1 PM -4 PM FOR FILMING OF TV PILOT IN SAN FRANCISCO

NORTHBOUND TRAFFIC ON I-280 WILL BE DIVERTED TO 6TH STREET due to the closure of the King Street off-ramp at Sixth Street in San Francisco on Saturday, March 28 at 5:00 AM through Sunday, March 29 until 10 p.m. and on Monday, March 30, Tuesday March 31st and Wednesday, April 1 from 10 AM – 9 PM each day leaving the exit ramp available after 9 PM – 10 AM to accommodate the weekday commute hours. Northbound traffic will be diverted onto the Sixth Street exit with detours set up to Embarcadero.

KING STREET ENTRANCE RAMP FOR SOUTHBOUND I-280 will be closed on Sunday.March 29th from 1 PM – 4 PM. Southbound traffic will be detoured from King Street to MARIPOSA STREET OR SIXTH STREET AT BRANNAN. The closures are to facilitate the filming of action sequences for the NBC Universal TV drama pilot ‘Trauma,” which features emergency responders working a tanker truck crash. The simulated freeway crash involving several cars and a tanker truck is scheduled for Saturday March 28 and will include aerial helicopter activity. The scenes to be filmed on Sunday will include an explosion with a fireball and billowing smoke. There will be aerial helicopter activity throughout the day. Throughout filming, there will also be intermittent traffic stoppages at the entrance to I-280 S/B at both 6TH Street and KING STREET whenever there
is a stunt being filmed or a helicopter landing or taking off. These brief intermittent stoppages will take place randomly during filming on the weekend and on the weekdays between 10 AM and 3 PM. The California Highway Patrol, the San Francisco Police and Fire Departments and other emergency service departments for the City of San Francisco and the State of California have been notified in advance of this permitted filming.

 

The first time home buyer tax credit in President Obama’s new stimulus packages offers a good incentive for buyers. Buyers often ask me if it is a good time to buy and my response… (more…)