As we are getting into the last quarter of the year, San Francisco and the Bay Area have gone through a lot of changes. They could be good or bad depending on how you look at it. As I have mentioned on another post, what will the city be like in the next 5 years? ... [Read More]
In many areas in the nation, there are areas that are cheaper to buy a home then to rent. You now can find a home for $100,000 in New York and through out the country including Hawaii.
It may seem like some areas have not been affected by the economy but that is not true. The properties that ... [Read More]
In many areas in the nation, there are areas that are cheaper to buy a home then to rent. You now can find a home for $100,000 in New York and through out the country including Hawaii.
It may seem like some areas have not been affected by the economy but that is not true. The properties that sell really quickly are usually the cream of the neighborhood.
The Bay Area has been hit as well but not as bad as other areas. It will be a while before we get out of this mess.
Related articles
Buying Is Cheaper Than Renting (troyrecord.com)
Real Estate is still active in San Francisco.
As expected sales numbers went back down about 31% in San Francisco real estate market from the previous holiday week which included the end of June. But the total sales volume over the week increased a little over 24% and the number of listings in contract increased also.
The number of listing ... [Read More]
Real Estate is still active in San Francisco.
As expected sales numbers went back down about 31% in San Francisco real estate market from the previous holiday week which included the end of June. But the total sales volume over the week increased a little over 24% and the number of listings in contract increased also.
The number of listing increased by a little over 10% so there is more homes on the market.
Average days on the market increased by 14 days to 62 days. Homes are still selling between 2 – 3 months.
MLS Stats for single family in San Francisco
Week Ending
Week Ending
Week Ending
Weekly %
6/27/2009
7/4/2009
7/11/2009
Change
# of sales
41
61
42
-31.15%
Avg. Sold Price
$1,185,141
$1,102,472
$1,178,705
6.91%
Avg. Days On The Market (Sold)
58
48
62
29.17%
# of Contingent
103
137
163
18.98%
# of Pendings
175
208
262
25.96%
_________
_________
_________
Total in Contract
278
345
425
23.19%
# of Listings
465
509
562
10.41%
Avg. List Price
$1,707,339
$1,766,470
$1,620,786
-8.25%
Sold Price % of Listing Price
69.41%
62.41%
72.72%
16.52%
Total Sales Volume
$48,590,800
$39,689,000
$49,505,600
24.73%
Click here to get a break down in your area
