Stats & Numbers: 2-4 Units (09/06-09/07)

From Garrett. Thanks Garrett!!!

2-4 Units
District 1 Sep-06 Sep-07
Number of Sales 8 6
Median Selling Price 1,044,000 1,252,500
Average DOM 43 50
District 2 Sep-06 Sep-07
Number of Sales 11 2
Median Selling Price 1,050,000 1,482,500
Average DOM 30 90
District 3 Sep-06 Sep-07
Number of Sales 0 0
Median Selling Price
Average DOM
District 4 Sep-06 Sep-07
Number of Sales 0 1
Median Selling Price 1,500,000
Average DOM 131
District 5 Sep-06 Sep-07
Number of Sales 10 5
Median Selling Price 1,367,500 1,625,000
Average DOM 44 45
District 6 Sep-06 Sep-07
Number of Sales 8 5
Median Selling Price 1,214,500 1,199,000
Average DOM 76 31
District 7 Sep-06 Sep-07
Number of Sales 5 2
Median Selling Price 1,830,000 2,163,500
Average DOM 52 20
District 8 Sep-06 Sep-07
Number of Sales 3 1
Median Selling Price 1,385,000 2,900,000
Average DOM 51 25
District 9 Sep-06 Sep-07
Number of Sales 9 8
Median Selling Price 1,100,000 1,117,500
Average DOM 61 27
District 10 Sep-06 Sep-07
Number of Sales 0 0
Median Selling Price
Average DOM

Data provided by the San Francisco Association of Realtors

3 thoughts on “Stats & Numbers: 2-4 Units (09/06-09/07)”

  1. that’s really interesting. what do you make of it? the asp is higher and even dom is lower but the number of units lower.

  2. It tells us a lot of the same we’ve been hearing and seeing. “Volume down, Prices up.” The fact remains, inventory, at all levels, is still too low. Demand is still there. Investors are still snatching up multi-unit properties, and rents will continue to rise. Our market is doing fine, and the right properties still sell and usually sell quickly, simply because there is not enough to go around for everyone. We’ll see what the future holds. Still lots of negative news floating around out there. Not sure how much longer SF can defy logic, but so far it is.

  3. I don’t know but I have a theory. During spring of ’06 a law went into effect that severely limited homeowners ability to condo convert. Two to 4-unit properties with one or more protected tenants became harder to deal with in spring of ’06. By September of ’06 they were regarded as a pain in the ass. By September of ’07, after more than a few test cases, they became anathema. Nowadays only vacant 2-4 units are enticing, they are few and far between, and they cost a premium.

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