Stats & Numbers: Condo Sales 10/06-10/07
Nov.29, 2007 in
San Francisco, Stats & Numbers, theFrontSteps
From Garrett:
| Condominiums | ||
| District 1 | Oct-06 | Oct-07 |
| Number of Sales | 15 | 7 |
| Median Selling Price | 701,000 | 779,000 |
| Average DOM | 33 | 25 |
| District 2 | Oct-06 | Oct-07 |
| Number of Sales | 0 | 2 |
| Median Selling Price | 752,500 | |
| Average DOM | 27 | |
| District 3 | Oct-06 | Oct-07 |
| Number of Sales | 3 | 0 |
| Median Selling Price | 595,000 | |
| Average DOM | 22 | |
| District 4 | Oct-06 | Oct-07 |
| Number of Sales | 2 | 5 |
| Median Selling Price | 466,500 | 600,000 |
| Average DOM | 47 | 30 |
| District 5 | Oct-06 | Oct-07 |
| Number of Sales | 28 | 31 |
| Median Selling Price | 785,000 | 891,000 |
| Average DOM | 34 | 37 |
| District 6 | Oct-06 | Oct-07 |
| Number of Sales | 15 | 28 |
| Median Selling Price | 692,000 | 742,500 |
| Average DOM | 40 | 36 |
| District 7 | Oct-06 | Oct-07 |
| Number of Sales | 20 | 28 |
| Median Selling Price | 950,000 | 1,400,000 |
| Average DOM | 46 | 35 |
| District 8 | Oct-06 | Oct-07 |
| Number of Sales | 38 | 30 |
| Median Selling Price | 782,500 | 772,000 |
| Average DOM | 45 | 45 |
| District 9 | Oct-06 | Oct-07 |
| Number of Sales | 34 | 46 |
| Median Selling Price | 702,500 | 669,000 |
| Average DOM | 49 | 39 |
| District 10 | Oct-06 | Oct-07 |
| Number of Sales | 2 | 8 |
| Median Selling Price | 454,299 | 353,500 |
| Average DOM | 24 | 39 |
Data Provided by San Francisco Association of Realtors
November 29th, 2007 at 10:20 am
so much for a downturn in district 6:
District 6 Oct-06 Oct-07
Number of Sales 15 28
Median Selling Price 692,000 742,500
Average DOM 40 36
November 29th, 2007 at 10:40 am
Yeah that’s a surprising trend. The Divisadero corridor, in particular, has become a whole lot more attractive to people in the last year or so.
November 29th, 2007 at 11:06 am
What people seem to ignore here is statistical sample size. Specifically, a statistical sample needs to have a count of at least 30 to factor out noise and be relevant. The only 2 districts that had over 30 sales both in 10/07 and 10/06 were districts 8 and 9. And prices have fallen in both.
November 29th, 2007 at 11:07 am
Another thing – and not sure if this is true or not – but I’ve heard the SF Realtors leave foreclosures and short sales out of the stats. These are becoming more common in the city now, and leaving them out skews the comps upwards.
[Editor's note: Hmmmm. Interesting. Care to help us track down whether that is true?]
November 29th, 2007 at 12:06 pm
The Divis corridor area and NOPA to it’s west are only going to get better and better. I put my money where my mouth is and bought a place there. Sooooo much more bang for your buck than Noe, Marina, etc. And centrally located to boot. Hard to beat IMO.
November 29th, 2007 at 5:48 pm
Surprised nobody highlights District 7
District 7 Oct-06 Oct-07
Number of Sales 20 28
Median Selling Price 950,000 1,400,000
Average DOM 46 35
November 30th, 2007 at 11:15 am
[Editor’s note: Hmmmm. Interesting. Care to help us track down whether that is true?]
I called the SF Association of Realtors, but they wouldn’t give me the information. Said it’s limited to members/subscribers. I know a lot of the folks here are Realtors. Anyone have 5 spare minutes to see if my supposition is true or not? Their number is 415-431-8500.
December 1st, 2007 at 1:06 pm
Where do you get these Condo sales? Also, do you have October Sfh sales by district? thnx!
December 1st, 2007 at 2:04 pm
I’ve seen “possible short sale” in the agents comments a lot lately.
February 1st, 2008 at 11:13 am
Thanks for sharing