Stats & Numbers: Single Family Homes May 2007 versus May 2008
Jun.11, 2008 in
market info, real estate, San Francisco, Single Family, Stats & Numbers
From Garrett, as always, with love:
| Single Family Homes | ||
| District 1 | May-07 | May-08 |
| Number of Sales | 18 | 26 |
| Median Selling Price | 1,597,500 | 1,433,642 |
| Average DOM | 35 | 34 |
| District 2 | May-07 | May-08 |
| Number of Sales | 48 | 51 |
| Median Selling Price | 897,000 | 835,000 |
| Average DOM | 32 | 35 |
| District 3 | May-07 | May-08 |
| Number of Sales | 16 | 10 |
| Median Selling Price | 813,500 | 639,500 |
| Average DOM | 37 | 53 |
| District 4 | May-07 | May-08 |
| Number of Sales | 36 | 27 |
| Median Selling Price | 1,225,000 | 1,087,680 |
| Average DOM | 33 | 35 |
| District 5 | May-07 | May-08 |
| Number of Sales | 36 | 35 |
| Median Selling Price | 1,457,500 | 1,299,000 |
| Average DOM | 32 | 29 |
| District 6 | May-07 | May-08 |
| Number of Sales | 5 | 3 |
| Median Selling Price | 1,725,000 | 979,000 |
| Average DOM | 37 | 47 |
| District 7 | May-07 | May-08 |
| Number of Sales | 13 | 14 |
| Median Selling Price | 4,650,000 | 3,545,000 |
| Average DOM | 36 | 49 |
| District 8 | May-07 | May-08 |
| Number of Sales | 1 | 2 |
| Median Selling Price | 2,750,000 | 3,670,000 |
| Average DOM | 94 | 118 |
| District 9 | May-07 | May-08 |
| Number of Sales | 17 | 15 |
| Median Selling Price | 835,000 | 900,000 |
| Average DOM | 50 | 29 |
| District 10 | May-07 | May-08 |
| Number of Sales | 43 | 41 |
| Median Selling Price | 722,000 | 570,101 |
| Average DOM | 49 | 47 |
Data Provided by SFAR
June 11th, 2008 at 1:20 pm
Median is down across the board. Is the top end of the market finally taking some hits?
D3 and D10 down over 20% in just one year. Ouch. Now that’s a crash.
The one bright spot for realtors: if you can get sellers to drop their prices, there are buyers ready to buy.
June 13th, 2008 at 9:30 am
Wow, I’m sure there will be those who can craft some argument that SF is still holding up on prices, but if SFRs, the strongest segment, have taken this big a hit (20%) in a year, those arguments have lost any credibility.
June 14th, 2008 at 10:03 pm
Wow! This is a shocker to me. I never saw this coming. I mean, I see the numbers all the time and I see the commentary and the market watchers, but this is truly a shocker. Could it be that the numbers are off. DIdn’t you guys post the numbers a month ago and weren’t they up? what gives. This really throws me as I was pretty close to jumping in on an offer on a SFR in Noe, which I understand is till flying high. Or is it? I’d love to hear from some of the realtors that read this site.