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Archive for the ‘Stats & Numbers’ Category

Stats & Numbers: Single Family Homes 10/07 vs. 10/08

Wednesday, November 19th, 2008

Oy Vey! Like a client said today, “It’s not like the market slowly corrected. It just feels like the floor fell out…boom! There went the bottom.”

Click For Larger Image

“NUMBER OF UNITS is the equivalent of number of sales/transactions. For condominiums, each unit is treated as a sale. For 2- to 4-unit buildings, the “building” is treated as a sale.

NUMBER SOLD is the number of properties in the market segment that closed escrow during the month.

NUMBER FOR SALE is the number of active properties on the market for one day or more during the month.

MEDIAN PRICE (SOLD) reflects the “middle” price point of a group of properties that have successfully closed escrow on a monthly basis, i.e. half sold for more and half sold for less than the median price. Tracking the movement of median prices over time provides a good indicator of the direction market forces are moving.

If the percentage change is positive between the two periods then there is upward pressure on prices in that market segment. If the percentage change is negative between the two periods then there is downward pressure on prices in that market segment.

AVERAGE DAYS ON MARKET (DOM) reflects how long it has been taking (on average) to draw an offer on a reasonably priced property exposed to the market. The AVERAGE DAYS ON MARKET is defined as: The average number of days it took all of the properties that went under contract during the period to accept a first position offer.

MONTH’S SUPPLY OF INVENTORY (MSI) is a measure of how long it would take, in months, to sell the existing inventory at the current sales rate for the specific neighborhood and property type. The MONTH’S

SUPPLY OF INVENTORY is defined as: The number of active properties on the market for one day or more during the month, less the number of properties that have been withdrawn or expired, divided by the number of properties that have gone under contract during the month.

* * * * *

Data provided by Terradatum. For additional information about market statistics and/or additional information about Terradatum’s products and services, please call Terradatum at 1-888-212-4793 Ext. 2 or send e-mail to info@terradatum.com.”

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Noe Valley/Cole Valley Over $2 Million Past 12 Months

Tuesday, November 11th, 2008

Have you been wondering what’s been happening in sales for Noe and Cole Valleys for the past 12 months? We have, so we thought we’d share with you too.

Apparently it’s not all bad in Noe (according to the San Francisco Chronicle), but can Cole Valley step up to the plate? We think so.

Enjoy!

-Noe Valley/Cole Valley Homes Sold Past 12 Months over $2 million

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Stats & Numbers: 2-4 Units 09/07 versus 09/08

Wednesday, October 29th, 2008
Click Photo to Enlarge Image

Click Photo to Enlarge Image

NUMBER OF UNITS is the equivalent of number of sales/transactions. For condominiums, each unit is treated as a sale. For 2- to 4-unit buildings, the “building” is treated as a sale.

NUMBER SOLD is the number of properties in the market segment that closed escrow during the month.

NUMBER FOR SALE is the number of active properties on the market for one day or more during the month.

MEDIAN PRICE (SOLD) reflects the “middle” price point of a group of properties that have successfully closed escrow on a monthly basis, i.e. half sold for more and half sold for less than the median price. Tracking the movement of median prices over time provides a good indicator of the direction market forces are moving.

If the percentage change is positive between the two periods then there is upward pressure on prices in that market segment. If the percentage change is negative between the two periods then there is downward pressure on prices in that market segment.

AVERAGE DAYS ON MARKET (DOM) reflects how long it has been taking (on average) to draw an offer on a reasonably priced property exposed to the market. The AVERAGE DAYS ON MARKET is defined as: The average number of days it took all of the properties that went under contract during the period to accept a first position offer.

MONTH’S SUPPLY OF INVENTORY (MSI) is a measure of how long it would take, in months, to sell the existing inventory at the current sales rate for the specific neighborhood and property type. The MONTH’S SUPPLY OF INVENTORY is defined as: The number of active properties on the market for one day or more during the month, less the number of properties that have been withdrawn or expired, divided by the number of properties that have gone under contract during the month.

* * * * *

Data provided by Terradatum. For additional information about market statistics and/or additional information about Terradatum’s products and services, please call Terradatum at 1-888-212-4793 Ext. 2 or send e-mail to info@terradatum.com.

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Stats & Numbers: Condominiums 09/07 vs. 09/08

Monday, October 27th, 2008
Click to Enlarge Image

Click to Enlarge Image

NUMBER OF UNITS is the equivalent of number of sales/transactions. For condominiums, each unit is treated as a sale. For 2- to 4-unit buildings, the “building” is treated as a sale.

NUMBER SOLD is the number of properties in the market segment that closed escrow during the month.

NUMBER FOR SALE is the number of active properties on the market for one day or more during the month.

MEDIAN PRICE (SOLD) reflects the “middle” price point of a group of properties that have successfully closed escrow on a monthly basis, i.e. half sold for more and half sold for less than the median price. Tracking the movement of median prices over time provides a good indicator of the direction market forces are moving.

If the percentage change is positive between the two periods then there is upward pressure on prices in that market segment. If the percentage change is negative between the two periods then there is downward pressure on prices in that market segment.

AVERAGE DAYS ON MARKET (DOM) reflects how long it has been taking (on average) to draw an offer on a reasonably priced property exposed to the market. The AVERAGE DAYS ON MARKET is defined as: The average number of days it took all of the properties that went under contract during the period to accept a first position offer.

MONTH’S SUPPLY OF INVENTORY (MSI) is a measure of how long it would take, in months, to sell the existing inventory at the current sales rate for the specific neighborhood and property type. The MONTH’S SUPPLY OF INVENTORY is defined as: The number of active properties on the market for one day or more during the month, less the number of properties that have been withdrawn or expired, divided by the number of properties that have gone under contract during the month.

* * * * *

Data provided by Terradatum. For additional information about market statistics and/or additional information about Terradatum’s products and services, please call Terradatum at 1-888-212-4793 Ext. 2 or send e-mail to info@terradatum.com.

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Pacific Heights in the Spotlight

Wednesday, October 22nd, 2008

As always, theFrontSteps is open to new contributors and writers joining us, so if you think you have what it takes to blog (doesn’t take much), give us a shout and let us know. This comes to us from Arrian Binnings, via his new blog Inside SF Real Estate. We found it quite good (void of most Realtor spin, and generally informative) and have asked him to write a column for us (hence the full content version, rather than just a link). What say you, the readers? Good stuff?

Pacific Heights. Mmmmm, what an incredible part of our City. Just imagining it conjures up images of huge mansions, gloriously landscaped yards, jaw-dropping views, and:

Standard Pac Heights TP Roll
Standard Pac Heights TP Roll

Seriously though, we wanted to take out our San Francisco micro-market magnifying glass and see what condo prices are doing in the area. Are they up? Down? Major bubble burst (aka, Bubblicious)??

Well that’s exactly what we set out to do, and here’s how we did it.

First, we looked at Median Sales Prices for condos in Pacific Heights, dating back to the year 1995. All sales are per MLS. We capped each year at October 20th, so we could include 2008 and get an even comparison (something about saying apples to apples just drives me crazy). As you might expect, we left out Single Family Homes, TICs, Lofts, and Stock Co-Ops.

 

Here’s the tale of the tape: (more…)

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Stats & Numbers: Single Family Homes 8/07 vs. 8/08

Wednesday, September 10th, 2008

From the SFAR Advantage Online:

click for larger image

click for larger image

NUMBER OF UNITS is the equivalent of number of sales/transactions. For condominiums, each unit is treated as a sale. For 2- to 4-unit buildings, the “building” is treated as a sale.

NUMBER SOLD is the number of properties in the market segment that closed escrow during the month.

NUMBER FOR SALE is the number of active properties on the market for one day or more during the month.

MEDIAN PRICE (SOLD) reflects the “middle” price point of a group of properties that have successfully closed escrow on a monthly basis, i.e. half sold for more and half sold for less than the median price. Tracking the movement of median prices over time provides a good indicator of the direction market forces are moving.

If the percentage change is positive between the two periods then there is upward pressure on prices in that market segment. If the percentage change is negative between the two periods then there is downward pressure on prices in that market segment.

AVERAGE DAYS ON MARKET (DOM) reflects how long it has been taking (on average) to draw an offer on a reasonably priced property exposed to the market. The AVERAGE DAYS ON MARKET is defined as: The average number of days it took all of the properties that went under contract during the period to accept a first position offer.

MONTH’S SUPPLY OF INVENTORY (MSI) is a measure of how long it would take, in months, to sell the existing inventory at the current sales rate for the specific neighborhood and property type. The MONTH’S SUPPLY OF INVENTORY is defined as: The number of active properties on the market for one day or more during the month, less the number of properties that have been withdrawn or expired, divided by the number of properties that have gone under contract during the month.

* * * * *

Data provided by Terradatum. For additional information about market statistics and/or additional information about Terradatum’s products and services, please call Terradatum at 1-888-212-4793 Ext. 2 or send e-mail to info@terradatum.com.

[District Map, Tour de San Francisco (real estate) by Districts]

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San Francisco Single Family Home “Real Estate Market Cycles”

Tuesday, September 9th, 2008

This chart was sent via email (anonymously), but we’ll go ahead and give credit to where we think they found the info, and, of course, share with you:

Interesting…

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Stats & Numbers: 2-4 Units July ‘07 versus July ‘08

Wednesday, August 27th, 2008
Click on Image for Larger View

Click on Image for Larger View

NUMBER OF UNITS is the equivalent of number of sales/transactions. For condominiums, each unit is treated as a sale. For 2- to 4-unit buildings, the “building” is treated as a sale.

NUMBER SOLD is the number of properties in the market segment that closed escrow during the month.

NUMBER FOR SALE is the number of active properties on the market for one day or more during the month.

MEDIAN PRICE (SOLD) reflects the “middle” price point of a group of properties that have successfully closed escrow on a monthly basis, i.e. half sold for more and half sold for less than the median price. Tracking the movement of median prices over time provides a good indicator of the direction market forces are moving.

If the percentage change is positive between the two periods then there is upward pressure on prices in that market segment. If the percentage change is negative between the two periods then there is downward pressure on prices in that market segment.

AVERAGE DAYS ON MARKET (DOM) reflects how long it has been taking (on average) to draw an offer on a reasonably priced property exposed to the market. The AVERAGE DAYS ON MARKET is defined as: The average number of days it took all of the properties that went under contract during the period to accept a first position offer.

MONTH’S SUPPLY OF INVENTORY (MSI) is a measure of how long it would take, in months, to sell the existing inventory at the current sales rate for the specific neighborhood and property type. The MONTH’S SUPPLY OF INVENTORY is defined as: The number of active properties on the market for one day or more during the month, less the number of properties that have been withdrawn or expired, divided by the number of properties that have gone under contract during the month.

* * * * *

Data provided by Terradatum.

Source: SFAR

New data coming soon…

Thursday, July 24th, 2008
Click for larger image

Click for larger image

Check it out! As Realtors, we get a nifty little report (Advantage Online) sent to us from the very San Francisco Association of Realtors we sometimes criticize. (Hey! We’re allowed to vent.) And like countless other real estate blogs in SF, we bring some of the data to you.

Well, SFAR has teamed up with Terradatum and will be modifying the “fast facts”, and we’ll be bringing the new version to you.

Follow the break to read the details on the new “fast facts”… (more…)

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Stats & Numbers: Condos May ‘07 versus May ‘08

Wednesday, June 25th, 2008

District Map

Condominiums
District 1 May-07 May-08
Number of Sales 17 15
Median Selling Price 905,000 850,000
Average DOM 30 62
District 2 May-07 May-08
Number of Sales 1 3
Median Selling Price 790,000 937,000
Average DOM 2 33
District 3 May-07 May-08
Number of Sales 4 3
Median Selling Price 440,000 380,000
Average DOM 50 86
District 4 May-07 May-08
Number of Sales 7 5
Median Selling Price 585,000 606,000
Average DOM 37 40
District 5 May-07 May-08
Number of Sales 42 32
Median Selling Price 911,000 938,500
Average DOM 29 52

District 6 May-07 May-08
Number of Sales 15 8
Median Selling Price 842,000 831,500
Average DOM 26 35
District 7 May-07 May-08
Number of Sales 31 32
Median Selling Price 1,295,000 1,075,000
Average DOM 36 50
District 8 May-07 May-08
Number of Sales 51 45
Median Selling Price 699,000 775,000
Average DOM 36 47
District 9 May-07 May-08
Number of Sales 59 42
Median Selling Price 750,000 795,000
Average DOM 46 77
District 10 May-07 May-08
Number of Sales 8 4
Median Selling Price 509,500 349,475
Average DOM 64 34

Source: San Francisco Schtuff

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Stats & Numbers: “Home sales up,” “Home sales down”

Wednesday, June 18th, 2008

Perhaps the best way to begin this little ditty is with Leslie Appleton Young’s (Chief Economist for the California Association of Realtors) quote from the very report from which we obtained this information:

Knowing the median price is interesting, but it is as indicative of the value of your home as knowing the median temperature in America is to predicting the local weather.

We can hear the threats coming, “Oh she has special interests behind her! It’s all a joke, they’re interest is in keeping the housing market alive!” And this is true, but with this very quote, she couldn’t be more on the money.

So by the numbers:

[No, your eyes are not going bad, zee computer is and we're working with Microsoft Paint!]

Home sales were up, year-over-year, for the first time since last May. There were 224 homes sold in May, the highest number since the 224 sold in November 2006. Year-to-date, home sales are down 12%.

Loft/condo sales were also strong, rising 26.4% from April, down 17% year-over-year. Year-to-date, loft/condo sales are off 25.8%.

The median price for single-family, re-sale homes lost 5.9% from April, and, it was down 10% year-over-year. The average price rose 9.2%, but, it was off 0.9% compared to last May.

The median price for loft/condos in San Francisco gained 4.6% to $790,000 from April, and, was up 3.6% year-over-year. The average price for condos dropped 2.6% from the record high set in April. The average price was up 8% year-over-year.

You can find the full report there, and of course are welcome to discuss everything here.

-San Francisco Real Estate Report [SFRE Reports via CleanOffer]

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Stats & Numbers: Single Family Homes May 2007 versus May 2008

Wednesday, June 11th, 2008

From Garrett, as always, with love:

District Map (PDF)

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

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Stats & Numbers: 2-4 Unit April ‘07 versus April ‘08

Thursday, May 29th, 2008

From Garrett, as always, with love:

District Map (PDF)

2-4 Units
District 1 Apr-07 Apr-08
Number of Sales 7 8
Median Selling Price 1,450,000 1,380,000
Average DOM 95 90
District 2 Apr-07 Apr-08
Number of Sales 8 7
Median Selling Price 1,037,500 1,200,000
Average DOM 47 61
District 3 Apr-07 Apr-08
Number of Sales 1 0
Median Selling Price 800,000
Average DOM 26
District 4 Apr-07 Apr-08
Number of Sales 0 1
Median Selling Price 1,072,500
Average DOM 57
District 5 Apr-07 Apr-08
Number of Sales 11 9
Median Selling Price 1,675,000 1,500,000
Average DOM 55 35
District 6 Apr-07 Apr-08
Number of Sales 6 2
Median Selling Price 1,612,500 1,250,000
Average DOM 55 49
District 7 Apr-07 Apr-08
Number of Sales 2 2
Median Selling Price 1,685,000 1,875,000
Average DOM 185 15
District 8 Apr-07 Apr-08
Number of Sales 1 1
Median Selling Price 600,000 1,520,000
Average DOM 32 10
District 9 Apr-07 Apr-08
Number of Sales 7 3
Median Selling Price 1,160,000 978,000
Average DOM 126 70
District 10 Apr-07 Apr-08
Number of Sales 1 2
Median Selling Price 770,000 742,500
Average DOM 83 54

Data Provided by SFAR

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Stats & Numbers: Condos April ‘07 vs. April ‘08

Thursday, May 22nd, 2008

From Garrett, muchas Gracias!

District Map (PDF)

Condominiums
District 1 Apr-07 Apr-08
Number of Sales 5 11
Median Selling Price 975,000 1,065,000
Average DOM 32 31
District 2 Apr-07 Apr-08
Number of Sales 4 0
Median Selling Price 712,000
Average DOM 45
District 3 Apr-07 Apr-08
Number of Sales 2 4
Median Selling Price 652,000 605,000
Average DOM 48 101
District 4 Apr-07 Apr-08
Number of Sales 10 3
Median Selling Price 631,000 525,000
Average DOM 28 77
District 5 Apr-07 Apr-08
Number of Sales 23 32
Median Selling Price 950,000 968,000
Average DOM 37 33
District 6 Apr-07 Apr-08
Number of Sales 24 10
Median Selling Price 777,000 837,500
Average DOM 30 35
District 7 Apr-07 Apr-08
Number of Sales 25 28
Median Selling Price 1,105,000 1,236,000
Average DOM 28 39
District 8 Apr-07 Apr-08
Number of Sales 46 32
Median Selling Price 705,000 804,000
Average DOM 57 53
District 9 Apr-07 Apr-08
Number of Sales 45 44
Median Selling Price 745,000 701,500
Average DOM 45 54
District 10 Apr-07 Apr-08
Number of Sales 6 1
Median Selling Price 544,500 589,000
Average DOM 47 4

Data Provided by SFAR

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Stats & Numbers: Condo Sales March ‘07 vs. March ‘08

Wednesday, April 23rd, 2008

From Garrett:

District Map (PDF)

Condominiums
District 1 Mar-07 Mar-08
Number of Sales 13 9
Median Selling Price 889,000 980,000
Average DOM 24 58
District 2 Mar-07 Mar-08
Number of Sales 4 3
Median Selling Price 895,000 766,000
Average DOM 16 73
District 3 Mar-07 Mar-08
Number of Sales 3 0
Median Selling Price 475,000
Average DOM 25
District 4 Mar-07 Mar-08
Number of Sales 6 3
Median Selling Price 585,000 455,000
Average DOM 38 82
District 5 Mar-07 Mar-08
Number of Sales 29 21
Median Selling Price 845,000 856,000
Average DOM 38 43
District 6 Mar-07 Mar-08
Number of Sales 19 7
Median Selling Price 739,000 800,000
Average DOM 29 32
District 7 Mar-07 Mar-08
Number of Sales 27 18
Median Selling Price 1,000,000 1,262,500
Average DOM 38 29
District 8 Mar-07 Mar-08
Number of Sales 43 28
Median Selling Price 749,000 720,500
Average DOM 55 35
District 9 Mar-07 Mar-08
Number of Sales 52 36
Median Selling Price 679,000 772,000
Average DOM 60 55
District 10 Mar-07 Mar-08
Number of Sales 5 2
Median Selling Price 510,000 546,500
Average DOM 46 87

Data Provided by SFAR

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