San Francisco Real Estate Sales Trends & Prices Report

From RE Reports:

San Francisco Property Sales & Prices Up in April

Sales of single-family, re-sale homes and condos continued rising last month as we enter the Spring selling season. Home sales were up 11.1% from March, off 22.7% year-over-year. Year-to-date, home sales are off 21%.

Condo sales were up 22.3% month-over-month, but off 31.8% compared to April 2008. Year-to-date, condo sales are off 37.6%.

Prices continued the roller coaster ride they’ve been on for the past few months. After rising 17.3% in February from the month before, the median price dropped 3.2% in March, then rose 2.9% in April, a drop of 23.9% year-over-year. This is the twelfth month in a row the median price has been lower than the year before. The average price also rose, gaining 8.1% month-over-month, but down 19.8% compared to last April .

The median price for loft/condos in San Francisco was flat from March, and was down 14% year-over-year. The average price for condos rose 10.3% from March. The average price was off 15.5% year-over-year.

Market Snapshot
Detailed Market Report (pdf)

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