San Francisco, California Real Estate - Single Family Home Market Statistics - July 2008
August 1st, 2008 categories: San Francisco Market Watch
For the month of July 2008, 211 single family homes were sold in the city and county of San Francisco. The following are the statistics for the month of July:
| Beds |
Baths |
Square Feet |
List Price |
Selling Price |
Days on Market |
|
| Minimum |
0 |
1 |
0 |
$214,900 |
$190,000 |
0 |
| Average |
3 |
1.92 |
1,699 |
$1,143,649 |
$1,162,064 |
48 |
| Median |
3 |
2 |
1,290 |
$849,000 |
$868,000 |
30 |
| Maximum |
8 |
6.5 |
5,732 |
$7,700,000 |
$7,700,000 |
424 |
The following is the average DOM (Days on Market) breakdown and average % of list price received on Solds by market time:
| 0-30 Days |
31-60 Days |
61-90 Days |
91-120 Days |
120+ Days |
|
| Number of Listings |
107 |
54 |
26 |
10 |
14 |
| Breakdown % |
50.71 |
25.59 |
12.32 |
4.74 |
6.64 |
| Average Sales Price % of List Price |
104.14 |
99.16 |
97.96 |
98.35 |
101.08 |
Once again, it is apparent that it is crucial to not overprice a property when putting it on the market. Properties, on average, that sold within 30 days of going on the market, commanded 4.14% over their asking price. These statistics are based on data retrieved directly from the San Francisco Multiple Listing Service.
If live in San Francisco, or are planning to purchase in San Francisco, and would like to know how these figures apply to you, contact me today.
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