San Francisco, California Real Estate - Condominium Market Statistics - July 2008
August 4th, 2008 categories: San Francisco Market Watch
Condominiums in San Francisco are a whole different animal than single-family homes for a variety of reasons. There are also several different types of condos in this unique city. The following are the statistics for sales of condominiums in the month of July in San Francisco. If you are looking to buy or sell a condo in San Francisco, please contact me for a more specific analysis. Remember, prices vary depending on factors such as: area, new or old construction?, potential for condo conversion, etc. These statistics show how the condominium market, as a whole, fared in the month of July.
| Beds |
Baths |
Square Feet |
List Price |
Selling Price |
DOM |
|
| Minimum |
0 |
1 |
491 |
$249,000 |
$210,000 |
0 |
| Average |
2 |
1.69 |
1,280 |
$888,763 |
$891,815 |
55 |
| Median |
2 |
2 |
1,142 |
$795,800 |
$795,000 |
40 |
| Maximum |
4 |
3.5 |
3,200 |
$3.495M |
$5M |
226 |
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 |
36.07 |
32.42 |
14.16 |
6.85 |
10.50 |
| Breakdown % |
36.07 |
32.42 |
14.16 |
6.85 |
10.50 |
| Average Sales Price % List Price |
102.20 |
100.75 |
98.38 |
96.79 |
97.64 |
Hence, the longer your property stays on the market, the lower the percentage of your list price that you receive will be. Also, remember that you are incurring costs while your property sits on the market.
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