April San Francisco Real Estate Market Update for March 2007
Because the last day for recording sales was yesterday, we are publishing the numbers early. And we think you will be impressed with what you see.Indications are that we are poised for a great spring market. Low inventory and high demand create the environment for multiple and preemptive offers where properties are sold for well over the asking price. This could be a great time to sell!
The number of Single Family Homes sold for March increased significantly from February in San Francisco Real Estate. The average listing and selling prices were both much higher than the previous month and much higher than a year ago. The average selling price was over 103% of the average listing price. The average days on the market dropped to 41, lower than the previous month.
The number of Condominiums sold in March also increased dramatically from February in the San Francisco Real Estate Market. The average selling price was over 100% of the average listing price. The average selling price was higher than last month but slightly lower than a year ago. The average days on the market dropped to 51, lower than the previous month.
The number of homes sold in the Overall Sales category for March in San Francisco Real Estate increased from February but was lower than a year ago. The average selling price was over 102% of the average listing price, and higher compared to last month as well as a year ago. The average days on the market dropped to 49, lower than the previous month.
See the March 2007 statistics here.
- Janis Stone
posted by SFResidence.com @ 8:28 AM
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