September San Francisco Real Estate Market Update for August 2007
The current monthly report may be seen at SFResidence.com.The number of Single Family Homes sold for August dropped again from July in San Francisco Real Estate. The average listing price was over 13% lower than the previous month but over 7.8% higher than a year ago. The number that counts is the The average selling price was almost 107% of the average listing price. The average days on the market decreased slightly to 35.
The number of Condominiums sold in August decreased again from July in the San Francisco Real Estate Market, however, the average selling price was over 102% of the average listing price. The average listing and selling price were both higher than last month, and much higher than a year ago. The average days on the market increased slightly to 44.
The number of homes sold in the Overall Sales category for August in San Francisco Real Estate dropped again from July and was lower than a year ago. Even so, the average selling price was over 104% of the average listing price. But compared to a year ago, the average sales price was higher. The average days on the market decreased slightly to 41.
If you are thinking about selling, Fall is the perfect time to put your home on the market!
* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.
See the August 2007 statistics here.
- Janis Stone
posted by SFResidence.com @ 8:06 AM
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