Both single-family, re-sales homes and condo/loft sales were strong in 2011. Home sales increased for the third year in a row and were up 46.4% over 2010. Condo/loft sales rose for the second year in a row, gaining 19.2% over 2010.
Home prices turned around last year after eking out a small gain in 2010. The median price for homes dropped 14.9% while the average price was off 18.2%. The median price for condos/lofts was down for the third year in a row: 4.5%. The average price dropped 13%.
Click on Annual Trends in the menu to the left for full details plus the California Association of REALTORS® forecast for 2012.
| Trends at a Glance | |||
| (Single-family Homes) | |||
| Dec 11 | Nov 11 | Dec 10 | |
| Home Sales: | 293 | 225 | 216 |
| Median Price: | $599,000 | $698,000 | $724,000 |
| Average Price: | $788,704 | $1,119,288 | $1,028,094 |
| Sale/List Price Ratio: | 98.9% | 98.3% | 98.9% |
| Days on Market: | 68 | 57 | 66 |
| (Lofts/Townhomes/TIC) | |||
| Dec 11 | Nov 11 | Dec 10 | |
| Condo Sales: | 212 | 201 | 197 |
| Median Price: | $602,684 | $633,000 | $630,000 |
| Average Price: | $769,733 | $790,330 | $724,941 |
| Sale/List Price Ratio: | 94.6% | 97.5% | 97.3% |
| Days on Market: | 86 | 83 | 95 |
The median price for homes fell 14.2% month-over-month. Year-over-year, the median price was off 17.3%.
Condo/loft sales were up 7.6% year-over-year.
The median price for condos/lofts fell 2.6% from November, and was off 4.3% compared to last December.
Home sales momentum rose two points to +7. Condo/loft momentum gained two points to +4.
momentum by using a 12-month moving average to eliminate seasonality. By comparing this year’s 12-month moving average to last year’s, we get a percentage showing market momentum.
the green shows momentum for home sales while the purple line shows momentum for the median price for single-family, re-sale homes.
after peaking in September 2010, dropped one point to -8. Pricing momentum for condos/lofts was flat at -3.
The graph below shows the sales price to list price ratio as reported at sale compared to the sales price to original list price ratio.
The following chart shows the median price difference compared to the year before.
The graph below shows the sales price to list price ratio as reported at sale compared to the sales price to original list price ratio.
The following chart shows the median price difference compared to the year before.
The real estate market is very hard to generalize. It is a market made up of many micro markets, especially in San Francisco. For complete information on a particular neighborhood or property, or for an evaluation of your home's worth, call me.
If I can help you devise a strategy, call or click the buying or selling link in the menu to the left.
Complete monthly sales statistics for San Francisco are below. Monthly graphs are available for each district in the city by clicking the links to the left.
| December Sales Statistics | |||||||||||
| (Single-family Homes) | |||||||||||
| Prices | Unit | Change from last year | Change from last month | ||||||||
| Median | Average | Sales | DOM | SP/LP | Median | Average | Sales | Median | Average | Sales | |
| San Francisco | $599,000 | $788,704 | 293 | 68 | 98.9% | -17.3% | -23.3% | 35.6% | -14.2% | -29.5% | 30.2% |
| D1: Northwest | $850,000 | $1,122,094 | 17 | 70 | 96.2% | -11.9% | -15.3% | 6.3% | -0.6% | 0.7% | 21.4% |
| D2: Central West | $608,000 | $651,583 | 31 | 52 | 101.4% | -8.0% | -7.4% | -3.1% | -6.5% | -11.7% | -18.4% |
| D3: Southwest | $501,000 | $539,046 | 22 | 57 | 100.4% | 8.7% | 0.8% | 120.0% | -4.1% | -2.2% | 37.5% |
| D4: Twin Peaks | $783,000 | $857,300 | 34 | 73 | 99.0% | -13.0% | -13.6% | 25.9% | -0.9% | -4.7% | 47.8% |
| D5: Central | $1,348,500 | $1,356,800 | 20 | 57 | 101.2% | -7.6% | -7.8% | -42.9% | -5.7% | -0.5% | -51.2% |
| D6: Central North | $1,285,000 | $1,584,000 | 3 | 49 | 99.2% | 16.8% | 34.6% | -40.0% | -36.8% | -22.1% | 50.0% |
| D7: North | $2,875,000 | $2,860,000 | 9 | 53 | 96.2% | -12.2% | -23.0% | -25.0% | -15.0% | -46.7% | -35.7% |
| D8: Northeast | $2,950,000 | $2,950,000 | 1 | 221 | 93.7% | 196.5% | 196.5% | 0.0% | 16.8% | 16.8% | -50.0% |
| D9: Central East | $723,500 | $802,062 | 16 | 45 | 107.5% | -0.2% | 10.3% | -30.4% | 13.9% | 15.5% | -15.8% |
| D10: Southeast | $465,000 | $438,052 | 64 | 69 | 100.8% | -6.9% | -9.2% | 18.5% | 5.7% | -2.3% | 18.5% |
| December Sales Statistics | |||||||||||
| (Condos/TICs/Co-ops/Lofts) | |||||||||||
| Prices | Unit | Change from last year | Change from last month | ||||||||
| Median | Average | Sales | DOM | SP/LP | Median | Average | Sales | Median | Average | Sales | |
| San Francisco | $602,684 | $769,733 | 212 | 86 | 94.6% | -4.3% | 6.2% | 7.6% | -4.8% | -2.6% | 5.5% |
| D1: Northwest | $665,000 | $707,418 | 16 | 69 | 96.4% | -13.6% | -0.8% | 166.7% | -0.4% | 10.9% | 23.1% |
| D2: Central West | $325,950 | $325,950 | 2 | 48 | 90.0% | -35.9% | -28.7% | -66.7% | -13.1% | -13.1% | 100.0% |
| D3: Southwest | $448,150 | $448,150 | 2 | 63 | 95.8% | 34.8% | 34.8% | 0.0% | 85.7% | 58.7% | -33.3% |
| D4: Twin Peaks | $338,500 | $338,500 | 2 | 45 | 99.9% | -18.4% | -26.6% | -75.0% | -16.8% | -16.8% | 0.0% |
| D5: Central | $775,000 | $790,689 | 27 | 81 | 99.5% | 5.4% | -3.8% | -22.9% | 0.0% | 1.1% | -37.2% |
| D6: Central North | $602,000 | $618,000 | 23 | 76 | 100.7% | -2.9% | -7.2% | 155.6% | -10.8% | -13.6% | 53.3% |
| D7: North | $845,000 | $959,896 | 18 | 104 | 97.9% | -15.5% | -12.1% | -5.3% | -9.6% | -22.5% | -14.3% |
| D8: Northeast | $654,500 | $733,778 | 34 | 99 | 96.1% | 2.3% | -3.9% | -10.5% | 16.9% | -16.3% | -15.0% |
| D9: Central East | $610,000 | $1,119,887 | 57 | 85 | 89.9% | 13.2% | 69.7% | -9.5% | 9.9% | 63.8% | -9.5% |
| D10: Southeast | $265,000 | $261,560 | 5 | 140 | 89.8% | -41.4% | -39.9% | 25.0% | n/a | n/a | n/a |
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