Call Us: 415 931 8259 |
Salma & company blog

San Francisco Real Estate: August 2013 Market Snapshot

red hotIt’s red hot, red hot!  Are you wondering what we are talking about?  The San Francisco real estate market of course!  Despite mortgage rates on the rise, all 10 of SF’s neighborhood districts are still sizzling with strong buyer demand and lower than normal inventory levels.  How sizzling, you may ask? The best way to explain current market conditions is with hard data, followed up with year over year comparisons for the same month, i.e. August 2013 vs. August 2012.

Let’s get the ball rolling:

Single-Family Home Data:

 $1,320,335: The average sales price for all single-family homes that closed escrow for the month of August 2013.

Data from August 2012: The average sales price for all single-family homes was $989,681.

77.9: The percentage of all single-family homes that closed escrow above the list price for the month of August 2013.

Data from August 2012: 66.0% of all single-family homes closed escrow above the list price. 

246: The number of new listings for all single-family homes that hit the market for the month of August 2013.

 Data from August 2012: 254 single-family homes came on the market.

 217: The number of all single-family homes that closed escrow for the month of August 2013.

Data from August 2012: 241 single-family homes closed escrow.

37: The number of days it took on average for all single-family homes to close escrow for the month of August 2013.

Data from August 2012:  Single-family homes closed escrow on average within 49 days.

Condo/TIC/Coop:

$935,911: The average sales price for all Condos/TICs/Coops that closed escrow for the month of August 2013.

Data from August 2012: The average sales price for all Condos/TICs/Coops was $805,615.

66.0:The percentage of all Condos/TICs/Coops that closed escrow above the list price for the month of August 2013.

Data from August 2012: 45.5% of all Condos/TICs/Coops that closed escrow above the list price.

287: The number of Condos/TICS/Coops that hit the market for the month of August 2013.

Data from August 2012:  313 Condos/TICs/Coops came on the market.

288: The number of all Condos/TICs/Coops that closed escrow for the month of August 2013.

Data from August 2012: 323 Condos/TICs/Coops closed escrow.

37The number of days it took on average for all Condos/TICs/Coops to close escrow for the month of August 2013.

Data from August 2012: Condos/TICs/Coops closed escrow on average within 54 days.

Feel free to contact us directly at info@salma-co.com if you would like more information.

Data Source: San Francisco Association of Realtors

SHARE THIS