market update Current prices for properties on the market Trends in pricing Current levels of supply and demand Report for the week ending Sunday February 7, 2010 OCEANVIEW / OUTER MISSION / WESTWOOD PARK / INGLESIDE / MISSION Full Details for Zip Code 94112 Neighborhood Detail Real-Time Market Profile THIS WEEK Single Family The median single family home price in the neighborhood this week is $535000. There are 77 homes for sale and they've been on the market for an average of 80 days. Median List Price $535,000 Average List Price $553,789 Least Expensive Listing $302,000 Most Expensive Listing $1,387,000 Price per Square Foot $446 Average Days on Market 80 Total Inventory 77 Sold This Week 8 Median Sq ft 1,150 Bedrooms 2 Bathrooms 1 Median Age 85 Real-Time Market Profile THIS WEEK Condos The median condominium price this week is $319000. There are 5 condos for sale, on the market for an average of 109 days. Median List Price $319,000 Average List Price $352,200 Least Expensive Listing $275,000 Most Expensive Listing $529,000 Price per Square Foot $340 Average Days on Market 109 Total Inventory 5 Sold This Week 4 Median Sq ft 999 Bedrooms 2 Bathrooms 2 Median Age 9 QUARTILES To get a tightly targeted understanding of homes in the market, we break each locale into quartiles, where each quartile is 25% of the homes listed. Single Family Homes - Quartiles Quartile Median Price Med. Sqft Beds Baths Med. Age Inven. Newly Listed Sold Days on Mkt-Approx 1 $675,000 1,650 3.0 2.0 76 19 1 2 55 Most expensive 25% of homes 2 $577,000 1,250 2.0 1.0 80 19 2 0 27 Upper-middle 25% of homes 3 $499,000 1,050 2.0 1.0 86 19 1 2 62 Lower-middle 25% of homes 4 $398,250 882 2.0 1.0 98 20 6 4 72 Least expensive 25% of homes Condominiums - Quartiles Quartile Median Price Med. Sqft Beds Baths Med. Age Inven. Newly Listed Sold Days on Mkt-Approx 1 $529,000 1,318 3.0 2.0 1 1 0 2 307 Most expensive 25% condos 2 $339,000 995 2.0 2.0 12 1 0 0 48 Upper-middle 25% condos 3 $319,000 1,021 2.0 2.0 8 1 0 2 13 Lower-middle 25% condos 4 $287,000 791 2.0 1.5 18 2 0 0 104 Least expensive 25% condos PRICE The median single family home price in 94112 this week is $535000. The median price of all condos on the market is $319000. INVENTORY There are 77 single family homes available in the neighborhood this week and 5 condominiums on the market. DAYS ON MARKET The single family homes have been on the market for an average of 80 days. Half of the listings have been on the market less than 7 weeks. The currently available condos have been on the market for an average of 109 days. Half of the condo listings have been on the market less than 6 weeks. CITY OVERVIEW - SAN FRANCISCO Real-Time Market Profile THIS WEEK Single Family Condos The median single family home price in SAN FRANCISCO this week is $779000. There are 457 homes for sale in the city and they've been on the market for an average of 143 days. Median List Price $779,000 $619,700 Average List Price $1,203,990 $800,063 Least Expensive Listing $169,000 $98,000 Most Expensive Listing $14,000,000 $8,500,000 Price per Square Foot $500 $603 Average Days on Market 143 161 The median condominium price this week is $619700. There are 786 condos for sale, on the market for an average of 161 days. Total Inventory 457 786 Sold This Week 40 55 Median Sq ft 1,603 1,063 Bedrooms 3 2 Bathrooms 2 1 Median Age 82 24 QUARTILES To get a tightly targeted understanding of homes in the market, we break each locale into quartiles—where each quartile is 25% of the homes listed. Single Family Homes - Quartiles Quartile Median Price Med. Sqft Beds Baths Med. Age Inven. Newly Listed Sold Days on Mkt-Approx 1 $1,911,500 3,154 4.0 3.5 88 114 16 4 128 Most expensive 25% of homes 2 $910,000 1,834 3.0 2.0 73 114 13 13 90 Upper-middle 25% of homes 3 $669,500 1,300 2.0 1.1 72 114 16 12 62 Lower-middle 25% of homes 4 $435,600 1,070 2.0 1.0 84 115 14 11 90 Least expensive 25% of homes Condominium - Quartiles Quartile Median Price Med. Sqft Beds Baths Med. Age Inven. Newly Listed Sold Days on Mkt-Approx 1 $1,138,750 1,624 2.0 2.0 16 196 24 16 111 Most expensive 25% condos 2 $699,000 1,146 2.0 1.8 27 196 18 16 90 Upper-middle 25% condos 3 $549,000 966 1.0 1.0 19 197 25 15 104 Lower-middle 25% condos 4 $380,000 715 1.0 1.0 28 197 16 8 125 Least expensive 25% condos PRICE The median single family home price in SAN FRANCISCO this week is $815230. The median price of all condos in the city this week is $616384. PRICE AND VALUE Price per square foot is a measure of the value placed on properties. Watch for changes in the long term trends of price per square foot as signals of changes in the market. The median price per square foot for single family homes this week is $486. For condos the median price per square foot is $595. INVENTORY Notice that all markets have seasonal fluctuations in inventory (fewer homes are for sale in winter, for example) so a change in inventory alone does not signal strength or weakness. There are 457 single family homes available this week. And 786 condominiums on the market in SAN FRANCISCO. DAYS ON MARKET The single family homes have been on the market for an average of 143 days. Half of the listings have been on the market less than 13 weeks. The currently available condos have been on the market for an average of 161 days. Half of the condo listings have been on the market less than 15 weeks. DAYS ON MARKET Look for different trends for Days on Market at the different price points of the market Quartiles. About This Report Report contents Copyright 2006-2009 Altos Research Corp. all rights reserved. All information contained herein is based on properties currently listed for sale on the Multiple Listing Service. The data presented in this report is accurate to the best of our knowledge, but cannot be guaranteed as such. Use this report as one input in the real estate decision making process, but do not rely on it for accuracy. This report is for information purposes only and is not a recommendation to buy or sell property. We recommend you work with a licensed real estate agent. Report data sourced on: February 05, 2010 For more information visit www.altosresearch.com