market update



Current prices for properties on the market

Trends in pricing

Current levels of supply and demand

Report for the week ending

Sunday October 9, 2011

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 $699000. There are 743 homes for sale in the city and they've been on the market for an average of 84 days.

Median List Price

$699,000

$625,000

Average List Price

null

null

Least Expensive Listing

null

null

Most Expensive Listing

null

null

Price per Square Foot

$468

$583

Average Days on Market

84

104

The median condominium price this week is $625000. There are 1032 condos for sale, on the market for an average of 104 days.

Total Inventory

743

1032

Sold This Week

76

87

Median Sq ft

1,542

1,152

Bedrooms

3

2

Bathrooms

2

1

Median Age

79

30

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

$1,799,000

2,919

4.0

3.0

92

185

29

21

34

Most expensive 25% of homes

2

$828,000

1,656

3.0

2.0

76

186

31

22

34

Upper-middle 25% of homes

3

$599,000

1,335

3.0

1.5

72

186

22

13

44

Lower-middle 25% of homes

4

$400,000

1,175

3.0

1.0

71

186

11

20

69

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

$1,150,000

1,747

2.0

2.0

46

258

35

25

55

Most expensive 25% condos

2

$739,000

1,238

2.0

2.0

61

258

40

28

44

Upper-middle 25% condos

3

$532,500

952

1.0

1.0

30

258

32

22

55

Lower-middle 25% condos

4

$324,500

744

1.0

1.0

14

258

12

12

118

Least expensive 25% condos

PRICE

The median single family home price in SAN FRANCISCO this week is $680540. The median price of all condos in the city this week is $602692.

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 $448. For condos the median price per square foot is $570.

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 743 single family homes available this week. And 1032 condominiums on the market in SAN FRANCISCO.

DAYS ON MARKET

The single family homes have been on the market for an average of 84 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 104 days. Half of the condo listings have been on the market less than 9 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 2006-2010 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:

October 07, 2011

For more information visit

www.altosresearch.com