market update Current prices for properties on the market Trends in pricing Current levels of supply and demand Report for the week ending Sunday June 28, 2009 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 $895000. There are 653 homes for sale in the city and they've been on the market for an average of 104 days. Median List Price $895,000 $649,000 Average List Price $1,447,054 $820,627 Least Expensive Listing $242,550 $65,000 Most Expensive Listing $15,750,000 $12,500,000 Price per Square Foot $521 $625 Average Days on Market 104 116 The median condominium price this week is $649000. There are 1310 condos for sale, on the market for an average of 116 days. Total Inventory 653 1310 Sold This Week 53 77 Median Sq ft 1,750 1,102 Bedrooms 3 2 Bathrooms 2 1 Median Age 81 48 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- 1 $2,350,000 3,332 4.0 3.5 95 163 8 12 69 Most expensive 25% of homes 2 $1,130,000 2,030 3.0 2.5 81 163 9 15 69 Upper-middle 25% of homes 3 $799,000 1,525 3.0 2.0 69 163 21 14 48 Lower-middle 25% of homes 4 $550,000 1,250 3.0 2.0 70 164 23 12 62 Least expensive 25% of homes Condominium - Quartiles Quartile Median Price Med. Sqft Beds Baths Med. Age Inven. Newly Listed Sold Days on Mkt- 1 $1,199,000 1,685 3.0 2.0 68 327 14 19 69 Most expensive 25% condos 2 $749,000 1,212 2.0 2.0 48 327 18 23 69 Upper-middle 25% condos 3 $575,000 930 2.0 1.0 50 328 22 18 69 Lower-middle 25% condos 4 $399,000 733 1.0 1.0 45 328 17 17 97 Least expensive 25% condos PRICE The median single family home price in SAN FRANCISCO this week is $942130. The median price of all condos in the city this week is $651719. 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 $532. For condos the median price per square foot is $621. 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 653 single family homes available this week. And 1310 condominiums on the market in SAN FRANCISCO. DAYS ON MARKET The single family homes have been on the market for an average of 104 days. Half of the listings have been on the market less than 9 weeks. The currently available condos have been on the market for an average of 116 days. Half of the condo listings have been on the market less than 11 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 Report data sourced on: June 26, 2009 For more information www.altosresearch.com