The past month’s sales figures are an excellent indicator of how the market is doing for single-family homes. Here are a few quick updates:
Total Houses Sold: 59
Number Sold Under Asking Price: 36
Number Sold At Asking: 4
Number Sold Above Asking: 19
Average Sale Price: $747,231
Though sales were scattered across many neighborhoods, a bulk were centered on the Bayview/Excelsior/Visitacion Valley/Portola/Silver Terrace areas, which had an average sales price of $488,270.
Only nine single-family homes sold for above $1M. I’m thinking there are quite a lot of first-time buyers out there using the market to their advantage.