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July 22, 2009

2nd Quarter Averages Hold Up

It’s always helpful to check in on quarterly price averages and market activity in San Francisco.

First off, prices are down. However, properties are selling fairly briskly, and the single-family homes, condos and TICs located in desirable, centrally located areas are not exactly being given away.

Here are the basics:
Single-Family Homes
# Sold: 541
Avge Price: $1,022,238*
Avge Price Per Sq Ft: $529
*There are at least 23 homes which sold between $2M-$6M in which confidential sales were requested. So the average would be altered if those sales details were reported.

Most Expensive House Sold:
2712 Broadway
7BR, 7,000-square foot home listed at $7,750,000.

Least Expensive House Sold:
1348 Palou
3BR house in Bayview, sold for $220,000 in a short sale.

# Sold: 386
Avge Price: $787,326
Avge Price Per Sq Ft: $610

Most Expensive Condo Sold:
1009 Francisco
4BR condo sold for $5.5M.

Least Expensive Condo Sold:
195 7th #410
A 341-square foot unit sold for $232,000 in SoMa.

# Sold: 102
Avge Price: $600,837
Avge Price Per Sq Ft: $571

Most Expensive TIC Sold:
1549 Francisco
2BR condo sold for $1.4M.

Least Expensive TIC Sold:
2725 Harrison
1BR unit sold for $230,000.

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