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Condominium sales were down down dramatically, year over year (March 2008 vs. March 2007).
The most expensive condominium to close escrow in March 2008 was the "rarely available TOP TOP FLOOR Four Seasons penthouse apartment" at 765 Market Street, #G. Aside from the amazing views from the 41st floor, it also boasts:
"2 master suites, maid's quarters with separate service entrance, 10'+ ceiling heights, formal dining/office/library, upgraded gourmet kitchen, Brazilian Cherry hardwood floors." - San Francisco MLS
It was listed for $8,975,000 and closed for a price which has been withheld. Regardless, no other condominium closed above $2.7m.
A 390 sqft studio on Nob Hill, listed at $325,000, sold for $330,000 for this weeks bargain condominium.
In District 5, a district which includes Noe Valley, Eureka Valley/Dolores Heights, Haight Ashbury, etc., sales were down from 29 to 21 in March 2008 while prices rose from $845,000 in March 2007 to $856,000 March 2008.
In District 9 (SOMA, South Beach, Potrero Hill, Mission Bay, Inner Mission, etc) sales plummeted from 52 in March 07 to 36 in March 08, but prices rose nicely from $679,000 to $772,000 in March 08.
Click on the image to the left for a PDF of the entire report.
Contact Scott Pierce for more information at 415-595-3519 or scott@sfcondomap.com
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For more information on San Francisco condominium sales and closings, including list price, detailed property information, MLS listing information or anything else, email us here and send us the property name and unit number.
Of the 8 sales listed, only the 3 Jackson Square listings were on the MLS. Which would make the MLS reported sales statistics much lower than they really are.
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235 Berry
#603 sold for $675,000
#614 sold for $735,000
#705 sold for $870,000
#711 sold for $857,000
Park Terrace
#310 sold for $960,000
Jackson Square
#G sold for $1,200,000
#H sold for $1,595,000
#PH-3 sold for $2,700,000
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Jackson Square
Park Terrace
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For more information, including list price, detailed property information, MLS listing information or anything else, email us here and send us the property name and unit number.
Of the 10 listed sales, only 3 of them were in the MLS.
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1 South Park
#408 sold for $1,850,000
310 Townsend
#110 sold for $920,000
#312 sold for $764,000
733 Front
#209 sold for $720,000
#306 sold for $567,000
Park Terrace
#410 sold for $960,000
The Palms
#525 sold for $579,000
The Potrero
#528 sold for $837,500
Symphony Towers
#V401 sold for $380,000
#V402 sold for $384,000
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Interior at 1 South Park
The brick facade at 310 Townsend
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.jpg)
For all reports:
http://stats.sfcondomap.com
(Report includes map of
all district and sub-district
names and locations.)
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Click on the image to the left for the report (pdf).
While many other real estate sites and news shows talk about how bad the real estate market is, January 2008 stats (published and released by the San Francisco Association of Realtors) show continued strength for San Francisco single-family home sales.
While four out of ten districts (4, 8, 9 & 10) had sales decreases in the number of transactions, only two districts had price decreases, Districts 9 and 10.
District 5 had 13 transactions in January 2007 at a median sales price of $1,180,000, while in January 2008 there were 17 transactions at a median selling price of $1,530,000. And Days on Market fell from 66 to 48 in the same time period.
Districts 1, 2 & 4 also saw median price increases of over $200,000 year over year as well.
Local buyers, relocation buyers and international buyers are all participating strongly in the San Francisco real estate market with most of the better properties selling faster than almost anytime in the last year.
If you are looking to buy or sell property in San Francisco, please contact me for a comparative market analysis and to review our sales & marketing plan for your property or to talk about buying a place.
Scott Pierce
local: 415-595-3519
toll free: 800-788-8508
SFCondoMap: Where people find properties
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