Real Data SF

Here’s the latest sales data broken down by MLS District.  Full reports are available here under the Market Trends Tab and are well worth a look.

Median and Average prices are down substantially year over year for single family homes in all districts except District 7 (“North”, which includes top-shelf enclaves like Pacific Heights and the [...]

[Read more →]

It’s hard to find much cause for hope these days.  The headlines tell us every day about tectonic shifts in our economic landscape.  We read about layoffs spiraling into the millions, major institutions crumbling, government bail-outs of unprecedented proportion.  Just one example of the doom and gloom:  David Brooks on today’s NY Times Op Ed [...]

[Read more →]

A couple of posts ago, we dispensed with Absorption Rate as a good barometer of the market since there appeared to be no correlation between how much inventory was available in relation to sales rates and where median prices were going.  I asked whether there might be a different metric that would correlate better, like [...]

[Read more →]

4317 24th Street @ Douglass originally listed back in October for a cool $995,000.  It’s advertised as a  4 BR/2.5 BA.  (Ahem.  This is a fixer folks.)
Interesting to note that 4209 24th Street, just a block away and very much a fixer along the same lines,  sold in December 08 for $896,000.  That was $11,000 [...]

[Read more →]

Out on brokers’ tour yesterday, I looked in on two homes  available in my Noe Valley neighborhood, priced within $2,000 of each other.  731 Douglass (at 24th Street) sold in March 2005 for $1.944 million and a mere $29o,000 in March 1997, when it was a sad-looking 1200 ft marina-style house, with a 6-car garage.  [...]

[Read more →]

After talking to people about my last post on Absorption Rates and the lack of a correlation between slower absorption and lower median prices (or faster absorption and higher prices), I got the impression that there was some curiosity — skepticism?  — about the underlying numbers.  So I thought a post mortem of sorts was [...]

[Read more →]