Lisa Thompson

Week by Week Charts through August 15th, for the past 6 Months: SFD, Condo, TIC, 2-4 Unit Buildings Market trend charts that track by month and by quarter are more useful, but these weekly-bar charts are snapshots of most recent activity. Homes Accepting Offers: Relatively stable  Homes For Sale: Declining as summer proceeds. As [...]

Despite the constant news of dramatic changes in the real estate market – Values soar! Values crashing! Market up or down ___% from last month! Double dip recession! – the home market in San Francisco has exhibited a remarkable stability over the past year. As shown in the charts below, median prices for both houses and condos are virtually unchanged from one year ago; buyer demand remains steady; months’ supply of inventory remains steady; foreclosure sales are stable; low interest rates continue. Statistics jump around within a relatively narrow percentage band: there has certainly been no definitive trend up or down. It is neither a crazy buyers’ market nor a crazy sellers’ market: it’s a relatively healthy, balanced market, where the basic rules of realestate generally apply: well-priced, well-prepared, well-marketed homes typically sell quickly and homes without those characteristics don’t.

San Francisco Home Listings Accepting Offers by Week: climbing back to levels not seen since April, right before the Federal Tax Credit expired.  SF New Listings Coming on Market: declining as we head toward August, typically a month of fewer new listings (prior to another burst after Labor Day)  San Francisco Homes Actively [...]

These are for San Francisco SFDs, condos, TICs & 2-4 unit buildings, by week over the past 6 months, through July 18, 2010. Home Listings Accepting Offers: slightly declining, but not crashing (discounting the 4th of July week) New Listings Coming on Market: steady inflow of new inventory onto market Active Listings For Sale: slowly [...]

Very interesting!  Updated the charts on San Francisco Home Appreciation & Depreciation since 1995.

Median prices and average dollar per square foot figures are generalities, which may be affected by other market factors besides changes in value. All information contained herein is derived from sources deemed reliable, but may contain errors and omissions, and is not warranted. Sales not reported to MLS are not included in these analyses. Median [...]

Houses Accepting Offers (week by week chart): this market is holding up pretty well, climbing back to the average level of a strong spring season. (The last week of April was a blip caused by the expiring Federal tax credit.)  Condos Accepting Offers (week by week chart): condo market has weakened more than the [...]

Here are market activity charts that cover the last 6 months by WEEK, through June 13, 2010.

Homes Listings Accepting Offers: market has slowed down quite a bit from April (the double tax credit rush), and by a smaller degree from May. The first week of June was significantly impacted by the Memorial Day weekend..

San Francisco Real Estate: June 2010 Update

 

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SF Homes Accepting Offers
The market cooled in May after the frantic rush to get offers accepted before April 30th so as to qualify for both the expiring Federal tax credit & the new California tax credit. That rush inflated April’s results and deflated May’s, but May 2010 was still 9% above May 2009. Last year, the market did not slow appreciably — as is typical — during the summer months. We’ll see what happens in the summer of 2010.

 

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Inventory Absorption
This chart reflects a market that is cooling a little from the frenzy of April: both accepted offers and new listings are down a little; and residual inventory is up a little (but still lower than most of the past year). Residual inventory reflects listings that were active (available) on the last day of the month, but listed prior to the first day of the same month, i.e. listings from prior months that have not yet accepted offers.

These charts are by week by week through May 16 over the past 6 months.

All units (SFD, Condo, TIC, 2-4) going Under Contract. Unsurprisingly, there was a peak in the last week of April as people rushed to qualify for the Federal Tax Credit.

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All Units for Sale: Inventory continues to creep up little by little.

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