Posts Tagged ‘Charts and Graphs’
SF Properties are selling
SFH prices down 4.5% from last year
Neighborhood Focus: Noe Valley – Median Price of 3bd Single Family Homes Up, When Compared to 2005-06
The median price for both 2- and 3-bedroom homes in Noe Valley has trended up since 2000, and peaked in 2007. Interestingly, the number of units sold peaked almost three years earlier for 3-bedroom homes, and two years earlier for 2-bedroom homes. The homes that were selling during this period (2004-07) were at the higher end of the market, drawing the median price up on fewer sales. Although the median price is now down when compared to 2008, the median price is up slightly, when comparing year-to-date sales to the same period last year.
Neighborhood Focus – Noe Valley: # of Units Sold in Q3 Down 19% from Same Period Last Year
# of Units Sold
In 2006, the number of units sold in Noe Valley rose quickly to a peak of 93 units sold in Q3, and then fell quickly throughout 2007 to reach a bottom of 36 units sold in Q1 of 2008. The number of units sold rose again in Q2 and Q3 of 2008 (as sales traditionally do during these months) and then fell quickly in Q4, to almost the same bottom that was reached in Q1. 2009 followed an almost identical pattern as in 2008, and so far this year, we have also followed a similar pattern. If the trend continues, the number of units sold in Q4 will be lower than Q3 (54 units sold), and slightly higher than the number of units sold in Q1 (44 units sold).
| Yearly Totals: 2006: # of Units Sold: 297 2006: Avg DOM: 32.1 2007: # of Units Sold: 246 2008: # of Units Sold: 199 2009: # of Units Sold: 211 2010: # of Units Sold: 168 |
Averages by Year: 2006: Avg List Price: $971,023 2006: Avg Sales Price: $1,019,000 2007: Avg List Price: $1,011,875 2008: Avg List Price: $1,167,958 2009: Avg List Price: $907,500 2010: Avg List Price: $952,300 |
Top 10 most expensive real estate markets in the US: Bay Area on the list, again and again
If all we listened to were Meg Whitman, Jerry Brown, and Governor Schwarzenegger, we might forget that actually, California is still a very rich state. In fact, according to a 2010 Coldwell Banker 2010 survey, this state commands five of the top ten priciest real estate markets in the nation– and the Bay Area takes second and fourth place.
The survey data for “The Home Listing Report” (HLR) provide the average home listing price for four-bedroom, two-bathroom properties on coldwellbanker.com listed between February and August 2010 from nearly 300 U.S. markets. Markets in the HLR had to have at least six properties fitting the above description listed within the relevant time frame.
The HLR found The U.S. average for the surveyed listings was $353,032. But we all know about averages: the average number of legs of a man and a horse is three, yet neither creature has three legs. The same misrepresentation applies in the case of the American average listing, because Coldwell Banker found a $1.7 million difference between the nation’s most expensive and most affordable housing markets. As illustration: Newport Beach, CA, led the list with an average home listing price of $1,826,348. Meanwhile, our most affordable market was Detroit, Mich., with an average listing price of $68,007….Read More (via SF Gate)
New Online Help From Fannie Mae
By BOB TEDESCHI
SINCE foreclosures started to rise sharply in 2007, struggling borrowers have been offered a lot of help online. Some is well-meaning, but some is simply a scam in the form of expensive “debt relief” services that may be offered free elsewhere.
This month Fannie Mae, the government-sponsored entity that helps set lending standards for most mortgages, started a Web site,KnowYourOptions.com, that has elements setting it apart from most of those aiming to prevent foreclosure. Everything on the site is available in Spanish or English, for example, which helps to reach the large number of Hispanic borrowers who mortgage executives and analysts said were the targets of subprime lenders in 2005 and 2006.
In some areas of the site, a guide offers videotaped explanations of what users might accomplish in that section. For instance, in a section titled “Take Action,” the spokeswoman advises among other things that “you can’t get help until you contact your mortgage company,” while explaining how to get started.
To encourage borrowers to take that step, the site includes video testimonials from people who have experienced similar issues. A section on forbearance, for instance, features a video from an owner who qualified for such help, and one from a housing counselor about the process…Read more.
Market Charts: Median Sales Price for Houses in SF
Median Sales Price for SF Houses: for the week ending August 15th, the median sales price was almost exactly the average median over the past 6 months.
Market Charts: Percent of Listings Accepting Offers
This is a weekly chart, so there will be more fluctuations. Nonetheless, homes Accepting Offers has been relatively stable over the last 6 months.
Market Charts: Past 3 weeks, more listings expiring or being withdrawn than closing escrow
Sold Listings vs. Expired/Withdrawn Listings:
