The Real Estate Trading Game » Charts and Graphs

Will your condo sell?

Katy Dinner — Fri, 18 Mar 2011 19:21:39 +0000

Percentage of Total Sales

In the past 12 months, more Condo sales occured in San Francisico, than any other property type. There were a total 1,971 (43.7%) Condo sales, which is an average of 164.25 sales per month. The next most common type of property sold in San Francisco was Single Family Homes (SFR) at 1,771 (39.2%), followed by 2-4 unit buildings and TIC’s, at 8.5%, and 5.8%, respecitively. Although there were more Condo sales in the last 12 months, this is a reversal from 2009. In 2009, there were more SFR sales (2,077) than Condo sales (1,654). With all of the new construction in SOMA, it’s likely that Condo sales will continue to exceed SFR sales moving forward. There were only 20 recorded Lot/Acerage Sales (.4%) in the last 12 months, and the combined value of those sales was $12,487,500. An average of $624,375 per transaction.

SF Properties are selling

Katy Dinner — Thu, 17 Mar 2011 19:27:48 +0000

Units Sold – Condos & SFR

The combined number of units sold rose at the beginning of last year and peaked in May 2010, at 445 units. From May to September, there was a 32% decline in the total number of sales. Units sold then ticked up slightly through the end of 2010. From December 2010, to January 2011 however, units sold fell 37.4%, and then was ticked up slightly (2.7%) in February. Although there was a significatant decline overall in January and February, the number of Condo units sold was up 10%, when compared to the same period last year. SFR units sold rose at the beginning of last year, and peaked in June 2010, at 190 units. SFR units sold began a slow decline through September, and then subsequently rose until December. There was drop off in sales of SFR at the beginning of this year. When compared to the same period last year, SFR units sales were down 8%. This corresponds with the change in the percentage of total sales, where Condo sales overtook SFR sales this year, for the largest percentage of the transactions in San Francisco.

SFH prices down 4.5% from last year

Katy Dinner — Tue, 15 Mar 2011 19:21:10 +0000

Median Price – Condos & SFR

The median price for Condos rose and fell thoughout the past 13 months, but took a somewhat significant dip (down 15%) last month. Overall, when compared to last February, the median price for Condos was down 13%. The median price for Condos in February 2010 was $649,000, and in February 2011 was down to $565,000. The peak month for Condo prices occured in October 2010, at $690,000, and the low occured in February 2011, at $565,000. Although there was price decline of 15%, from January to February of this year, the number of units sold increased 28.6%. Indicating that although there were more sales, the majority occured a lower median price point, dragging the market down. This is likely attributed to the REO sales, which accounted for 21.6% of the Condo properties sold in February. The median price for these REO sales in February was $420,000, down 14.4%, from the REO sales January 2011.The median price of Single Family Homes (SFR) rose at the beginning of last year, and peaked in June. After a slight fall in July (down 7.8%), the median prices remianed relatively flat though December. However, much like Condo prices, SFR prices also took a hit at the beginning of this year, down 16.5% from December 2010, to January 2011. However, when compared to last year, the median price was down 4.6%. Unlike Condos, the number of SFR units sold decreased from December through February 2011. The peak median price for SFR occured in June 2010, at $921,500, and the low for SFR was reached in Jan 2011, at $710,000.

Neighborhood Focus: Noe Valley – Median Price of 3bd Single Family Homes Up, When Compared to 2005-06

Katy Dinner — Fri, 19 Nov 2010 18:13:35 +0000

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

Katy Dinner — Fri, 22 Oct 2010 17:00:57 +0000

# 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
2007: Avg DOM: 32.8

2008: # of Units Sold: 199
2008: Avg DOM: 35.1

2009: # of Units Sold: 211
2009: Avg DOM: 64.4

2010: # of Units Sold: 168
2010: Avg DOM: 46.8

Averages by Year:
2006: Avg List Price: $971,023
2006: Avg Sales Price: $1,019,000

2007: Avg List Price: $1,011,875
2007: Avg Sales Price: $1,075,625

2008: Avg List Price: $1,167,958
2008: Avg Sales Price: $1,169,958

2009: Avg List Price: $907,500
2009: Avg Sales Price: $900,229

2010: Avg List Price: $952,300
2010: Avg Sales Price: $961,353

Top 10 most expensive real estate markets in the US: Bay Area on the list, again and again

Katy Dinner — Mon, 27 Sep 2010 17:08:38 +0000

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

Katy Dinner — Fri, 03 Sep 2010 17:15:05 +0000

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

Katy Dinner — Tue, 31 Aug 2010 22:02:48 +0000

Median Sales Price for SF Houses: for the week ending August 15^th, the median sales price was almost exactly the average median over the past 6 months.

Market Charts: Percent of Listings Accepting Offers

Katy Dinner — Mon, 30 Aug 2010 21:53:24 +0000

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

Katy Dinner — Sat, 28 Aug 2010 20:42:16 +0000

Sold Listings vs. Expired/Withdrawn Listings: