There were five homes that close escrow in Parkside San Francisco in August 2009. The average sale price was $643,000. The average size was 1150 Square Feet. The average days on the market was 36days.  Four out of five listings sold for over asking price. These were all two or three bedroom homes. This data suggests a healthy real estate market for August. 36days on the market indicates relatively quick sales, given the number of days on the market includes marketing time and escrow timelines. To close in 36 days with a typical escrow taking 30-45days, means these properties obtained offers in the first week on the market. Or all-cash offers, which can close very quickly. Also most of these homes sold for over asking. This is only one month's data and this is only one district in San Francisco, so the sample size is relatively small.  Picture above is 2510 32nd Ave, sold for $643,000; 2bds/1ba.

Rob Moffatt
Pacific Union Real Estate
415 722 4038
Rob.moffatt@pacunion.com
DRE#01786315

 

Here we see sales of all single family homes in San Francisco Parkside District over the last six months according to the type of sale it was. This includes current listings as well. The majority of the sales 67% are regular sales. 17% are trust sales; 8% are short sales; 5% are foreclosures; and 3% are probate sales. 

Call me today to discuss you home buying or selling needs!

Robert N. Moffatt
Pacific Union Real Estate
Cell: (415) 722 4038
DRE#01786315
601 Van Ness Ave. #S, San Francisco, CA 94105

 

This chart shows the number of solds two bedroom single Family Homes each quarter since January 2006. Comparing the first quarter 2006 to the first quarter 2009 we see a small decline of five less homes sold thsi year than the same time in 2006. This is not a major difference in the last few years, so what is different if the price folks are paying for Parkside Homes, not the amount of homes folks are buying. My experience has been that there is a large pool of buyers for these homes. As prices decline, new groups of buyers become excited about the possiblity of owning a home in Parkside.  
   This chart has three pronounced dips: They are all in the first quater of 2007,2008, and 2009. This is due to the fact that home take an average of 30 ot 40 days to close, buyer would to have mad ethier offer in December of the preceding year, which is the slowest time of the year in reay estate sales.

Above we see the median price for two bedroom homes in Parkside San Francisco has risen from aproximately 775k in the first quarter on 2006 to 800k throughout all quarter of 2007; and has declined to 700k and below from during the last nine months. There is a shorter pattern up down, up down, from one quarter to the next. The sales prices are higher in the first and third quarters in each year (the months of January, February, March; and July, August, September). This suggests the best time to sell is during these months. And the best time to Buy is April, May, June; or October, November, December.