San Francisco Market Update Q4 2013

Page 5

DISTRICT 5

CONDOMINIUM SALES district 5 market overview

Average sales prices in District 5 increased significantly in the fourth quarter of 2013 compared to the fourth quarter of 2012. The average sales price of SFHs jumped 20.5 percent, an increase of $316,651 from 2012. The average condominium sales price exceeded the $1,000,000 mark, from $851,196 in 2012 to $1,071,095 in 2013. The shortage of inventory resulted in a decline in total number of closed sales of both SFHs and condominiums. SFH closed sales decreased by 14 percent and condominium closed sales decreased by 7.6 percent. The average days on market of SFHs declined by 10 percent, while the average days on market for condominium sales dropped 22 percent in year-over-year comparisons.

Average Days on Market

Ashbury Heights Condominium

100 90 80 70 60 50 40 30 20 10

Sales Price: $1,375,000 Agent: Paul Ybarbo

0

2009

2010

2011

2012

San Francisco

3 br / 2.5 ba

2013

District 5

Average sales price

Enjoy an outstanding location adjacent to the boutiques and bistros of Cole Valley, Buena Vista Park and the colorful Haight from this refined, full floor condo in a gorgeous Beaux Arts-style building. This updated flat boasts tasteful designer finishes and architectural craftsmanship of a bygone era. Consistent with this era of construction, all rooms are generously proportioned.

$1,200,000

$1,000,000

$800,000

$600,000

$400,000

$200,000

$-

2009

2010

2011

2012

San Francisco

2013

District 5

district 5 condominiums 2009

2010

2011

2012

2013

Average List Price

$723,992

$821,996

$768,415

$803,437

$976,641

Average Sales Price

$720,315

$815,286

$764,314

$851,196

$1,071,095

Average Days on Market

79

80

77

48

37

Total Condominiums Sold

147

96

102

131

121


Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.