San Francisco Market Update Q4 2013

Page 7

DISTRICT 6

CONDOMINIUM SALES district 6 market overview

SFHs and condominium in District 6 continued to see an increase in average sales prices in the fourth quarter of 2013. The average sales price of SFHs increased by 11.2 percent, from $1,698,895 in 2012 to $1,888,385 in 2013. Average sales price of condominiums increased by 15.8 percent, from $718,443 in 2012 to $831,735 in 2013. SFHs closed sales declined by 31.6 percent while the number of condominium closed sales increased by 19.1 percent. The average days on market of SFHs declined 26.6 percent, from 36 days in 2012 to 26 days in 2013. Condominiums are selling at a much faster rate in year-over-year comparisons- from an average of 64 days on market in 2012 to an average of 29 days on market in 2013, which is a 54.7 percent drop.

Average Days on Market

Penthouse in NOPA

100 90 80 70 60 50 40 30 20 10

Sales Price: $875,000 Agent: Mary Laughlin Fenton

0

2009

2010

2011

2012

San Francisco

2 br / 2 ba

2013

District 6

Average sales price

This condo in a newer 3-unit building offers many luxuries in a highly sought location. French doors open directly onto a large deck with partial views. Skylights infuse light throughout. It features custom granite counters with breakfast bar, stainless steel appliances including gas range and ventahood microwave and hardwood floors.

$1,200,000

$1,000,000

$800,000

$600,000

$400,000

$200,000

$-

2009

2010

2011

2012

San Francisco

2013

District 6

district 6 condominiums 2009

2010

2011

2012

2013

Average List Price

$639,634

$647,008

$648,249

$690,084

$782,040

Average Sales Price

$629,607

$633,616

$649,085

$718,443

$831,735

Average Days on Market

59

68

69

64

29

Total Condominiums Sold

70

52

59

84

100


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