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San Francisco Real Estate Market Update 2008

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The ancient chinese proverbs says; "May you live in interesting times." They certainly are that!

Interest rates have started to move down.

Stay tuned... If you would like a 'second' opinion on your loan & financing options, email or call us!


Updated Nov. 27, 2008

South of Ocean and Geneva Avenues we are seeing single family homes snapped up. Large downpayments and an occasional FHA loan seem to be funding these purchases. Condo's north of town have taken a beating. There are deals for those who have the determination, are you one?

San Francisco is filled with unique homes with differences apparent block by block. Most algorithms are blind to these although the serious buyer is not. The inviolable rule of location, location, location continues to dominate as buyers become even more finicky in finding a home within the best 7x7 mile neighborhood they can afford...

OCTOBER 2008 - Median Price $760,000 - Single Family Homes. Median price declined slightly, while the number of sold properties continued to increase month over month. Buyer appetite for single family homes increased as days on market remained the same.

OCTOBER 2008 - Median Price $729,000 - Condo/TIC/Loft, median price rose slighty and number of units sold increased. The number of days on market declined indicating more units are being bought up by savvy buyers looking for a bargain.
New Statistics Posted after the 20th of the Month. Updated: 11/27/08

Interest rates are dropping, prices are stabilizing. Now may be a good time to buy, before pent up demand for housing takes off...

SF REAL ESTATE MARKET TRENDS NEWSLETTER - <CLICK HERE>
Get the facts & trends straight from our San Francisco MLS!

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