Statistics 'r Us

We put together reports each month which we hope are helpful to our clients as they make their decisions about buying and selling homes in San Francisco and Marin. Most of these are prepared in the 2nd week of the month since the data all comes from the multiple listing service and agents aren't always as timely as they should be recording sales and status changes.
There's all kinds of interesting info buried in the numbers. Here are some highlights:

• Overall, sales in February were still down compared to the February last year which, in turn, was down from the year before that.


• Overall, average sales prices in February are down compared to the February last year but up compared to January.


• Sales activity is focused largely in the lower price ranges. In the last two years, sales of homes under $1million have represented approximately 70-75% of all sales. So far this year, sales in that same price range represent over 80% of total transactions.


• There is a huge inventory of condos and TICs compared to the average number being sold each month (for example, 285 active listings of 1 bedroom units as of 3/8/09 compared to an average number of 25 sales each month over the past four months). Similar disparities exist in most of the other common configurations of condos.

The detailed reports are posted on our website: http://www.boldsf.com/ click on "Statistics".