Monday, November 14, 2011

October Sales Statistics

We've just posted our monthly reports on sales San Francisco and Marin counties for October.  As a reminder, we survey several specific configurations of single family homes and condos that represent the majority (this month, 55% in San Francisco and 72% in Marin) of sales in the county.  Here are some highlights:

  • inventory and number of sales has begun its normal, seasonal decline;
  • average sales price is up compared to a year ago

San Francisco
  • inventory is down slightly from last month and down approximately 30% from a year ago;
  • the total number of sales of residential properties in October was the lowest of any October in more than seven years although we are still on track to sell more units for the full year than we did in 2010;
  • of the configurations of single family homes and condos we survey, the number of properties sold in October is mixed with single family homes down slightly, condos down compared to last month but up compared to the same month last year, and 2-4 unit buildings up compared to both last month and last year

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