Wednesday, March 13, 2013

Monthly Sales Statistics

We've just posted our monthly sales reports for February (in PDF format) and there are some telling numbers.

(BTW, the new look is to complement our new office on Nob Hill at 1715 Polk Street).

Basically, inventory (properties being actively marketed on the MLS) is down substantially compared to a year ago although, as is typical for this time of year, there has been some increase between February 1 and March 1.

Average sales prices have increased 20-25% compared to a year ago.

These reports are based on data from our MLS.  We survey five specific configurations of single family homes and condos in an effort to compare, as much as possible, similar properties.  Together, these five configurations account for 43% of single family homes that sold in 2012 and 60% of condos based on 2012 sales.  Our reports also include information on all 2-, 3-, and 4-unit residential properties.

The last page of the report shows historical pricing for these types of properties back to 1996.  In each of our survey categories the average annual sales price has gone up (year over year) two years in a row.

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