Monday, November 19, 2012

October Market Update Hits the Press


San Francisco sellers enjoyed a big spike in homes, condos, and tenancies-in-common finding buyers in October. The percentage of those properties in contract rose to 42 percent overall, compared with 34 percent in September. Properties priced under $1 million showed the most demand: In the $750,000 to $1 million range as well as the $500,000 to $750,000 range, about 46 percent were in contract; for properties in the $100,000 to $500,000 range, 43 percent were taken. Looking at individual districts, District 3 (Lakeshore, Lakeside, Oceanview) and District 4 (St. Francis Wood, Forest Hill, West Portal, Twin Peaks) were epicenters of activity; both areas saw fully half of available homes and condominiums go under contract in October.



 
This update contains the raw numbers for the past month's sales for the month of October in San Francisco.