As part of efforts to address the City’s unprecedented budget deficits, MUNI SCHEDULE CHANGES are effective May 8. New schedules and other information are at www.SFMTA.com (printable PDF brochure of the changes) or call 511 for specific transit information.
Low, High & Median Sales Prices & Average Dollar per Square Foot: 10/16/09 – 4/15/10
These charts track recent SF home sales by low, high and median sales price, and average dollar per square foot ($/sq.ft.) for the 6-month period of 10/16/09 – 4/15/10. Changes in median price and average $/sq.ft. don’t necessarily signify a change in market values, as both statistics can be affected by changes in buying trends, "unusual" events, and, when the number of sales is small, by a few specific sales clustered well above or below normal.
Comparing this data to the previous 6-month period, changes in median price and average $/sq.ft. most commonly ranged in the 0 – 5% range, plus or minus: no definitive city-wide trend can yet be determined, though the increasing market demand would typically exert upward pressure on prices. Finally, remember that sales data is always 4 to 8 weeks behind the market, since that is the usual period of time between acceptance of offer and the final closing of the sale.
Within the charts, neighborhoods are listed in order of median sales price. If a price is followed by a "k" it references thousands of dollars; if followed by an "m", it signifies millions of dollars. "REO" refers to the sale of bank-owned properties (typically pursuant to foreclosure).
“Pricing of these projects is a good 25 to 30 percent below the peak of the last cycle with prices hovering in the $600 to $750 a square foot range now. Buyers are bargaining hard while developers are lucky to recoup their equity or eke out a slim profit.”