SF: By Reader Request: Not Only What Sold, but How Sold

Anon said, in response to my most recent “Homes Sold” blog, that “It would be great to know, on average, how much over list price these went for….” I agree: that would be useful information, indeed. However, it also more elusive information. Not to be easily deflected, here is my attempt to track it down…sort of. Hope this next bit of research (all of it rather rosey for SF) is helpful to anon, and to all of you.

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Henry Jeger McGuire Real Estate lists sales here, and well over half of those sold “over asking” or “significantly over asking.”

Zephyr Real Estate posts stats on 9/5/07 that for their own listings,

41% of sales received multiple offers
17% of sales sold under the asking price
29% of sales sold at the asking price
54% of sales sold over the asking price

SFResidence.com writes of as of 9/25/07:

The number of Single Family Homes sold for August dropped again from July in San Francisco Real Estate. The average listing price was over 13% lower than the previous month but over 7.8% higher than a year ago. The number that counts is the The average selling price was almost 107% of the average listing price. The average days on the market decreased slightly to 35.

The number of Condominiums sold in August decreased again from July in the San Francisco Real Estate Market, however, the average selling price was over 102% of the average listing price. The average listing and selling price were both higher than last month, and much higher than a year ago. The average days on the market increased slightly to 44.

The number of homes sold in the Overall Sales category for August in San Francisco Real Estate dropped again from July and was lower than a year ago. Even so, the average selling price was over 104% of the average listing price. But compared to a year ago, the average sales price was higher. The average days on the market decreased slightly to 41.