Weekly Market Charts
The below charts are by week through December 12th for San Francisco houses, condos, TICs and 2-4 unit buildings.
In the period since September 1st, Paragon has cemented its place as the #3 broker by dollar volume sales. Our percentage market share has increased 11.3% for all home types, and by 66.2% for homes selling for $1,500,000 and above. We are also #3 in dollar volume sales for luxury homes, a large shift from previous years. Paragon continues to have the highest SP to original LP percentage and lowest Days on Market figure for both all homes and luxury homes of the largest SF brokerages, when acting as listing agent.
Homes Accepting Offers: though activity is reduced from November, it is surprisingly strong for December. Last year a total of 293 homes went under contract in December; through December 12th of 2010, approximately 190 homes have gone under contract already. (In December 2008, right after Lehman Bros. only 218 went under contract during the entire month.)
Homes For Sale: declining rapidly as we get closer to the end of the year, but still higher than last year at this time.
Median Sales Price: median prices have jogged up and down a little over the past six months (weekly fluctuations are the norm and are not particularly significant), and for the week ending 12/12/10, the median was almost exactly the average median for the entire 6-month period. This speaks to a general price stability in the SF home market.
New Listings: as typical, a large decline as we get closer to the end of the year, though considering buyer activity this might not be such a bad time to bring on a new listing if it¹s well priced. Typically, we will see a new burst of new listings (and re-listed listings) in January.
Listings Sold vs. Expired Listings: for the past 6 weeks, more listings have expired or been withdrawn than have closed escrow so though market activity is relatively strong, lots of homes are still not selling. December is usually the month with the largest number of expired listings.
Percentage of Listings Accepting Offers by Week: at slightly over 5% of listings accepting offers in each of the past two weeks (after the Thanksgiving week dip), activity is well above the average for the past 6 months, and speaks to the continuing deal-making activity going on in December. Only 1 week in the past 6 months has registered a higher percentage of listings accepting offers, and that was in the 3rd week of November.