invsf report sf sm 2013-1q
DESCRIPTION
San Francisco and San Mateo County Quarterly Real Estate reportTRANSCRIPT
San Francisco, CA Quarterly Survey of San Francisco Residential Sales 2013-1Q
INVSF UPDATE
San Francisco
Market Matrix 2013-1Q
%Chg
(qtr) 2012-4Q
%Chg
(yr) 2012-1Q
Average Sales Price $1,102,970 -12.8% $1,265,713 +15.6% $954,002
Median Sales Price $815,000 -2.2% $833,800 +22.6% $665,000
Number of Sales 467 -35.4% 723 -12.7% 535
Days on Market 42 -10.6% 47 -38.2% 68
Listing Premium +5.0% +2.5% -0.01%
Sales Volume $540,785,239 -40.9% $915,110,263 +5.9% $510,391,004
Homes are selling much faster.
Average days on market is 38.2% faster
from an average of 68 in 2012-1Q to 42 in
2013-1Q.
Sales Volume is very low.
Total home sales volume decreased 40.9%
from $915,110,263 in the prior quarter of
2012-4Q to $540,785,239 in 2013-1Q.
Listing Premium is extremely high.
2013-1Q Listing premium is up 5.0% from
2.5% in the previous quarter of 2012-4Q.
San Francisco
The INVSF Update identifies and measures market trends and provides a comprehensive analysis of the
results. Please contact us for real estate advice!
invsf.com Visit our website to learn more.
Wilson Leung
Broker-Associate
DRE# 01904259
(415) 828-7809
invsf.com
All material presented herein is intended for information purposes only. While this information is believed to be correct, it is represented subject to errors, omissions, changes or withdrawal without notice. All property outlines and square footage in property listings are approximate.
600,000
700,000
800,000
900,000
1,000,000
1,100,000
1,200,000
1,300,000 • Quarterly Average Sales Price
• Median Average Sales Price
8.0
5
6.9
7
6.5
4
5.8
3
5.8
4
5.8
7
6.4
1
6.3
4
6.0
3
5.0
4
4.6
9
4.4
5
3.7
2
3
4
5
6
7
8
9
20
00
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
Average Yearly Interest Rate on 30-Year Fixed Rate Mortgages
Average Yearly Interest Rate on 30-Year Fixed Rate Mortgages
1
San Mateo County Quarterly Survey of San Mateo County Residential Sales
2013-1Q
INVSF UPDATE
City/Area New
Listings
Current
Inventory
Closed
Sales
Average
DOM
Average Sales
Price
Median Sales
Price List : Sale Price
Total Sales
Volume
Atherton 43 30 20 66 3,844,078 3,600,000 97.95 73,037,500
Belmont 58 14 46 32 1,068,409 1,044,000 105.26 49,146,823
Brisbane 9 6 12 83 588,616 535,000 101.35 7,063,400
Burlingame 57 17 44 36 1,638,731 1,527,500 102.53 72,104,193
Colma 0 0 1 14 430,000 430,000 100.00 430,000
Daly City 114 61 87 32 570,169 567,000 106.94 49,604,789
East Palo Alto 41 20 18 115 358,333 357,000 105.95 6,450,000
El Granada 24 19 9 45 644,444 673,500 99.96 5,800,000
Foster City 30 12 17 23 1,121,640 1,010,000 102.13 19,067,888
Half Moon Bay 54 42 26 67 855,914 812,500 97.81 22,253,783
Hillsborough 62 62 29 58 3,379,185 2,490,000 95.88 91,238,000
La Honda 5 8 1 55 375,000 375,000 100.0 375,000
Menlo Park 102 33 60 25 1,545,271 1,410,000 103.52 91,171,000
Millbrae 36 15 22 17 1,113,231 1,115,500 106.27 24,491,100
Montara 9 8 9 32 739,111 765,000 100.42 6,652,000
Moss Beach 7 5 7 84 769,642 650,000 92.49 5,387,500
Pacifica 62 35 58 42 572,289 550,000 102.45 33,192,788
Pescadero 4 7 2 87 649,000 649,000 100.00 1,298,000
Portola Valley 23 19 17 65 2,140,882 2,025,000 97.09 36,395,000
Redwood City 146 69 101 34 944,192 925,000 102.01 95,363,425
Redwood Shores 18 1 12 18 1,219,065 1,107,444 103.70 14,628,788
San Bruno 53 26 48 39 624,804 658,000 105.59 29,990,605
San Carlos 73 17 48 27 1,237,228 1,100,677 104.41 59,386,948
San Mateo 167 57 118 40 858,133 777,500 104.37 101,259,762
South San Francisco 74 44 64 32 581,911 577,500 105.79 37,242,326
Woodside 59 42 28 81 2,770,370 2,055,000 97.20 74,800,000
Summary 1330 669 904 41 1,121,057 810,000 101.70 1,007,830,618
The INVSF Update identifies and measures market trends and provides a comprehensive analysis of the
results. Please contact us for real estate advice!
invsf.com Visit our website to learn more.
Wilson Leung
Broker-Associate
DRE#: 01904259
(415) 828-7809
invsf.com
All material presented herein is intended for information purposes only. While this information is believed to be correct, it is represented subject to errors, omissions, changes or withdrawal without notice. All property outlines and square footage in property listings are approximate.
2
San Mateo County Quarterly Survey of San Mateo County Residential Sales
2013-1Q
INVSF UPDATE
San Mateo County
Market Matrix 2013-1Q
%Chg
(qtr) 2012-4Q %Chg (yr) 2012-1Q
Average Sales Price $1,121,057 +9.6% $1,023,199 +35.3% $828,375
Median Sales Price $810,000 +3.9% 779,500 +32.8% $610,000
Number of Sales 904 -28.6% 1266 -10.1% 1,006
Days on Market 41 = 41 -42.0% 69
Listing Premium +1.7% +.82% -1.65%
Listing Inventory (Active) 669 +21.9% 549 -42.6% 1,165
Absorption Rate (Month) 2.22 1.3 3.47
Sales Volume $1,007,830,618 -22.0% $1,292,300,993 +21.2% $831,688,741
Median Sales Prices Continue to Rise.
Median sales price leaped 35.3% from
$828,375 of 2012-1Q to $1,121,057 of
2013-1Q.
Listing Premium at a New High.
In 2013-1Q, homes on average sold for
1.7% above list price. A year ago in 2012-
1Q, homes on average sold for 1.65% below
list price.
Listing Inventory Still Low.
Although active inventory increased 21.9%
from 2012-4Q to 2013-1Q, it is still -42.6%
lower than that of 2012-1Q.
San Mateo County
The INVSF Update identifies and measures market trends and provides a comprehensive analysis of the
results. Please contact us for real estate advice!
invsf.com Visit our website to learn more.
Wilson Leung
Broker-Associate
DRE#: 01904259
(415) 828-7809
invsf.com
All material presented herein is intended for information purposes only. While this information is believed to be correct, it is represented subject to errors, omissions, changes or withdrawal without notice. All property outlines and square footage in property listings are approximate.
600,000
700,000
800,000
900,000
1,000,000
1,100,000
1,200,000
• Quarterly Average Sales Price • Median Average Sales Price
8.0
5
6.9
7
6.5
4
5.8
3
5.8
4
5.8
7
6.4
1
6.3
4
6.0
3
5.0
4
4.6
9
4.4
5
3.7
2
3.5
3
4
5
6
7
8
9
20
00
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
20
13
Average Yearly Interest Rate on 30-Year Fixed Rate Mortgages
Average Yearly Interest Rate on 30-Year Fixed Rate Mortgages