Menu
TwitterRssFacebook
Klinge Realty
More Links

Are you looking for an experienced agent to help you buy or sell a home? Contact Jim the Realtor!

Jim Klinge
Cell/Text: (858) 997-3801
klingerealty@gmail.com
701 Palomar Airport Road, Suite 300
Carlsbad, CA 92011


Posted by on Jun 12, 2018 in Jim's Take on the Market, North County Coastal, Sales and Price Check | 4 comments | Print Print

NSDCC May Sales & Pricing

This article shows that 88% of the home sales in San Francisco this year have sold for list price or higher – wow!

In SF, 79% sold over list price

We aren’t quite that hot, but there was some good action last month:

NSDCC Houses Sold Over List Price: 20%

NSDCC Houses Sold At LP: 13%

In May, 33% of the NSDCC detached-home sales close for list price or higher!  For those on range pricing, I used the high-end of the range, and I didn’t include any that were on the ‘auctions’.  Of the 100 houses that sold over $1,500,000, there were eleven that closed above their list price.

But sales are struggling:

Year
# of May Sales
Avg. Cost-per-SF
Median SP
Median DOM
2013
362
$416/sf
$943,500
16
2014
269
$465/sf
$950,000
20
2015
297
$492/sf
$1,125,000
22
2016
334
$498/sf
$1,216,250
24
2017
343
$517/sf
$1,220,000
16
2018
269
$593/sf
$1,325,000
18

Prices were way up, but there were 22% fewer sales last month, YoY!

Here are the NSDCC closed sales for January through May:

2013: 1,337

2014: 1,108

2015: 1,213

2016: 1,212

2017: 1,226

2018: 1,113

Year-to-date sales are 9% fewer than last year (through May).

Get Good Help!

4 Comments

  1. For frustrated buyers in So Cal, if you have kids around, ask them to show you how the game “musical chairs” works. Once you understand it, try it another way.
    I call it the “sanctuary city version.” Try not removing any chairs during the game, but instead, increasing the kids, one at a time, and watch how it plays out.

    That’s your game. Hope you win.




    2



    0
  2. Make sure the new kids or their parents didn’t have to pay admission and then… we’ll you get where I am going.




    3



    0
  3. I’m more amazed that 12% of San Francisco homes sold for under list! Living up here gives you the general idea that “under list” doesn’t exist.




    1



    0

Leave a comment

Your email address will not be published.