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 priceWe 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 | ||||
| 2013 | ||||
| 2014 | ||||
| 2015 | ||||
| 2016 | ||||
| 2017 | ||||
| 2018 |
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!
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.
Make sure the new kids or their parents didn’t have to pay admission and then… we’ll you get where I am going.
Yikes!
http://lao.ca.gov/BallotAnalysis/Initiative/2017-018
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.