SF Median Sales Price: June 06 (www.SocketSite.com)
According to DataQuick, the median sales price for existing homes in San Francisco was $778,000 last month, up 2.4% from $760,000 in June ’05 (matching the high-water mark of October ’05/April ’06). Sales volume continued to trend down year-over-year (652 sales versus 723 in June ‘05), but showed signs of a slight seasonal up-tick as volume increased 4.2% as compared to June ’06 (626 sales).
For the greater Bay Area, the recorded median sales price in June was $644,000 (up 5.6% year-over-year) and sales volume was 9,892 (down 24.0% from June ’05 but up 9.1% from April ’06). Marin, Napa, and Sonoma continued to record negative year-over-year sales volume growth but all recorded positive year-over-year price appreciation.
From DataQuick president Marshall Prentice, “The Bay Area’s market is reaching the end of a real estate cycle, it looks like prices could flatten out sometime this fall. What happens after that is anyone’s guess.”
Bay Area home sales continue to drop, prices reach new peak [DQNews]
San Francisco Year-Over-Year Appreciation Flat [SocketSite]

One thought on “San Francisco Median Sales Price Rebounds Slightly”
  1. Another month, another new record high for the Bay Area! Now that the 10-yr yield is falling, hence mortgage rates, I’m anxiously trying to buy as many prime location properties as possible before another lift off after bonuses are paid this year!

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