According to DataQuick, the median sales price for existing homes in San Francisco was $757,500 last month, up 2.4% compared to a revised February ’06 ($740,000), and up slightly (0.7%) compared to the month prior. Sales volume, however, fell 12.6% year-over-year (375 sales in February ’07 versus a revised 429 sales in February ’06) and was down 6.7% compared to the month prior (402 recorded sales in January ’07). Sales volume typically builds through the first six months of the year.
For the greater Bay Area, the recorded median sales price in February was $620,000 (a revised year-over-year increase of 0.3%) and sales volume was 6,305 (down 7.9% from a revised 6,844 sales in February ’06). At the extremes, Contra Costa county recorded a 5.5% reduction in median sales price year-over-year, while Marin county recorded a 3.8% year-over-year gain.
UPDATE (3/19): We’ve adjusted our graph to reflect DataQuick’s change in methodology. Data points marked with an asterisk (*) reflect our estimate of what DataQuick will/would report for revised sales volumes/prices.
∙ Bay Area home sales lowest since 1996, prices still flat [DQNews]
∙ San Francisco Homes Sales Up, Median Sales Price Waffles [SocketSite]