The sale of 458 Edinburgh in the Excelsior closed escrow on 10/19 with a reported contract price of $528,000 ($422 per square foot). Call it 6 percent “over asking!” but 31 percent under its comp setting price of $770,000 ($616 per square foot) in 2005 for the single-family home with a “refinished kitchen, granite counter tops, [and] redwood cabinets.”
The median price per square foot for single-family homes in zip code 94112 is currently running around $407 per square foot, down 8 percent from 2009, down 28 percent from a 2006 peak, and back to just above 2003 levels.
In terms of sales volume, in 2009 the zip code saw 446 sales last year and a peak of 463 in 2004, so far in 2010 the closed sales count is 271 which should end the year just under the count of 303 in 2002.
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