CFAH

The sales volume of listed single-family homes in San Francisco rose 26.0% on a year-over-year basis in November, up 46 sales from 179 in 2010 to 225 in 2011 as the median sale price fell 9.9 percent year-over-year (from $775,000 to $698,000).
With respect to listed condos in San Francisco, sales volume rose 21 percent year-over-year in November, up 35 sales from 166 in 2010 to 201 in 2011 as the median sale price fell 5.4 percent (from $669,000 to $633,000).
Real Estate Market Trends Report [rereport.com]

Comments from Plugged-In Readers

  1. Posted by curmudgeon

    median price down, average price up, in both SF and condos. That’s intriguing, as I expect they usually travel in tandem. More sales on the low end, higher prices on the high end?

  2. Posted by A.T.

    Much simpler explanation – November ’11 had two monster sales at $29.5mm and $9.5mm. Nothing like that in November ’10. Those alone skewed the average waaaay to the right.
    A billionaire and a bum in the same room averages out to a half billion dollars per person.
    Medians are flawed, but monthly RE averages are probably the least relevant of all measures I know of.

  3. Posted by REpornaddict

    Largest number of additional sales came from d10, so there were also more sales on the low side affecting the median.
    ad together to the monster sales, and that explains tthe median/average disparity.

Add a Comment

Your email address will not be published. Required fields are marked *

Recent Articles