Recent statistics continue to show that our market is at least resisting national trends. In fact, for March 2008, District 5 (think central SF from Glen Park through the Haight) reach a new median sale price for single family homes. For single family homes, 32 sold over asking price, 30 sold under asking price and 16 sold at asking price. The Condo/TIC category shows a bit more of a skew toward buyers, with 22 selling above asking price, 38 selling below and 19 selling at asking price. In 2 to 4 units, there continued to be very few sales, with just 6 selling above asking price, 7 selling below and 3 closing at asking.
If you are interested in more in-depth analysis of the 1st Quarter (and I know many of you are), here’s a great report prepared by Paragon’s in-house statistician, Patrick Carlisle.
In these trying times, it can be good to reassure ourselves of the general direction fo things. To that end, here’s another report that summarizes home price growth in San Francisco since 1994. If you’ve owned your home a while, it will make you feel a whole lot better. And even if you haven’t, this could be you in a few years, so cheer up!