December 10, 2008 – 8:07 PM | No Comment

ShareThere are what will seem like over 1,000 details between “I think it’s time to move” and “We’re finally unpacked!”
I’ll help you with more of them than any other Realtor.

What are you getting when …

Read the full story »
Eco-Friendly Resources

Eco-friendly products for your home & family

Market Trends & Mortgage Updates

The latest scoop on market trends & mortgage updates

Notes from the Field

The latest queries from buyers & sellers

Out & About

Current happenings in our S.F. and Peninsula communities

Seller/Buyer Resources

Home » Market Trends & Mortgage Updates

Zephyr’s Winter Market Update Report 2008

Submitted by Cheryl Bower on April 14, 2009 – 12:54 PMNo Comment
Well, one thing is for certain: the real estate market is never dull.  With so many economic factors in play in today’s market, the tight lending standards, the flux of the stock market, the increase in unemployment, it’s no wonder so many people are sitting on the sidelines waiting to see what will happen next.  Unfortunately, what often happens to those on the sidelines is that they wind up getting into the game late.  There are opportunities to be found, especially in this market.  Consider this: 

  • If you’re in the market to buy and are well-qualified, now may be a great time to swoop in and buy a great home. You will get more for your money now, and in some areas will find incredible values at prices that haven’t been seen for years.
  • If you’ve always wanted to plan for retirement or build wealth through real estate investments, but never knew how, there are many opportunities to get into this market and finally get started. Rental income properties are much more attainable, and it’s possible to find some with positive cash flow.
  • If you’re in the unique position as a seller to be in a sought-after neighborhood and have been there long enough to have built some equity, you are still in a strong position. You have more wiggle room for negotiation, but also have the power of location and demand on your side. If you’ve been in your home a short time and haven’t built equity, things may be a bit tighter, but it’s important to remember: if you sell for a lower value in this market, you also have the opportunity to buy more at the lower value as well.

In a City with neighborhoods so nuanced that prices can often vary block by block, it’s more important than ever to work with someone who can help you navigate through this market. If you’d like more detailed information on your specific neighborhood or have any questions, please don’t hesitate to contact me.

San Francisco at a Glance
4th Quarter 2008 Single Family Homes Condos/TICs/Lofts
Average Sales Price
Median Sales Price
Average Days on Market
Months Supply of Inventory
End of Month Inventory
$927.412
$729,000
58
5.5
555
$786,684
$690,000
65
6.2
708

October 2008 Single Family Homes Condos/TICs/Lofts
Average Sales Price
Median Sales Price
Average Days on Market
Months Supply of Inventory
End of Month Inventory
$928,253
$757,500
53
4.7
835
$809,710
$725,000
58
7.7
1,181

November 2008 Single Family Homes Condos/TICs/Lofts
Average Sales Price
Median Sales Price
Average Days on Market
Months Supply of Inventory
End of Month Inventory
$1,003,312
$750,000
54
5.5
753
$803,226
$675,000
63
9.6
1,071

December 2008 Single Family Homes Condos/TICs/Lofts
Average Sales Price
Median Sales Price
Average Days on Market
Months Supply of Inventory
End of Month Inventory
$843,963
$704,900
67
5.4
555
$740,223
$625,000
73
6.2
708
Data based on sales of residential property as reported to the San Francisco Association of Realtors Multiple Listing Service during the periods shown.
Share and Enjoy:
  • LinkedIn
  • FriendFeed
  • Digg
  • del.icio.us
  • Mixx
  • Google Bookmarks
  • Blogplay
  • blogmarks
  • Diggita
  • email
  • MySpace
  • NewsVine
  • PDF
  • Ping.fm
  • Posterous
  • Reddit
  • Sphinn
  • StumbleUpon
  • Technorati
  • Tumblr
  • Wikio FR
  • Yahoo! Bookmarks
  • Yahoo! Buzz
  • Facebook
  • Twitter

Post to Twitter Tweet This Post

Popularity: 28%

Leave a comment!

Add your comment below, or trackback from your own site. You can also subscribe to these comments via RSS.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

This is a Gravatar-enabled weblog. To get your own globally-recognized-avatar, please register at Gravatar.

Spam protection by WP Captcha-Free