Over, Under, At - SF Home Sales: January 26 - February 1, 2009

Welcome back to the “Over, Under, At” weekly feature. It’s a simple breakdown taken from MLS data that shows the number of closed sales that sold Over Asking Price, Under Asking Price or At Asking Price. This is a reblog from Luba Muzichenko,a real estate agent with Zephyr in San Francisco

*Just a reminder that new construction sales are rarely included in this list since they don’t get posted on the MLS.

Happy Monday folks. Single family home sales have just barely dipped, but there were many more listings that sold under asking this week, including one that sold for $354,000 or 27% UNDER the asking price! Most other “under” single family homes in SF sold from anywhere from a few thousand dollars to 10% under the asking price. Condos sales climbed up a smidge, and the over/under/at stats stayed pretty much proportional to last week. And TIC’s, well, those sales have slipped a little (3 sold last week, to 1 sold this week.)

Keep in mind that these reports are meant to be helpful for potential buyers and sellers - but to really understand the pulse of the SF real estate market, talk to a local real estate agent. We’re in the trenches and these closed sales went into escrow a month ago (sometimes less, sometimes more). We are much better in tune with what’s going on in the market TODAY and can give you much more in depth information than any set of statistics can.

Here’s a quick breakdown of closed San Francisco home sales for the week from January 26 – February 1, 2009:

Single Family Homes - 16 Homes Sold

4 Sold OVER Asking Price

10 Sold UNDER Asking Price

3 Sold AT Asking Price

Condos/Lofts/Co-ops’s - 9 Homes Sold

2 Sold OVER Asking Price

5 Sold UNDER Asking Price

2 Sold AT Asking Price

TIC’s - 1 Home Sold

0 Sold OVER Asking Price

1 Sold UNDER Asking Price

0 Sold AT Asking

* Special thanks to Zephyr real estate agent, Luba Muzichenko for permission to reblog her San Francisco market observations. Luba can be reached at 415-307-1392

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Howard Bell
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