Distribution of Sales PricesDecember 11, 2008
Have you ever been curious about how many properties sell within a certain price range around San Francisco? Well wonder no more. We have built the charts and are ready to show you the numbers.
But first, a little background on data gathering. We searched for all sales in the city of San Francisco ranging from January 1 through December 10 of this year (2008, if you haven’t caught on by now). We tallied up the number of sales in 13 different segments. The segments go from $0 through $249,999, $250,000 through $499,999, and onwards in quarter million dollar increments from there. We stop at $3 million and include all sales above $3 million in one category.
MLS currently shows a total of 4,210 sales of single family homes, condos, lofts, TIC’s, and stock cooperatives within the city of San Francisco for 2008 (thru December 10). Here is the distribution, and keep in mind, this is for all of San Francisco – from Bayview to Pacific Heights:
For the pie chart and commentary, continue reading –>
As you can see, the category with the most transactions are properties in the $500,000 to $749,000 range. So far this year a total of 1,346 transactions have posted in that range. The next highest is the $750,000 to $999,999 range, with 1,126 transactions. Together these two price range categories represent 58.72% of the transactions to take place this year.
Here’s a look at the distribution as a percentage of the total (as you’ll recall, 4,210 sales is the total):
This is interesting info (okay, only if you’re a nerd like us). If you’re a seller it’s good to visualize how large the market is at your price point, and if you’re a buyer it’s good to see where all the other shoppers are.
Posted in Home Buying, Home Selling, Macro-Level Info, Nerdy RE Analysis | Tagged buyers, market, market segments, number of sales 2008, sales distribution, san francisco, san francisco real estate, sellers |