34 homes sold during the month of October in SoMa with a median sold price of $668,450.
- 20.6% sold in 0 to 30 days for 93.2% of list price.
- 23.5% sold in 31 to 60 days for 97.8% of list price.
- 20.6% sold within 61 to 90 days for 93.4% of list price.
- 14.7% sold within 91 to 120 days for 96.8% of list price.
- 20.6% sold after 120+ days for 93.5% of list price.
The median sold price last year was $650,000 with 29 homes sold – which translates into a 2.8% increase in the median price and a 17% increase in volume for this October. As inventory in the new developments is absorbed we will begin to see these numbers rise even further. Already for the month of November there are 42 pending sales – not all of those will close. However, last November there were only 17 sales for the month so we could be looking at a huge increase in volume upwards of 140%.
Filed under: Buyer Info, Seller Info | Tagged: Michael Novia, New Developments SoMa, Realtors San Francisco, San Francisco New Developments, San Francisco Real Estate, SoMa Lofts, SoMa Real Estate, SoMa Realtor, South Beach Condos, South Beach Lofts, South Beach Real Estate, South of Market Condos
