For the year 2001, average sale prices for single-family homes increased by 3% over 2000, but the volume of sales dropped off considerably (over 13%) as the market slowed due to the recession that started in the Spring and the attacks on September 11th.
Condominium sales activity showed a 10% decrease in volume, but the average sale price declined by over 5%.
A full 2001 versus 2000 district by district sales comparison chart for both homes and condominiums is shown below. The San Francisco District Map can be viewed by clicking on this link: http://www.classicSFproperties.com/districtmap.htm
2001 vs 2000 San Francisco Sales Analysis
|
SFDs |
2001 |
2000 |
#change |
$change | ||||
|
District |
#sales |
Avg. SP |
Total sales $$ |
#sales |
Avg. SP |
Total sales $$ |
|
|
|
1 |
210 |
$900,050 |
$189,010,500 |
209 |
$959,468
|
$200,528,812 |
0.48% |
‑6.19% |
|
2 |
528 |
$545,121 |
$287,823,888 |
600 |
$519,778
|
$311,866,800 |
‑12.00% |
4.88% |
|
3 |
206 |
$485,960 |
$100,107,760 |
258 |
$450,045 |
$116,111,610 |
‑20.16% |
7.98% |
|
4 |
380 |
$748,929 |
$284,593,020 |
439 |
$752,084 |
$330,164,876 |
‑13.44% |
‑0.42% |
|
5 |
365 |
$925,279 |
$337,726,835 |
400 |
$1,030,128 |
$412,051,200 |
‑8.75% |
‑10.18% |
|
6 |
37 |
$1,047,771 |
$38,767,527 |
51 |
$963,287
|
$49,127,637 |
‑27.45% |
8.77% |
|
7 |
119 |
$3,047,643 |
$362,669,517 |
132 |
$2,842,164
|
$375,165,648 |
‑9.85% |
7.23% |
|
8 |
22 |
$2,045,364 |
$44,998,008 |
18 |
$2,413,889
|
$43,450,002 |
22.22% |
‑15.27% |
|
9 |
238 |
$569,349 |
$135,505,062 |
282 |
$575,708 |
$162,349,656 |
‑15.60% |
‑1.10% |
|
10 |
589 |
$412,502 |
$242,963,678 |
717 |
$370,689
|
$265,784,013 |
‑17.85% |
11.28% |
|
S.F. |
2694 |
$751,361 |
$2,024,165,795 |
3106 |
$729,749 |
$2,266,600,254 |
‑13.26% |
2.96% |
|
CNDs |
2001 |
2000 |
#change |
$change | ||||
|
District |
#sales |
Avg. SP |
Total sales $$ |
#sales |
Avg. SP |
Total sales $$ |
|
|
|
1 |
80 |
$620,588 |
$49,647,040 |
94 |
$634,602 |
$59,652,588 |
‑14.89% |
‑2.21% |
|
2 |
20 |
$559,025 |
$11,180,500 |
14 |
$476,071 |
$6,664,994 |
42.86% |
17.42% |
|
3 |
8 |
$496,000 |
$3,968,000 |
13 |
$492,692 |
$6,404,996 |
‑38.46% |
0.67% |
|
4 |
61 |
$383,254 |
$23,378,494 |
79 |
$389,148 |
$30,742,692 |
‑22.78% |
‑1.51% |
|
5 |
232 |
$589,233
|
$136,702,056 |
301 |
$622,632 |
$187,412,232 |
‑22.92% |
‑5.36% |
|
6 |
126 |
$505,117 |
$63,644,742 |
162 |
$541,948 |
$87,795,576 |
‑22.22% |
‑6.80% |
|
7 |
269 |
$943,369 |
$253,766,261 |
284 |
$946,882 |
$268,914,488 |
‑5.28% |
‑0.37% |
|
8 |
347 |
$673,047
|
$233,547,309 |
429 |
$711,875 |
$305,394,375 |
‑19.11% |
‑5.45% |
|
9 |
447 |
$503,589 |
$225,104,283 |
403 |
$580,313 |
$233,866,139 |
10.92% |
‑13.22% |
|
10 |
47 |
$324,981 |
$15,274,107 |
54 |
$295,520
|
$15,958,080 |
‑12.96% |
9.97% |
|
S.F. |
1637 |
$620,778 |
$1,016,212,792 |
1833 |
$656,195 |
$1,202,806,160 |
‑10.69% |
‑5.40% |
David Parry
(415) 351-4611
dparry@mcguire.com