2002 vs 2001 San Francisco Sales Analysis

For the year 2002, prices for single-family homes held level with 2001, but there was more sales activity, with Buyers attracted by historically low interest rates. There were 3100 single-family homes sales in 2002, a 15% increase in transactions from the 2694 sales in 2001. District 1 showed the largest price advance by increasing almost 12% in 2002. Districts 7 and 8 homes taken together showed a sale price decrease of almost 13%.

Condominium sales activity showed an astonishing increase of over 50% city-wide in volume, although the average sale price declined slightly, pulled down by a 13% decline in price in the prime areas of District 7.

A full 2002 versus 2001 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

SFDs	2002			2001			#change	$change
District	#sales	Avg. SP	Total sales $$	#sales	Avg. SP	Total sales $$
1	238	$1,006,235	$239,483,930	210	$900,050	$189,010,500	13.33%	11.80%
2	639	$598,724	$382,584,636	528	$545,121	$287,823,888	21.02%	9.83%
3	293	$522,814	$153,184,502	206	$485,960	$100,107,760	42.23%	7.58%
4	415	$780,326	$323,835,290	380	$748,929	$284,593,020	9.21%	4.19%
5	398	$929,914	$370,105,772	365	$925,279	$337,726,835	9.04%	0.50%
6	52	$1,034,262	$53,781,624	37	$1,047,771	$38,767,527	40.54%	‑1.29%
7	121	$2,600,995	$314,720,395	119	$3,047,643	$362,669,517	1.68%	‑14.66%
8	14	$1,803,714	$25,251,996	22	$2,045,364	$44,998,008	‑36.36%	‑11.81%
9	275	$610,960	$168,014,000	238	$569,349	$135,505,062	15.55%	7.31%
10	655	$454,358	$297,604,490	589	$412,502	$242,963,678	11.21%	10.15%
S.F.	3100	$751,151	$2,328,566,635	2694	$751,361	$2,024,165,795	15.07%	‑0.03%
D7&8	135	$2,518,314	$339,972,391	141	$2,891,259	$407,667,525	‑4.26%	‑12.90%
Others	2965	$670,689	$1,988,594,244	2553	$633,176	$1,616,498,270	16.14%	5.92%

CNDs	2002			2001			#change	$change
District	#sales	Avg. SP	Total sales $$	#sales	Avg. SP	Total sales $$
1	141	$573,786	$80,903,826	80	$620,588	$49,647,040	76.25%	‑7.54%
2	24	$598,745	$14,369,880	20	$559,025	$11,180,500	20.00%	7.11%
3	10	$495,600	$4,956,000	8	$496,000	$3,968,000	25.00%	‑0.08%
4	77	$380,269	$29,280,713	61	$383,254	$23,378,494	26.23%	‑0.78%
5	364	$599,215	$218,114,260	232	$589,233	$136,702,056	56.90%	1.69%
6	232	$526,677	$122,189,064	126	$505,117	$63,644,742	84.13%	4.27%
7	385	$817,527	$314,747,895	269	$943,369	$253,766,261	43.12%	‑13.34%
8	521	$714,990	$372,509,790	347	$673,047	$233,547,309	50.14%	6.23%
9	660	$507,701	$335,082,660	447	$503,589	$225,104,283	47.65%	0.82%
10	48	$343,795	$16,502,160	47	$324,981	$15,274,107	2.13%	5.79%
S.F.	2462	$612,777	$1,508,656,248	1637	$620,778	$1,016,212,792	50.40%	‑1.29%