2003 vs 2002 San Francisco Sales Analysis

For the year 2003, prices for single-family homes increased by 7.8% over 2002. Buyers continued to be drawn into the market by low interest rates, as they had been in 2002. There were 3392 listed single-family homes sales in 2003, a 9.4% increase in transactions from the 3100 sales in 2002. Values in District 1 increased again by almost 11%. District 7 and 8 homes taken together recovered some of their prior year losses by increasing 3.4% and volume was up by over 24% there.

Condominium sales activity showed another strong volume increase of over 17% City-wide, although the average sale price stayed the same as in 2002, held down by a 13.65% decline in prices in District 8 (Nob Hill/Russian Hill).

A full 2003 versus 2002 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	2003			2002			#change	$change
District	#sales	Avg. SP	Total sales $$	#sales	Avg. SP	Total sales $$
1	252	$1,116,417	$281,337,084	238	$1,006,235	$239,483,930	5.88%	10.95%
2	614	$638,958	$392,320,212	639	$598,724	$382,584,636	‑3.91%	6.72%
3	295	$565,944	$166,953,480	293	$522,814	$153,184,502	0.68%	8.25%
4	467	$806,271	$376,528,557	415	$780,326	$323,835,290	12.53%	3.32%
5	470	$977,325	$459,342,750	398	$929,914	$370,105,772	18.09%	5.10%
6	57	$1,027,904	$58,590,528	52	$1,034,262	$53,781,624	9.62%	‑0.61%
7	142	$2,681,646	$380,793,732	121	$2,600,995	$314,720,395	17.36%	3.10%
8	26	$2,176,523	$56,589,598	14	$1,803,714	$25,251,996	85.71%	20.67%
9	351	$622,911	$218,641,761	275	$610,960	$168,014,000	27.64%	1.96%
10	718	$495,045	$355,442,310	655	$454,358	$297,604,490	9.62%	8.95%
S.F.	3392	$809,711	$2,746,540,012	3100	$751,151	$2,328,566,635	9.42%	7.80%
D7&8	168	$2,603,472	$437,383,330	135	$2,518,314	$339,972,391	24.44%	3.38%
Others	3224	$716,240	$2,309,156,682	2965	$670,689	$1,988,594,244	8.74%	6.79%

CNDs	2003			2002			#change	$change
District	#sales	Avg. SP	Total sales $$	#sales	Avg. SP	Total sales $$
1	140	$610,644	$85,490,160	141	$573,786	$80,903,826	‑0.71%	6.42%
2	31	$592,497	$18,367,407	24	$598,745	$14,369,880	29.17%	‑1.04%
3	19	$500,283	$9,505,377	10	$495,600	$4,956,000	90.00%	0.94%
4	81	$424,847	$34,412,607	77	$380,269	$29,280,713	5.19%	11.72%
5	377	$639,065	$240,927,505	364	$599,215	$218,114,260	3.57%	6.65%
6	264	$564,630	$149,062,320	232	$526,677	$122,189,064	13.79%	7.21%
7	387	$864,272	$334,473,264	385	$817,527	$314,747,895	0.52%	5.72%
8	585	$617,410	$361,184,850	521	$714,990	$372,509,790	12.28%	‑13.65%
9	928	$544,933	$505,697,824	660	$507,701	$335,082,660	40.61%	7.33%
10	74	$398,454	$29,485,596	48	$343,795	$16,502,160	54.17%	15.90%
S.F.	2886	$612,823	$1,768,606,910	2462	$612,777	$1,508,656,248	17.22%	0.01%
D7	387	$864,272	$334,473,264	385	$817,527	$314,747,895	0.52%	5.72%
Others	2499	$573,883	$1,434,133,646	2077	$574,823	$1,193,908,353	20.32%	‑0.16%