More Facts Ma'am
Oct
20
137 properties sold in the two weeks from October 3rd through October 16th:
Single Family Home Sold = 60
34 ↑ over Asking
4 ↔ At Asking
22 ↓ Under Asking
Condominiums = 64
26↑
15↔
22↓
2-4 Unit Buildings = 9
2↑
3↔
4↓
Source SFAR Multiple Listing Service
But that doesn’t really tell the entire story.
The questions you should be asking yourself, if you’re a true market watcher is:
1. HOW much over and under are they going for?
In most cases not a lot under; or over – with several exceptions on the ‘not much over’ camp.
2. Where are properties selling the most under their asking prices?
For instance almost half of the SFH (that’s Single Family Homes) that sold under their asking price – 10 to be exact – sold in District 10. More on Visitation Valley to follow in a later post which is a really cool ‘affordable’ neighborhood…caveat being affordable by SF standards, of course.
Finally there are also the few anomalies in the stats…3 of the properties that sold over their asking prices did so after they went through price reductions.
