Here are some statistics on December 09 year over year home sales. Sales Activity is up from the previous December 36%. The median sales price was up 5.4%. Seems like the market is picking up a little bit - Kevin
According to DataQuick, recorded home sales volume in San Francisco was up 36.3% on a year-over-year basis last month (499 recorded sales in December ’09 versus 366 sales in December ‘08) and flat compared to the month prior. For context, December sales figures for San Francisco from 2004 to 2007 were 646 (2004), 612 (2005), 589 (2006), and 445 (2007) while the average November to December drop was 4%.
San Francisco's median sales price in December was $650,000, up 5.4% compared to December ’08 ($616,500) and flat compared to the month prior.
For the greater Bay Area, recorded sales volume in December was up 13.6% on a year-over-year basis and up 13.8% from the month prior (7,828 recorded sales in December '09 versus 6,889 in December ’08 and 6,872 in November '09), while the recorded median sales price rose 15.2% on a year-over-year basis, down 1.8% compared to the month prior. Continue to think mix.
As always, keep in mind that DataQuick reports recorded sales which not only includes activity in new developments, but contracts that were signed ("sold") many months or even years prior and are just now closing escrow (or being recorded).
NOTE: We’re watching (and were waiting) to see if the published DataQuick numbers for San Francisco in December 2009 will be "revised" as exactly 499 sales and a $650,000 median in both November and December could be more than a coincidence.
