As much as I HATE short sales (I'll rant another time about my "run-in" with Chase yesterday), they are here to stay in many neighborhoods in San Francisco.
These are statistics from March of this year. The first two columns are single-family homes and the last one is condos. What is interesting is that whereas the percentage is about the same from early- to late-March, the total number is increasing. In fact, the number of SFR short sales has increased 14% in the past 3-4 months (since early December) and has been as high as 18% of total inventory recently.
Let me know if you have any comments or questions.
~Rebecca White
| MAR. 7 | MAR. 24 | |||||||||||
| 2009 | 2009 | |||||||||||
| SFR'S | SFR'S | CONDOS | ||||||||||
| SHORT | TOTAL # | PER CENT | SHORT | TOTAL # | PER CENT | SHORT | TOTAL # | PER CENT | ||||
| DISTRICT/ | ||||||||||||
| SUB- | ||||||||||||
| DISTRICT | ||||||||||||
| ONE | 1 | 3 | 0 | |||||||||
| TWO | 2 | 4 | 1 | |||||||||
| THREE | 13 | 50 | 26% | 11 | 51 | 22% | 6 | 10 | 60% | |||
| 3G | Ingleside Hts | 4 | 11 | 36% | 3 | 12 | 25% | 6 | 10 | 60% | ||
| 3H | Ingleside | 2 | 7 | 29% | 2 | 6 | 33% | |||||
| 3J | Oceanview | 5 | 16 | 31% | 5 | 15 | 33% | |||||
| FOUR | 5 | 65 | 8% | 7 | 75 | 9% | 4 | |||||
| 4H | Miraloma Pk | 1 | ||||||||||
| 4S | Sunnyside | 2 | 4 | 50% | 3 | 7 | 43% | |||||
| FIVE | 3 | 3 | 1 | |||||||||
| SIX | 0 | 0 | 1 | |||||||||
| SEVEN | 2 | 2 | 2 | |||||||||
| EIGHT | 0 | 0 | 5 | |||||||||
| 8F | VN/Civic Ctr | 1 | ||||||||||
| NINE | 3 | 4 | 27 | 388 | 7% | |||||||
| 9D | Mis Bay | 6 | 41 | 15% | ||||||||
| 9E | Potrero | 2 | 29 | 7% | ||||||||
| 9F | SOMA | 9 | 123 | 7% | ||||||||
| 9H | South Beach | 4 | 103 | |||||||||
| TEN | 57 | 145 | 39% | 56 | 141 | 40% | 7 | 39 | 18% | |||
| 10A | Bayview | 11 | 32 | 34% | 12 | 31 | 39% | 2 | 4 | 50% | ||
| 10B | CrockerAm | 6 | 15 | 40% | 4 | 11 | 37% | |||||
| 10C | Excelsior | 13 | 21 | 62% | 14 | 24 | 58% | |||||
| 10D | Out Mission | 4 | 10 | 40% | 3 | 11 | 28% | |||||
| 10E | Vis Valley | 8 | 10 | 53% | 6 | 15 | 40% | |||||
| 10F | Portola | 3 | 10 | 4 | 15 | 27% | ||||||
| 10G | Silver Ter | 4 | 10 | 5 | 16 | 31% | ||||||
| 10H | Mission Ter | 2 | 10 | 3 | 9 | 33% | ||||||
| 10J | Hunter's Pt | 0 | 0 | |||||||||
| 10K | Bayvw Hts | 6 | 11 | 55% | 5 | 9 | 56% | 2 | 21 | 9.50% | ||
| TOTALS | 87 | 570 | 15.30% | 90 | 616 | 15% | 52 | 1055 | 5% |
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I work with first-time buyers, seasoned homeowners and investors. Whether you want to buy or sell real estate in or near San Francisco, I will work both hard and smart for you! Short Sale Savvy.
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