Castro Statistics, Single Family Homes |
| Source: All statistics are from the San Francisco Association of Realtors, Multiple Listing Service (MLS). |
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Average & Median Selling Prices |
Notice that the vertical axis of this chart starts at $600,000 so you are really looking at the "top half" of the price chart in an effort to zoom in on the quarterly fluctuations. |
Prices hit an all-time peak in Q2 2007. Some of the variance is also related to the average size of homes sold from one quarter to the next, which is why the next two charts need to be considered in combination with this one.
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*Figures current through June 30, 2009. |
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Average Cost per Square Foot |
Single Family homes in the Castro normally command the between $700 - $900 per square foot. The cost per foot drops slowly as the size of a property increases. Expect to pay near the top of this range for small homes and near the bottom for large ones. This is a very typical "economies of scale" effect and is why many people say that you should buy the most home you can afford simply because you get more for your marginal dollar spent.
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With the cost for new construction running in the area of $250/sf, there is a poweful incentive for people to expand their homes if possible.
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* Figures current through June 30, 2009. |
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Unit Sales |
There was an average of 22 units sold per quarter over the last two years, or ~7.33 per month. This analysis was last updated in mid November 2007 when there were 10 SFR's for sale in the Castro. This is less than 6 weeks of inventory based on the average rate of sales. |
Anything less than 10 weeks of inventory is considered a Seller's Market. More than 20 weeks and it's a Buyer's Market. Click the link for Single Family Homes on the main page of this site to get the current number of SFRs for sale in the Castro at this moment.
Divide this number by 7.33 then multipley by 4.33 to get the current inventory measured in weeks.
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* Figures current through June 30, 2009. |
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Other Castro Statistics |
| Condo Statistics 2-Unit Building Statistics Return Home |
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