“San Francisco Property Sales and Prices Rebound in February”

…or so proclaims my venerable data-crunching guy at the REreport.  All the data is available and updated monthly under my  “Market Trends” tab, organized by MLS District, or city-wide, annual or monthly, single family or condo — it’s all available here.

This chart, from the lead-in page, shows unit sales and median prices for both homes and condos are up from Jan 09, but down year over year.

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But not so fast.  Much as I’d love to believe we’ve hit bottom, it’s hard to know whether this is anything more than the usual seasonal uptick in sales now that we’re coming out of the winter doldrums.  Here’s the chart for single family homes sales.  See those incredibly regular troughs right around Jan/Feb each year?  I’d say it’s way to early to declare a bottom. ...  Additional Details

Dataquick vs MLS: why the discrepancies?

In my October 27 blog discussing the Case-Shiller Index, I referred to Bay Area County stats from Dataquick that showed San Francisco’s median prices to be down 12.7% from a year previous (YOY) vs.  the 11.36% that I’d quoted in my October 23 blog.

The reason for the discrepancy?  Dataquick compiles its figures from the San Francisco County Recorder’s Office; my numbers come from the MLS.  Transactions like foreclosures or transfers between family members or between legal entities generally don’t involve agents or brokers so they don’t show up in the MLS.  They also tend to be at lower values because they are often at below market rates, so Dataquick’s numbers will always be somewhat lower than the numbers pulled from the MLS.  Thanks to Rick Campbell at the REReport for his quick response. ...  Additional Details