Over the next week I’ll be putting up a series of 2010 year end stats, specific to the actual San Francisco market (see my yearly rant (s) regarding Case-Shiller’s ‘SF’). No predictions are being made that now is a good time to buy, or not, as I am a firm believer that if you are in the market, that is an individual decision; that and the more information you have to make your choice – the better.
Comparing 2010 to 2009, the market strengthened and sales went up in every property type except TICs. From 2007 to 2009, the total number of sales fell 23% (plus an approximate 15-20% decline in values). Now, house sales are almost back to 2007 levels; condo sales are 17% up from 2009 but still 14% below 2007; TIC sales are 62% below 2007; 2-4 unit buildings are up from 2009 but still down 28% from 2007; 5+ unit buildings recovered a bit but are still 34% below 2007.
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