Bon dia!
Last week was a slow one for closed transactions, a pretty typical pattern for the second week in the year, but combine a post-hangover week with a tighter than usual credit market, confused buyers and sellers, and decreasing prices and you’ll get 155% fewer sold homes versus the same time period in 2008. That sounds like a large decrease (one you may not want to digest with your morning coffee), but that’s because you haven’t yet read that we saw 415% fewer transactions than we did during the same time period in 2007.
If you would like to see the actual sales price for the properties listed, you must agree to the terms and conditions and ask…
| Single Family Homes | ||||
| Address | District | Asking $ | Selling $ | D.O.M. |
| 235 Dublin St | Excelsior | 499,000 | sign up | 63 |
| 1342 39th Ave | Outer Sunset | 566,000 | sign up | 17 |
| 394 Joost Ave | Sunnyside | 575,000 | sign up | 83 |
| 409 Myra Way | Miraloma Park | 578,000 | sign up | 50 |
| 220 Miramar Ave | Ingleside | 598,000 | sign up | 63 |
| 330 Paris St | Excelsior | 599,000 | sign up | 11 |
| 3071 Harrison St | Inner Mission | 674,900 | sign up | 34 |
| 136 Marston Ave | Sunnyside | 699,000 | sign up | 6 |
| 143 Madison St | Portola | 728,000 | sign up | 118 |
| 863 43rd Ave | Outer Richmond | 849,000 | sign up | 43 |
| 1111 Dolores St | Noe Valley | 1,099,000 | sign up | 48 |
| 1053 Shrader | Haight Ashbury | 1,295,000 | sign up | 29 |
| Condo/Loft/TIC | ||||
| Address | District | Asking $ | Selling $ | D.O.M. |
| 1460 Webster St #2 | Western Addition | 375,000 | sign up | 0 |
| 65 Cleary Ct #9 | Western Addition | 570,000 | sign up | 98 |
| 650 Chestnut St #307-B | North Beach | 779,000 | sign up | 18 |
| 4033 18th St | Eureka Valley | 825,000 | sign up | 99 |
| 4121 Cesar Chavez St |
Noe Valley | 998,000 | sign up | 60 |
| 2-4 Unit Buildings | ||||
| Address | District | Asking $ | Selling $ | D.O.M. |
| 1264-1266 Treat Ave | Inner Mission | 700,000 | sign up | 2 |
| 65-67 Ramona Ave | Mission Dolores | 1,200,000 | sign up | 80 |
| 1541-1543 Irving St | Inner Sunset | 1,290,000 | sign up | 32 |
dd
Seductively Sold [SF Schtuff]
7 comments
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January 12, 2009 at 5:27 pm
mortgage analyst
It is simply impossible to have sales drops of more than 100%. Another classic case of a Realtor PROUDLY displaying intellectual acumen for all to witness. What is it with these guys?
January 12, 2009 at 8:02 pm
Garrett
mortgage analyst–
either you’re an idiot or i didn’t create easy to read sentences, but what i meant was… in 2008, there were 155% more sales than there were in 2009 during the same week. in 2007 there were 415% more sales than there were in the same week.
but what it all really comes down to is that you’re an ass
i understand that you can’t take more than 100% away from 100%, so perhaps my english wasn’t tight, but i know with certainty, that my numbers are.
January 13, 2009 at 4:12 am
mortgage analyst
As you state, after being corrected, unless the number goes negative, it is impossible to take more than 100% away and have any sales. Since this is how the rest of the world understands percents, perhaps you can correct your numbers and English?
January 13, 2009 at 9:15 am
Garrett
mortgage analyst–
here is how i did my math, please help me if i’m doing something incorrectly.
in 2009 there were 20 sales
in 2008 there were 51 sales
in 2007 there were 103 sales
to get the percentage, i took the old value and subtracted it from the new value, then i divided by the old value. i multiplied that number by 100 and got a percentage.
thus…
51-20=31
31/20=1.55
1.55*100=155%
that means there were 155% fewer sales in 2009 versus 2008, correct?
January 13, 2009 at 4:00 pm
mortgage analyst
If you want to compare 2009 sales to 2008 sales, 2008 is the base figure. So, (20 sales in 2009)/(51 sales in 2009) is about 39% which is the percent of 2008 sales that 2009 represents. But you want the sales decline which is 1-39% or a little over 60% sales decline. The correct statement is that sales declined 60% from 2008 to 2009.
If you imagine your base year with sales of a 100, the math will be intuitive to you. For instance 2008 sales 100, 2009 sales 30, sales down 70%.
Also, your sentence above does not match the math you performed. 51-20 is the new value subtracted from the old value.
January 13, 2009 at 5:41 pm
Garrett
“Also, your sentence above does not match the math you performed. 51-20 is the new value subtracted from the old value.”
really? you sure about that?
51 (new value) and i subtracted 20 (old value).
so, by your math, you’re telling me that the percentage difference between 20 and 51 is 39%?
January 13, 2009 at 7:44 pm
mortgage analyst
20 is 39% of 51. The sales drop from 2008 to 2009 is a little over 60%, not 155% as you state.
The old sales value of 2008 is 51. The new sales value of 2009 is 20.
Honestly, you should speak to your broker or someone else and get some help before you post again. You seem to understand neither common English nor simple math.
But I bet you anything you can figure out 6% of anything in a split second.