lower mission CONDO - SEPTEMBER 2 0 2 4
MONTHS OF INVENTORY 6.9 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 18% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 91% VS 2023
▲ 63% VS 2023
▼ 12% VS 2023
▼ 6% VS 2023
There were 90 condo listings in Lower Mission in September, 9% below August and 91% higher than September 2023. September condo sales increased by 86% month-over-month, to 13, and were 63% above September 2023. The months of inventory for condos in Lower Mission, at 6.9, re&ected a balanced market. The condo median price in September was $395,000, a 8% decrease from August and 6% below September 2023. The average sold price was $404,182, 9% below last month; the average PSF sale price was $441, up 3% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
13 90
$535 $457,363 $422,450 5.9 8 47
-18% -12% -6% 18% 63% 91%
$429 $442,143 $430,000 14.1 7 99
3% -9% -8% -51% 86% -9%
$441 $404,182 $395,000 6.9
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
93
49
88
99
96
90
93
80
48
59
47
51
46
28
35 13
26
18
17
14
10
7
7
13
6
5
17
8
2
$560K
$493K
$465K
$453K
$445K
$435K
$436K
$429K
$429K
$430K
$422K
$395K
$333K
Sep-23
Aug-24
Sep-24
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET <5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● MONTHS OF INV.
10.6
50
4+ bdrms
40
8.0
30
3 bdrms
6
20
2.4
10
2 bdrms
10
59
0
3
<$200K $200K-399K $400K-599K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M+ MOI INVENTORY SALES 7 17 2.4 5 53 10.6 1 8 8.0 0 5 n/a 0 3 n/a 0 3 n/a 0 1 n/a
<2 bdrms
25
Copyright © 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of October 9, 2024. All data from Association of Interior Realtors & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 33 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online