South of Market (San Francisco) Market Update for December 2007

The percentage of homes where the sales price has been *reduced* on the market in South of Market  (San Francisco) area: 30.3%. Recent sales stats for South of Market area as reported by the MLS:

Average	November 2007	December 2007	% Change
Asking Price	$980,823	$687,250	-29.9%
Sales Price	$968,882	$669,500	-30,9%
% of Asking Price	99%	97%	-2.0%
$/SQFT	$810	$703	-13.2%
Days on Market	47	69	46.8%
Total Transactions	17	16	-5.9%

All numbers are from the MLS and are deemed reliable but not guaranteed. *Market numbers as of 1/17/2008: 76 properties on the market with 23 showing price reductions. Days on market reflect number of days between listing date on MLS and close of escrow.

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