Marina
Real Estate Statistics
2-Bedroom Condos
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Source: All statistics from the San Francisco Association of Realtors, Multiple Listing Service (MLS) |
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Marina vs. San Francisco, Median Selling Prices |
A 2-bedroom Condo in the Marina will normally cost ~$1.2 million - $1.3 million. This represents roughly a 50% premium compared with the San Francisco market median for the same property type. Prices in the Marina Peaked in Q4 of 2005, then peaked again in Q3 & Q4 of 2006 and then again in Q3 of 2007, where they stood at an all time high.
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* Figures current through June 30, 2009. |
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Average & Median Selling Prices Annually |
Prices in the Marina advanced aggressivly in 2004 and have been rising steadily since then. Prices for the most recent quarter are at an all time high.
However, prices in this category normally vary between $1 million to $1.5 million based on size, location, views, parking, number of bathrooms and other amenities. The cost per square foot chart below is very useful in further understanding individual property values.
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* Figures current through January 22, 2009. |
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Average Cost per Square Foot |
| A 2-bedroom condo will cost about $850 per square foot today. With the cost for new construction running in the area of about $300 per square foot, there is a powerful incentive for people to expand their properties in any way possible!
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* Figures current through January 22, 2009. |
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Unit Sales |
There has been an average of three properties sold per month in this category for the past decade (2.7 to be exact). This analysis was last updated in mid November 2007 when there were 3 two-bedroom condos for sale in the Marina. This is roughly 5-weeks of inventory based on the average rate of sales. Anything less than 10 weeks is considered a Seller's Market while more than 20 weeks is a Buyer's Market. To get the current level of inventory and then calculate how many weeks of supply this represents, follow these steps: |
Click "Custome MLS Search" on the main page of this site. Select "North (7)" on the Map. On the right panel select only the Marina. Scroll down and select Condos only and then set the bedroom specs to 2 for both minimum and maximum. Click "Search" at the very bottom and you will see the total number of current listings for sale.
Divide this number by 2.7 then multipley by 4.33 to get the current inventory measured in weeks.
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* Figures current through January 22, 2009. |
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