Marina
Real Estate Statistics
All Single Family Homes
Source: All statistics from the San Francisco Association of Realtors, Multiple Listing Service (MLS)
Average & Median Selling Prices
There was a major price advance in 2001 followed by a pull-back and steadily rising prices ever since.
The price surge in 2007 is very dramatic and is a big departure from flat and declining prices elsewhere in the Bay Area and around the country.
However, prices in this category normally vary by +/- $750,000 based on size, location, views, condition, number of bathrooms and other amenities. The cost per square foot information below should help to determine individual property values.
* Figures current through January 22, 2009.
Average Cost per Square Foot
This chart helps determine the value of individual homes in the Marina. However, size alone is not enough. Location, condition and views will also have an affect on cost per foot and overall fair market value.
In 2007, the cost per foot rose above $1,000 for the first time. With the cost for new construction running in the area of ~$300 per square foot, there is a powerful incentive for people to expand their properties if possible!
* Figures current through January 22, 2009.
Unit Sales
The average rate of sales per month for single family homes in the Marina is 2.4 units based on the last eight years of data. This analysis was last updated in mid November 2007 when there were six SFR's for sale in the Marina. This is roughly 11-weeks of inventory. Anything less than 10 weeks is considered a Seller's Market while more than 20 weeks is a Buyer's Market. At 11-weeks, the market is more balanced and I expect a mild softening of prices after this year's dramatic run up.
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 Single Family Homes only. Click "Search" at the very bottom and you will see the total number of current listings for sale.
Divide this number by 2.4 then multipley by 4.33 to get the current inventory measured in weeks.
