TRI Coldwell Banker San Francisco real estate statistics - last week in review
Our office at TRI Coldwell Banker at 1699 Van Ness in San Francisco is one of the premier offices in the City. We have some of the top agents selling real estate in the San Francisco Bay Area. As a result, our office posts some impressive numbers.In most of the pending sales below, buyers were represented. As you can see, there were only two new lisings announced at this week's meeting. If other offices in the City are seeing the same thing, then you could conclude that the real estate inventory is shrinking.
What could this mean to the market as a whole? Low inventory and high demand means that prices usually start to go up. We'll see what happens in the near future.
An interesting note. We attended a seminar and luncheon put on by the San Francisco Board of Realtors two weeks ago. The keynote speaker was an economist who told us that most of the real estate gloom and doom we see in the media is generated by the financial markets. In other words, they want your money in the stock and bond markets, not in real estate. Interesting, if this is true.
11/08/06
2 new listings (average listing price $1,550,000)
15 ratified sales (pending)
12 closed sales (sold)
3 reduced
- Mick Orton
posted by SFResidence.com @ 8:04 AM
0 Comments:
Post a Comment
<< Home