TRI Coldwell Banker San Francisco real estate statistics - 1/24/07
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.Look at the numbers below and you can see that the number of ratified sales continues to outnumber the new listings. If this trend keeps up, inventories shrink. As this happens, we should begin to see more and more people competing for new homes by participating in multiple offer situations; this is what we are beginning to see. Once again market conditions show that low supply and high demand drives prices up. Watch and see what happens as the year rolls on.
Here are the numbers for this week:
11/08/06
- 2 new listings (average price $758,500)
- 11 ratified sales (pending) (average ratified price $1,423,125 - 1 confidential)
- 9 closed sales (sold) (average closed price $1,031,556)
- Mick Orton
posted by SFResidence.com @ 4:32 PM
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