// --> // --> San Francisco Real Estate - Residential: TRI Coldwell Banker San Francisco real estate statistics - last week in review

Thursday, February 08, 2007

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.

As you can see from the numbers below that listings are still scarce. However, ratified deals are plentiful. As we discussed, these dynamics lead to high demand, low supply which in turn leads to multiple offer situations and over asking price preemptive offers (offers made before the offer date and well over the asking price in hopes of avoiding a bidding war.)

2/7/07
  • 2 new listings (average price $1,145,000)
  • 17 ratified sales (pending) (average ratified price $1,361,076)
  • 8 closed sales (sold) (average closed price $1,103,000)
  • 1 reduced

- Mick Orton

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