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 and has the market share numbers to prove it. 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.
Once again, last week there were many more ratified deals than new listings, indicating a shrinking inventory. In one week we had 3 times as many deals made than we did new listings. As we have said before, this indicates a surge in buying which will probably drive prices higher. We are seeing more and more properties end up in multiple offer situations. Agents are again getting comfortable with setting offer dates anywhere from 10 days to 2 weeks after putting their property on the market. This is another indication that sellers feel the San Francisco real estate stagnation has passed. Judging by the number of sales, so do buyers. Here are the numbers for last week:
2/14/07
- 5 new listings (average price $1,867,600)
- 15 ratified sales (pending) (average ratified price $1,022,692)
- 3 closed sales (sold) (average closed price $1,155,000)
- 1 reduced ($929,000)
- Mick Orton
posted by SFResidence.com @ 8:46 AM
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