San Francisco Real Estate - Residential

TRI Coldwell Banker San Francisco real estate statistics - last week in review

SFResidence is part of the TRI Coldwell Banker office 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.

For weeks now we have been talking about the effects of the shrinking inventory on the market as pending sales continue to outpace new listings. The results are becoming obvious as more and more multiple and preemptive offers are being seen. If what is happening in our office is indicative of other brokerages in the City (and we think it is) then now might be a good time to consider putting your home on the market if you have been ready to sell.

The real estate market is much like the tide that goes in and out continually. Right now the tide is coming in after the brief cooling period. And with the rising tide come many opportunities. Will you act now while you have low inventory on your side, thus having less competition for the buyers? Or will you follow the crowd and be waiting out the summer along with the other people trying to sell their properties? Think about it.

Here are the numbers for last week:

3/7/07

• 7 new listings (average price $1,507,429)
• 19 ratified sales (pending) (average ratified price $2,049,368)
• 18 closed sales (sold) (average closed price $846,533)

- Janis Stone

posted by SFResidence.com @ 7:06 AM