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.

Do we really have to say it again? Look at last week's market report from the President of Coldwell Banker San Francisco/Peninsula and you will see in the middle paragraph that multiple and preemptive offers are becoming the rule rather than the exception for San Francisco real estate.

Inventory is low, and continues to shrink. As pending sales outpaced new listings 2 to 1 in our office, we can't stress enough the importance of market timing to get the best price for your property. Just as we don't know how long interest rates are going to stay at historic lows, we can not predict when the market will become saturated with new listings making more competition for buyers and working to your disadvantage as a seller.

Here are the numbers for last week:

3/28/07

• 8 new listings (average price $2,195,250)
• 16 ratified sales (pending) (average ratified price $1,109,438)
• 14 closed sales (sold) (average closed price $1,389,107)
• 1 reduced ($599,000)

- Janis Stone

posted by SFResidence.com @ 7:36 AM