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.

Can you say inventory? Once again, the low number of listings is driving the real estate prices higher. For example, this week our office ratified 22 while only listing 9 new properties, and 2 of those were confidential! Is it any wonder that many homes are getting multiple and preemptive offers over the asking price?

While the rest of the country is experiencing a downturn in the real estate market, San Francisco is going just the opposite direction... up, up, up! Our President's weekly market report confirms what we have been saying... for weeks!

Inventory is unusually low for this time of year. These sales figures reflect a heavier than usual buyer representation for our office.

Here are the numbers for last week:

4/11/07

• 9 new listings (average price $2,086,285.71, 2 confidential - low $525,000, high $4,000,000)
• 22 ratified sales (pending) (average ratified price $1,180,978.64 - low $413,000, high $2,795,000)
• 6 closed sales (sold) (average closed price $1,572,000 - low $875,000, high $2,675,000)

- Janis Stone

posted by SFResidence.com @ 3:21 AM