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.

Last week's surge in new listings seems to have been a blip on the radar; hopefully a sign of what's coming as we move toward summer. But right now we are back to the situation we previously described; shrinking inventory with increasing demand are making purchase offers at or over the asking price the norm, even when there is not the competition of multiple offers!

While the rest of the country reports average to poor real estate markets, San Francisco continues to be HOT, HOT, HOT!!!

Here are the numbers for last week:

4/25/07

• 6 new listings (average price $1,890,333.33 - low $699,000, high $4,990,000, 1 confidential)
• 28 ratified sales (pending) (average ratified price $1,520,230.77, 2 confidential - low $429,000, high $5,850,000)
• 18 closed sales (sold) (average closed price $1,401,666.67 - low $375,000, high $3,700,000)
• 2 reduced ($849,000 & $899,000)

- Janis Stone

posted by SFResidence.com @ 4:55 PM