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 which 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.

Ratified deals were 4 times the number of new listings which means we have the buyers! It also means that inventory continues to shrink as spring moves forward. With summer just around the bend, it could be a great time to list your property in order to increase your chances to get multiple offers.

California, and San Francisco in particular, tend to lead the nation as far as trends go, and our Realtor friends in other areas from Florida to Arizona are reporting increasing activity. If you are thinking of selling now might be the time to do so. Don't get lost in the inevitable flood of listings that are usual for the summer market!

Here are the numbers for last week:

5/16/07

• 5 new listings (average price $2,809,800 - low $849,000, high $6,300,000)
• 21 ratified sales (pending) (average price $1,580,600 - low $569,000, high $6,595,000, 1 confidential)
• 12 closed sales (sold) (average price $878,536.36 - low $503,000, high $1,600,000, 1 confidential)
• 1 reduced ($669,000)

- Janis Stone

posted by SFResidence.com @ 11:28 AM