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.

As you can see by the numbers, properties continue to sell very well. For months we have been reporting ratified sales outpacing new listings and this week is no exception. In our office, ratified deals were over 3 times the number of new listings. Needless to say, our normal summer market has still not arrived. This is good news for sellers bringing properties on the market since demand is high. Reports of multiple offer situations continue to be very common, thus driving selling prices over the asking price. This is true even for multi-million dollar homes! Though the media continues to say the economy is not doing well, our real estate market says otherwise!

Here are the numbers for last week:

5/23/07

• 5 new listings (average price $1,646,600 - low $849,000, high $2,795,000)
• 17 ratified sales (pending) (average price $1,339,882.35 - low $639,000, high $3,585,000)
• 15 closed sales (sold) (average price $1,478,366.67 - low $585,000, high $3,598,500)
• 1 back on market ($2,150,000)

- Janis Stone

posted by SFResidence.com @ 11:23 AM