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.

We can't say it enough... inventory! It's just not there. Properties are selling faster than we can get them on the market. In our meeting today, many agents have buyers needs with nothing to show them. As a result, the past several months have created an increasingly frenzied market which could spiral out of control if more homes don't come on the market this summer. Well just have to wait and see.

Here are the numbers for this week:

5/23/07

• 5 new listings (average price $1,774,600 - low $929,000, high $4,495,000)
• 18 ratified sales (pending) (average price $1,586,555.56 - low $285,000, high $6,300,000)
• 6 closed sales (sold) (average price $1,360,833.33 - low $470,000, high $3,500,000)
• 1 reduced ($729,900)

- Janis Stone

posted by SFResidence.com @ 1:28 PM