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.

Summer's almost here and we are not getting the listings we normally do at this time of year. The general feeling is that interest rates might be giving people second thoughts, but we're not sure why that would be. Generally rising interest rates affects buyers who need to get a loan, not sellers who are putting the house on the market... But the number of listings is still unusually low as we approach summer (which officially starts tomorrow!). Our office manager made the claim today that almost every transaction in our office last week involved multiple offers, mostly because of the lack of inventory. This is good for sellers, but not so good for buyers. So if you are thinking of putting your home on the market, now might be the right time!

Here are the numbers for this week:

6/20/07

• 5 new listings (average price $2,526,200 - low $735,000, high $6,450,000)
• 14 ratified sales (pending) (average price $1,339,714 - low $580,000, high $3,485,000)
• 9 closed sales (sold) (average price $1,674,556 - low $702,000, high $4,000,000)

- Janis Stone

posted by SFResidence.com @ 11:22 AM