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.

Well, it's only a couple of more weeks before we will start seeing an upswing in activity. This week was very slow, which is to be expected at the end of summer. It probably is a combination of the uncertaintly in the stock market along with all the news with interest rates. Though these hysterical news reports have little to do with home mortgage loans, especially in San Francisco, the herd mentality sometimes kicks in and people wait to see how it all shakes out. There will be no report next week.

Here are the numbers for this week 8/22/07:

• 6 new listings (average price $1,721,333 - low $428,000, high $2,350,000)
• 5 ratified sales (pending) (average price $1,203,400 - low $459,000, high $2,800,000)
• 1 closed sales (sold) (price $400,000)
• 1 reduced (price $850,000)

- Janis Stone

posted by SFResidence.com @ 3:08 PM