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.

Another week of lackluster listings! Are people holding their properties off the market because of all the negative press? Could be. As we have stated before, less competition usually means multiple offers and more money because buyers are competing for a small pool of available properties. Truth be told, all the negative press about mortgage problems, foreclosures and real estate busts in other areas has made people nervous. We'll see what happens, but it could be that the market will not pick up again until next year.

Here are the numbers for this week: 10/3/07:

• 5 new listings (average price $1,579,200 - low $520,000, high $4,200,000)
• 11 ratified sales (pending) (average price $1,200,200 - low $699,000, high $2,349,000, 1 confidential)
• 8 closed sales (sold) (average price $1,513,000 - low $597,000, high $2,800,000)
• 1 withdrawn (confidential)

- Janis Stone

posted by SFResidence.com @ 3:41 PM