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.

What's happening? It is apparent that people are listening to all the negative PR when it comes to the housing market, though it has not affected prices yet... only volume. It has been a long time since we have seen such little activity in a period that is usually humming right along. But listings are scarce as people seem to be content on waiting out the manufactured "crisis", at least manufactured here in the Bay Area.

The next time you hear something negative on the evening news about some real estate story, listen closely to WHERE the event is taking place. Foreclosures? House prices plummeting? I can almost guarantee you that it will not be happening in the Bay Area. Usually they pick some place like Texas or Florida where they have been having problems for a long time to do their stories and then air them here in San Francisco. Why would they do this? Because, if it BLEEDS it LEADS, i.e. bad news sells. The antidote? Investing for the long term!

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

• 4 new listings (average price $1,090,000 - low $520,000, high $1,295,000)
• 6 ratified sales (pending) (average price $2,262,333 - low $485,000, high $4,950,000)
• 5 closed sales (sold) (average price $992,176 - low $559,000, high $1,861,000)

- Janis Stone

posted by SFResidence.com @ 2:38 PM