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.

It's apparent that when an office as high powered as ours has only 5 new listings, something is going on. Now you would think with this few listings it would mean we are having a bad market. But just the opposite is true. Prices remain strong and things are selling. We have buyers up the wazoo with nothing to show them.

The bad news just keeps coming from the media about the real estate market slump... which was pretty much created by them! Remember when the market was good and interest rates were practically zero? "The real estate bust is just around the corner." Now that things have slowed down, "It's going to last into 2009 for sure!"

Meanwhile savy buyers and sellers, the serious ones, continue to tune out the bad news and just go about their business. There has never been a better time to sell if your property is priced right.

Here are the numbers for this week: 10/17/07:

• 5 new listings (average price $1,289,200 - low $599,000, high $2,150,000)
• 6 ratified sales (pending) (average price $1,191,167 - low $699,000, high $1,850,000)
• 5 closed sales (sold) (average price $921,600 - low $478,000, high $1,350,000)

- Janis Stone

posted by SFResidence.com @ 11:21 AM