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.

This week was not much different than weeks past. The market keeps churing along. As we’ve said before, multiple offers do not necessarily mean over asking price deals. Often it just means the seller can negotiate a little better price from the buyers by making multiple counter offers. Even so, we are seeing listings going for UNDER the list price, and there have been MANY price reductions. If you are a buyer looking for a deal, now is probably the time to pull the trigger on that purchase!

Here are the numbers for the week of 7/8/09:

• 2 new listings ($895,000 and $1,795,000)
• 11 ratified sales (pending) (average price $1,704,818, low $629,000, high $4,500,000)
• 9 closed sales (average price $1,445,889, low $530,000, high $4,350,000)
• 2 reduced $799,000 and $879,000

- Janis Stone