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.

Even though listings are down, look at the number of ratified deals below. If it sells in San Francisco, chances are our office is involved on one side of the deal or the other. It is being said that real estate leads the way to recovery so pundits are saying the worst of the recession is behind us. I am not so sure. With unemployment numbers continuing to rise, I don’t see where this will not come back to bite us, especially with the economic policies that are winding their way through congress. But we shall see. One thing is for sure; people want to live in San Francisco so homes here will always sell. But at what price?

Here are the numbers for the week of 10/14/09:

• 4 new listings (average price $3,110,500, low $499,000, high $8,995,000)
• 17 ratified sales (pending) (average price $972,163, low $339,000, high $2,795,000, 1 confidential)
• 7 closed sales (average price $1,473,143, low $300,000, high $2,925,000)

- Janis Stone – DRE 00517072