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.

With all my years of experience, even I am sometimes surprised by the San Francisco real estate market. Typically this time of year, as we approach the holidays, the number of sales drops off. Given we are still in a deep recession with high unemployment, one would think sales would be tanking. Nothing could be further from the truth. In reality, sales are soaring. Could it be that buyers are seeing the end of the “drought” and are coming out of their shells to buy!

Here are the numbers for the week of 11/18/09:

• 2 new listings ($2,095,000 and $2,995,000)
• 17 ratified sales (pending) (average price $1,562,997, low $419,000, high $10,700,000)
• 11 closed sales (average price $1,469,545, low $435,000, high $4,800,000)
• 2 price reduced ($469,000 and $2,995,000)

- Janis Stone
DRE #00517072