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 the most elite agents selling real estate in the San Francisco Bay Area. As a result, our office posts some impressive numbers.

Once again this week shows strong numbers. The market numbers for April’s activity are also looking good with most categories of homes (single family, condo, TIC and Lofts) selling, on average, OVER 100% of the asking price. This usually happens where there are multiple offers. We can thank the low inventory for that. In other words there are more buyers than there are sellers. So if you have the idea that you want to sell, this is the market you have been looking for.

Here are the numbers the week of 5/2/12:

• 11 new listings (average price $1,514,727, low $599,000, high $3,825,000)
• 17 ratified sales (pending) (average price $1,788,938, low $279,950, high $6,388,000)
• 11 closed sales (average price $1,767,636, low $104,000, high $4,995,000)
• 1 Off Market Until Sept. ($1,495,000)