Below is Zephyr Real Estate’s sales data for the previous week. These are NOT properties that have closed, just listings on which a purchase agreement has been ratified and the property has gone into escrow.
Multiple offers are back up (way up) and offers over the asking price are back up too. We’re on par with sales compared to this time last year, which surprises me, because inventory is lower this year than it was last year. Overall, the San Francisco property sales are doing well, in spite of the drama across the country.
Here’s this week’s numbers, and check back next week to see how they change.
55% of sales received multiple offers
22% of sales sold under the asking price
14% of sales sold at the asking price
64% of sales sold over the asking price