California Association of Realtors just released its report for August 2009 real estate activity.

Calif. median home price - August 09: $292,960 (Source: C.A.R.) (note: compared to $285,480 last month)

Calif. highest median home price by C.A.R. region August 09: Santa Barbara So. Coast $828,750 (Source: C.A.R.) (note: compared to $885,000 last month)

Calif. lowest median home price by C.A.R. region August 09: High Desert $111,770 (Source: C.A.R.) (note: compared to $110,650 last month)

Calif. First-time Buyer Affordability Index - Second Quarter 2009: 67 percent (Source: C.A.R.) (note: compared to 69 percent First Quarter 2009)

Mortgage rates – week ending 9/24/09:

• 30-yr. fixed: 5.04%; Fees/points: 0.6% (note: compared to 5.12% and 0.7% points last report)
• 15-yr. fixed: 4.46%; Fees/points: 0.6% (note: compared to 4.56% and 0.7% points last report)
• 1-yr. adjustable: 4.52%; Fees/points: 0.6% (note: compared to 4.69% and 0.5% points last report)

- California Association of Realtors & Freddie Mac

Although still in negative territory, the annual rate of home-price decline improved last month in the 10-City and 20-City Composites tracked as one of the S&P/Case-Shiller Home Price Indices released yesterday.  The 10-City and 20-City Composites declined 12.8 percent and 13.3 percent, respectively, in July compared to the same month last year. All 20 metro areas showed an improvement in the annual rates of decline in July compared with the previous month.

“The rate of annual decline in home price values continues to decelerate and we now seem to be witnessing some sustained monthly increases across many of the markets” said David M. Blitzer, chairman of the Index Committee at Standard & Poor’s. “We do need to be cautious in coming months to assess whether the housing market will weather the expiration of the Federal First-time Buyer’s Tax Credit in November, anticipated higher unemployment rates, and a possible increase in foreclosures.”

Apparently there is a new website called WalkScore.com which rates properties according to their “walkability”.

Our new listing at 550 Davis #13 in the Golden Gateway Commons is rated a 100% “walker’s paradise”!

Go to the site and type in any address. The result will give you a walker’s rating score, plus highlight various restaurants, shopping and other features close to you. It’s a great new site and a feature we will begin to use for all our listings.

- Janis Stone – DRE 00517072

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.

Some new things this week. Apparently there is a new website called WalkScore.com which rates properties according to their “walkability”. Our new listing at 550 Davis #13 in the Golden Gateway Commons is rated a 100% “walker’s paradise”! Though it has nothing to do with our sales figures this week, I thought you would find it interesting.

As for our office’s sales figures… WOW! We had another great week with 8 new listings, 15 ratified deals and 14 closings! Discussion in our meeting seemed to indicate that buyers want the “jump” on the market. With the perception that the worst of the recession is over and prices are creeping up again, they feel we have reached our bottom and have begun buying. Our office has the lead in the San Francisco real estate market, and if you want that “jump” you would do well to contact one of our agents! As the number one listing agent for TRI Coldwell Banker in the month of July, think about calling me!

Here are the numbers for the week of 9/30/09:

• 8 new listings (average price $2,355,875, low $599,000, high $8,995,000)
• 15 ratified sales (pending) (average price $1,605,037, low $399,000, high $4,950,000, 1 confidential)
• 14 closed sales (average price $978,214, low $82,000, high $2,400,000)

- Janis Stone – DRE 00517072

San Francisco Association of Realtors – John M. Lee of Pacific Union International has been elected president of the San Francisco Association of REALTORS® for 2010. Bruce Lyon of TRI Coldwell Banker has been elected resident-elect and John Solaegui of Paragon Real Estate Group has been elected chief financial officer. The newly elected officers will serve one-year terms commencing on January 1, 2009.

John was president of the Chinese Real Estate Association of America (CREAA) in 2008. CREAA was founded in San Francisco in the 1970s and has grown into a national organization. It offers its members specialized education, promotes homeownership opportunities and acts as the voice of Chinese property owners in the political process.

John is currently the Chairman of the Board of the Chinese Real Estate Association and recently completed a term of office as a national director of the Asian Real Estate Association of America.

As a top-producer with Pacific Union International, John specializes in the sale of single-family homes, condominiums, residential apartments, and small commercial buildings. He belongs to the San Francisco Round Table, an exclusive real estate networking group consisting of top REALTORS® in the city.

John’s research work and comments are often cited in the San Francisco Chronicle and other local media outlets. Additionally, his monthly consumer real estate column is published in two local newspapers.

John earned a BS degree in engineering from UC Berkeley and an MBA degree in real estate and finance from UCLA.

Bruce Lyon, a native San Franciscan, has been associated with The Nierenberg Group and TRI Coldwell Banker since 1996. The Nierenberg Group has consistently been one of the top-producing real estate partnerships in all of San Francisco and Coldwell Banker’s Northern California region. Along with his business partner, Laurie Nierenberg, Bruce has specialized in the sale of single-family homes, condominiums and multi-unit buildings throughout San Francisco. Bruce holds a BS degree in political science from UC Berkeley.

John and the other officers and newly elected directors of the Association will be installed in office at a dinner event to be held in early January.

- SFAR

The State Bar of California has recently launched numerous investigations against attorneys for misconduct related to loan modifications.  In a rare move, the State Bar has released the names of 16 attorneys under investigation, by opting to waive investigation confidentiality in favor of public protection.  These attorneys have allegedly taken fees for promised services, but failed to perform those services or even communicate with their clients who face the possible loss of their homes.  Their non-attorney staff may also be under investigation for unlawfully practicing law.

Not all attorneys engaged in loan modifications are unscrupulous.  However, this announcement from the State Bar serves as a good reminder for REALTORS® and their clients to be careful when dealing with attorneys and others for loan modifications.  Scam artists may intentionally associate or affiliate themselves with attorneys in an attempt to lend credence to their fraudulent schemes.  The list of attorneys currently under investigation is available at http://calbar.ca.gov/state/calbar/calbar_generic.jsp?cid=10144&n=96395.

- California Association of Realtors

“The patient is out of intensive care, but still has a very long road ahead to a clean bill of health.” 

Those were the words last week from Fannie Mae Chief Executive Officer Michael Williams.  The CEO went on to say, “Anyone looking objectively at the economy and the housing market sees hope.”

Another good solid indicator of what I’ve been saying in my weekly updates.  The U.S. housing market still has a long road ahead but we are making some definite moves towards a housing recovery.  So what’s the challenge?  Well for starters, rising unemployment numbers aren’t helping.  The United States Department of Labor reported in its September 4 Economic Situation Summary that the number of unemployed persons increased by 466,000 to 14.9 million and the unemployment rate rose by 0.3 percentage point to 9.7%.  Just to give you an idea, since the recession began in December 2007, the number of unemployed persons has risen by 7.4 million, and the unemployment rate has grown by 4.8 percentage points.

We also need to couple that with the challenges in the mortgage industry.  Bloomberg reported, “The mortgage market is still dependent on government-affiliated programs, with private banks providing just 10 percent of loan liquidity, down from about 60 percent in 2006.  Fannie Mae and Freddie Mac are responsible for about 70 percent of all new mortgages, while the Federal Housing Administration accounts for about 20 percent.”

Before we can be truly reformed, we need to get into a position where there is more of a balance between private bank loans and Fannie Mae and Freddie Mac loans.  In all actuality, we probably won’t see that for some time.

Having said that, U.S. mortgage applications surged last week with demanding rising to its highest level since late-May as consumers sought to take advantage of the lowest interest rates in months, according to Reuters.

The Reuters article reported, “While home refinancing loans dominated demand, the appetite for applications to buy a home, a tentative early indicator of sales, hit its highest level since early January.  The overall trend bodes well for the hard-hit U.S. housing market, which has been showing signs of stabilization.”

The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications which includes both purchase and refinance loans, for the week ended September 4 increased 17.0 percent to 648.3, the highest level since the week ended May 29.

These are all very positive indicators that showcase that we are on the right track…it’ll probably be a slow track…but we’re on the right one.

Now let’s take a look at this week in real estate:

• East  Bay—Berkeley reported a slow week compared to our brisk start to September.  Castro Valley reported our local micromarket is full of challenges.  Not enough inventory, hungry buyers with lots of cash, Agents who must navigate the challenges of appraisal problems, short sale bank frustrations and stiff competition for limited inventory.  We are seeing more listings out there.  They are selling quick, though, often within a week or so of listing.  Danville reported a spurt of activity the first week of September and then it got quiet.  Inventory and sales activity is down both in our office and in our service area.  Fremont reported it seems that the recent Wall Street financial information has made buyers more comfortable and motivated to purchase now that prices are starting to increase and the first time buyer program is ending in November which is another motivator.  Walnut Creek reported sales activity has really slowed down.  Fewer REOs coming on the market though there is an increase of short sale listings.  Multiple offers on most every sale. Orinda reports lower attendance at recent open houses, but the Buyers who do show up are more serious and ready to make offers.
• Monterey County—REOs and Short Sales are continuing on at steady pace, but we are seeing more “traditional” sales than over summer.  We’re getting lower on inventory in the hot REO market of Seaside; however, we keep hearing that the release of a large number of REOs there is imminent.  With Labor Day holiday last week, our closings were weak, though had one over $1 million and one over $2 million, but had good week for new escrows.
• North Bay—Petaluma reported lots of movement in the $500,000 and above range. Under $300,000 continues to be a frenzy with double digit multiple offers. Cash is king.  Santa Rosa concurred noting, too, that cash was king though the Sonoma County market did also note that open houses weren’t as well attended last week as they have been in recent weeks.  Sebastopol reported lots of folks out despite the weather.  Good attendance in all price ranges but most offers remain in the low end.  San Rafael reported the market has slowed in the past few weeks.  Inventory is still low.  78 people came through a new listing held open for the first time in Novato in the mid $700s.  An offer came in the next day.  Greenbrae reported (San Rafael & Corte Madera) had two $1 mil properties come on for the first time last week and had multiple offers by Monday.  Activity not as robust as we hoped but lots of new properties coming on the market so perhaps buyers need a chance to digest the new investors.
• Peninsula—Menlo Park El Camino reports Agents are busy.  The job of being a real estate Agent right now is very hard but the Agents see some deals are being made.  Big loans are still like apparitions.  Menlo Park Santa Cruz Avenue reported good activity following the Labor Day Holiday.  One Hillsborough listing ($6,500,000) was ratified after one week on the market!  Redwood City-San Carlos reported open house activity has definitely picked up.  Buyers seem more ready to make offers.  Woodside reported Woodside and Portola Valley are extremely difficult markets (especially Woodside).  The price point is so high that buyers will not buy and those who are selling are only selling because they have to.  EX: just closed a house at $5.6 mil that the owners paid $13 million for in yr. 2000.  Very few homes on the market representative of the usual Woodside market.
• San Francisco—Lombard reported the number of houses going pending look OK but mostly entry level prices. Labor Day listing surge is happening in the City: 165 new listings entered. The lower the price the more offers. One REO we got in Hayward yielded 33 offers.  The Market Street office reported open house activity was brisk last weekend with 60 groups going through a listing in District 5.  2/3 of the ratified offers were for new construction where good deals are still to be had.  This week the only multiple offers came in on a short sale.  Prices varied from $300K to $940K.  The Noriega office reported Agent activities are high but it’s tough to get deals ratified.  Even after deals are ratified, it takes a lot of work and negotiations afterward to keep the deal alive.
• Santa Cruz—August was slower than 2008 in terms of number of sales and overall prices have dropped within the office about $100K since last year at this time.  Open house activity is still good and there continues to be a pent up demand for properties as the inventory levels remain low.
• Silicon Valley—Cupertino reported it’s busy and an ever increasing challenge getting those deals closed.   Los Altos reported activity is picking up as we head into the normal fall home buying season.   San Jose Willow Glen reported things are slowing up a bit. Open houses still draw a lot of crowds. A couple of the sales that have been turned in, have sold over the asking and it appears that the listing prices were set low to attract buyers.  Saratoga reported  a steady increase in average sales prices over the last six months. Instead of the sales consisting of REOs and Short Sales we’re seeing brisk sales activity up to two million.
• South County—Hollister reported we are seeing great opportunities in establishing client relationships with office floor calls and walk ins this past week.  Inventory is still low and first time homebuyers are struggling trying to secure a contract.  Some REO Listings have received up to 20 offers.  Morgan Hill reported the South County market continues its same scenario–lots of potential buyers and very low inventory.  This week the number of total listings in all of Morgan Hill fell to 125 units–an all time low.  Employing simple “supply and demand” economics, this situation should result in prices beginning to rise–though none of us has witnessed this phenomenon yet.

- Rick Turley

Foster Weeks publishes a weekly mortgage report which is updated every Monday morning. How is this affecting the San Francisco real estate market? Read our weekly and monthly market reports. Here’s what Mr. Weeks says about last week’s activity:

“BE WILLING TO MAKE DECISIONS.” General George Patton. And that’s exactly what the Fed did last week at their regularly scheduled Federal Open Market Committee meeting. But just what did they decide…and what do their decisions mean for home loan rates?

The Fed said they are going to ration out the remaining commitment of Mortgage Backed Security purchases through the first quarter of 2010. There will be no additional buying, but instead, a longer weaning off of the program. There was some speculation about the Fed increasing the amount of buying above the $1.25T committed to, and last week’s statement is the Fed’s nice way of saying “no.” They will not be buying more in quantity, but what they will do is attempt to provide a smoother transition to normal market conditions.

It is a given that once the Fed ceases its purchases, that interest rates will climb significantly higher…most likely back above the 6% area. So instead of a hard transition with a large bump in rates, the Fed is attempting to allow rates to gradually rise. This means that waiting to purchase or refinance will very likely mean a higher interest rate.

Their decision also means that the Fed’s remaining purchases will all be lower in quantity, as the remaining allotment for purchases will be spread over a longer period of time – and additionally, will not necessarily be spread out as evenly as their past purchases – which could lead to more volatility for rates in the near term.

In other news, Existing Home Sales and New Home Sales were reported slightly less than expected, but both reports continue to show signs of an improving housing market. The inventory of unsold existing homes fell to its lowest inventory level since April 2007, while the inventory of unsold new homes dropped to its lowest level since January 2007. While some of the decline in new home inventory may be due to builders constructing fewer homes – these reports indicate that the housing market is indeed showing signs of life.

Remember, with home loan rates still low – but slated to increase with the Fed’s recent decision – as well as a juicy tax credit for First Time Home Buyers that is going to expire on November 30th, it makes sense to get off the fence if you’ve been considering a purchase or refinance. Or do you have a family member, neighbor, friend or coworker who might benefit from getting some good home loan advice? I’m always glad to get your referrals, so simply let me know who I might be able to help.

Traders on the New York Stock Exchange are pondering whether Stocks have topped out. Also in the news, Durable Goods Orders for August unexpectedly fell 2.4% for the largest decline since January. The weaker than expected economic data helped fuel a rally in the Bond market and a late week improvement in home loan rates…while on the other hand, Stocks struggled, particularly with the increasing concerns of Iran’s construction of nuclear sites. This kind of geopolitical unrest is troubling on many fronts, and if the situation continues to escalate, it could have a big impact on both the Stock and Bond markets.

Read the entire article here.

- Foster Weeks

New Listings

Lake, $1,359,000. 2-4 Units
255-257 27th Ave, San Francisco
Bedrooms: – | Baths: – | Sq. Ft.: 3,240 | MLS#: 361820
This is a lovely Edwardian building bordering the Sea Cliff neighborhood of San Francisco. It offers two, two bedroom, one bath flats, each with sunrooms. Both units have been nicely updated, preserving their lovely gumwood period detail. Each unit has a LR w/fp, FDR, eat-in kitchen & W/D. On the… >> View more detail
Represented by: Richard Sarro
 
Central Sunset, $798,000. Single-Family Home
1475 22nd Ave, San Francisco
Bedrooms: 3 | Baths: 1.25 | Sq. Ft.: – | MLS#: 361871
One of the best homes on the market today. This one has a great location and is totally done. Formal dining room, living room with fire place. Great designer paint colors. New kitchen and remodeled bathroom. Breakfast room off the kitchen and a sun solarium off the kitchen and breakfast room. … >> View more detail
Represented by: Joost Van de Water
 
Central Sunset, $710,000. Single-Family Home
1610 27th Ave, San Francisco
Bedrooms: 2 | Baths: 1 | Sq. Ft.: 1,425 | MLS#: 361881
Charming center-patio home in Central Sunset. 1st time on market since 1952,this well-maintained hm offers a lovely formal living rm w/vaulted ceiling & corner frplc,formal DR w/crystal chandelier,eat-in kitchen,2large bedrooms & a split tile bath w/sep shower.The center patio has been beaut… >> View more detail
Represented by: Diane Onken
 
Inner Sunset, $1,295,000. Single-Family Home
316 Noriega St, San Francisco
Bedrooms: 4 | Baths: 3 | Sq. Ft.: – | MLS#: 361717
The interior was been remodeled in 1980 and reflects a contemporary style rather than Victorian. The 2 level owner’s unit has beaut. Bay & city views. The top level has 1 br,1 bath bathroom,cathedral ceilings and a spacious deck. The lower level has a step up kitchen positioned to capture the views… >> View more detail
Represented by: Carol Carruba
 
Inner Sunset, $599,000. Condo/Co-op/TIC/Loft
315 Noriega St #A, San Francisco
Bedrooms: 1 | Baths: 1 | Sq. Ft.: 843 | MLS#: 361544
Elegant Edwardian Flat quietly nestled 4 and a half blocks above the Inner Sunset bustle. Beautifully remodeled kitchen with walk-out access to private deck and landscaped garden. Spacious living room with fireplace and flexible floorplan. Remodeled bath, washer/dryer in the unit, + additional… >> View more detail
Represented by: David Ames
 
Sunnyside, $779,000. Single-Family Home
651 Joost Ave, San Francisco
Bedrooms: 3 | Baths: 1 | Sq. Ft.: – | MLS#: 361819
Welcome to your very own tranquil oasis overlooking the city hills. Effortlessly entertain in your living room w/ period details & wood-burning fireplace then move over to the formal DR for an intimate dinner party. Day dream in one of the two sizeable view BRs, one of which opens onto a deck. A… >> View more detail
Represented by: Chris Sprague
 
Noe Valley, $1,049,000. Single-Family Home
113 Valley St, San Francisco
Bedrooms: 2 | Baths: 2 | Sq. Ft.: – | MLS#: 361793
An elegant, lush refuge awaits those who are seeking and appealing Victorian home combined with the convenience of remodeled kitchen & bathrooms plus two bonus rooms and 1/2 bathroom down. Whip up the latest recipes from Food & Wine in your light filled, gourmet eat in kitchen. On those many sunny… >> View more detail
Represented by: Chris Sprague
 
Eureka Valley/Dolores Heights, $998,000. Condo/Co-op/TIC/Loft
278 Sanchez St #2, San Francisco
Bedrooms: 3 | Baths: 2 | Sq. Ft.: 1,700 | MLS#: 361877
Incredible full floor flat in a newer three unit building. Great space for entertaining. Remodeled kitchen and bathroom. One very large master bedroom with in suite bathroom with Jacuzi tub and separate shower. Two additional bedrooms for guests or office use. Open floor plan, lots of light. … >> View more detail
Represented by: Joost Van de Water
 
Eureka Valley/Dolores Heights, $719,000. Condo/Co-op/TIC/Loft
354 Sanchez St, San Francisco
Bedrooms: 2 | Baths: 1 | Sq. Ft.: – | MLS#: 361781
Think walkability (perfect 100 on the WalkScore scale), livability, and convenience! This condo is a serene oasis in the middle of everything. Come home to a welcoming living room, two bedrooms, a cozy media room (check behind the curtain for the ingeniously placed washer & dryer), and an eat-in… >> View more detail
Represented by: Matt Fuller
 
Hayes Valley, $599,000. Condo/Co-op/TIC/Loft
15 Laussat St, San Francisco
Bedrooms: 2 | Baths: 1 | Sq. Ft.: 888 | MLS#: 361775
Constructed in the early century yet recently renovated &condo converted full floor Victorian flat,high ceilings, an abundance of daylight through it?s many windows facing south, east and north. Nice size liv rm w/gas fireplace and original, refinished wood built-in mantle. 2 bedrooms. Gourmet… >> View more detail
Represented by: Dace Dislere
 
North Panhandle, $679,000. Condo/Co-op/TIC/Loft
747 Lyon St #3, San Francisco
Bedrooms: 2 | Baths: 1 | Sq. Ft.: – | MLS#: 361760
Park Your Porsche Here; you have a private garage! Delight in this stately & elegant 2 bdrm. flat as part of a 6 unit Edwardian bldg. Upgrades include fully remodeled kitchen & bath, in unit, private laundry room; marble hearth & gas frplc, a large storage unit as well as shared access to a sweet… >> View more detail
Represented by: Julie Reber
 
Financial District, $889,000. Condo/Co-op/TIC/Loft
25 Hotaling Pl #E, San Francisco
Bedrooms: 2 | Baths: 2 | Sq. Ft.: – | MLS#: 361812
Nine Unique Luxury Residences in the heart of historic Jackson Sq. Gold Rush-era bldg totally renovated & architect-designed resulting in comfortable luxurious interiors that are uniquely tied to history. Brick & timber unite with modern. Venetian Plaster accent walls, Brazilian teak flooring,… >> View more detail
Represented by: Ken Eggers
 
Inner Mission, $2,750,000. Condo/Co-op/TIC/Loft
1417 15th St, San Francisco
Bedrooms: 4 | Baths: 2.5 | Sq. Ft.: 8,200 | MLS#: 361651
Dramatic, Dramatic & Dramatic…8200sqft. of custom high-end living space! Originally designed and used as SF’s premiere photo studio. This property would be an incredible place to call home. Main level features formal entry, 20′ open beam ceilings, massive living area and one of the city’s largest… >> View more detail
Represented by: Darryl Honda
 
Inner Mission, $1,399,000. 2-4 Units
2977-2979 21st St, San Francisco
Bedrooms: – | Baths: – | Sq. Ft.: 2,302 | MLS#: 361757
Perfect live/work space! Artists & Business owners, you must see this building! First unit is a large commercial space with 2 front doors, water closet & huge on-street windows. Adjoining the commercial space is a one bdrm, 1 bath with direct access to the yard. Upper unit is spacious, on two… >> View more detail
Represented by: Bonnie Spindler
 
Potrero Hill, $1,199,000. Condo/Co-op/TIC/Loft
438 Kansas St, San Francisco
Bedrooms: 3 | Baths: 2.5 | Sq. Ft.: 1,945 | MLS#: 361811
1st time on market! This southern exposed, 2-level condominium features an open living/dining area, an impressive kitchen & guest half-bath. Also featured on the main floor a two-room master suite w/second fireplace, walk-out to private deck & lavish master bath (soak tub, dual shower-head shower &… >> View more detail
Represented by: Hallie Bradford
 
Potrero Hill, $899,000. Single-Family Home
1034 Rhode Island St, San Francisco
Bedrooms: 2 | Baths: 2 | Sq. Ft.: 1,076 | MLS#: 361829
Potrero Arts and Crafts home w/ Asian influences. This warmbelt location makes the front stoop sitting area feel very East coast, and overlooks this level block of Rhode Island St. Inside are two distinct levels which have excellent room separation and quiet areas for work/reading. Main lvl: LR w… >> View more detail
Represented by: Jas. Romeo Holloway
 
Potrero Hill, $659,000. Condo/Co-op/TIC/Loft
2212 23rd St, San Francisco
Bedrooms: 2 | Baths: 2 | Sq. Ft.: 1,400 | MLS#: 361822
Front stand alone house on lot in a two unit complex. 2 bdrms. 2 bas. on two lvls. of living space w/private deeded deck & garden. Upper lvl. liv. rm., bdrm. w/lrg. walk-in closet, office & library area, rmdled.huge country kitch. w/eat-in din. area, rmdled. full ba. w/walk-out access to garden… >> View more detail
Represented by: Susan Olk
 
Potrero Hill, $599,000. Condo/Co-op/TIC/Loft
1089 De Haro St, San Francisco
Bedrooms: 2 | Baths: 2 | Sq. Ft.: 1,088 | MLS#: 361809
2 bdrm. 2 ba. condo w3/westerly views of SF Hills & Twin Peaks! All new stainless steel appliances and granite countertops in kitch. Nice flowing floor plan w/open liv.-din.-kitch. Liv. rm. has wdbrning. firplace. Hallway leads to 1 bdrm. 1 ba. Mstr. bdrm. & ba. at rear of the unit overlooking… >> View more detail
Represented by: Susan Olk
 
Bayview, $265,000. Single-Family Home
1930 Jennings, San Francisco
Bedrooms: 2 | Baths: 1 | Sq. Ft.: 1,100 | MLS#: 361913
BANK OWNED!! Very spacious two bedroom, one bath home with dining area, kitchen and fireplace upstairs. Additional unwarranted bedroom, full bath, kitchen downstairs. One car garage. Great buy! >> View more detail
Represented by: Kevin Markarian
 
Inner Richmond, $489,000. Condo/Co-op/TIC/Loft
700 Cabrillo, San Francisco
Bedrooms: 2 | Baths: 1 | Sq. Ft.: – | MLS#: 360487
No Ellis Act, No Evictions. Remodeled 2 bedroom, 1 bath, eat in chef’s kitchen w/stainless appliances & granite counters. Central heat, in unit laundry, high coved ceilings, abundant storage, bright and spacious. 1 block to GG Park, mere steps to Safeway, and short walk to vibrant restaurants and… >> View more detail
Represented by: Todd Wiley
 
Forest Knolls, $549,000. Condo/Co-op/TIC/Loft
507 Crestmont Dr, San Francisco
Bedrooms: 2 | Baths: 2 | Sq. Ft.: 1,088 | MLS#: 361495
Amazing views over GGPark to the Pacific from this great lower condo in 2 condo bldg. There is a WB fireplace in the LR/DR which faces the double sliding glass doors to the wide west facing deck.The open kitchen has wood cabinets and a butcher block eat-in island that also enjoys the view.There are… >> View more detail
Represented by: Debbie Dells
 
Miraloma Park, $1,225,000. Single-Family Home
60 Agua Way, San Francisco
Bedrooms: 4 | Baths: 3 | Sq. Ft.: 2,494 | MLS#: 359682
Exquisitely remod. in 2002,4BR/3BA classic home on picturesque street in Old Miraloma, features excellent craftsmanship w/attn to detail and fine finishes. Main lvl offers lvg. rm w/marble frplc, FDR,guest ste w/full bath, chef’s kit/fam rm opening to lg. vu deck, perfect for entertaining! The… >> View more detail
Represented by: Diane Onken
 
Sunnyside, $820,000. Single-Family Home
426 Monterey Blvd, San Francisco
Bedrooms: 3 | Baths: 2 | Sq. Ft.: 1,882 | MLS#: 359321
MAKE AN OFFER – Gracious Victorian sits high on Monterey near Glen Park. This unique artistic home boasts 3 br/2 ba on two levels. First floor includes a large Family/Media Room, 1 full Ba w/Laundry and 1 Bedrm that walks out to the Front view Deck. On the second floor, an elegant Library; Living Rm… >> View more detail
Represented by: Karen Gan
 
Glen Park, $888,250. Single-Family Home
56 Harper St, San Francisco
Bedrooms: 2 | Baths: 2 | Sq. Ft.: – | MLS#: 360653
Great Value!! Charming view Victorian, on the North Face of Glen Park. Warm welcoming living room, city & Bay Bridge views decorative fireplace. The lovely formal dining room has an original leaded glass hutch, and cofferred ceilings. Spacious eat in kitchen opens onto a deck & small private garden…. >> View more detail
Represented by: Linda Saraf
 
Glen Park, $759,000. Condo/Co-op/TIC/Loft
126 Chenery St, San Francisco
Bedrooms: 2 | Baths: 1.5 | Sq. Ft.: 1,630 | MLS#: 358851
REDUCED $90K! Rare to find in Glen Park, this sparkling 7-rm, top-floor flat has a Marina style flr plan; spacious & open entertainment areas separate from private sleeping & study rms a remodeled Kitchen,FDR, full-span Living Rm w/frplc & views.2 BDRMS/1.5 Baths + a Sunroom opening to a deck & yard… >> View more detail
Represented by: Jas. Romeo Holloway
 
Eureka Valley/Dolores Heights, $1,865,000. Single-Family Home
850 Dolores St, San Francisco
Bedrooms: 4 | Baths: 3 | Sq. Ft.: 3,510 | MLS#: 359604
Stately & Spacious Dolores Heights Home ideally located just steps to the park & 24th St amenities. Elegant foyer, formal living and dining rooms. Remodeled chef’s kitchen, large bkfst rm opens to deck and yard. 2 Bdrms, full bath on main level. Grand staircase to master suite. Expansion potential… >> View more detail
Represented by: Michael Hopkins
 
Hayes Valley, $1,549,000. Single-Family Home
819 Haight St, San Francisco
Bedrooms: 3 | Baths: 1.5 | Sq. Ft.: 2,260 | MLS#: 359988
Just reduced. Great price for this stunningly renovated, painted lady set amongst 5 other beautiful Victorian homes on the border of Duboce Triangle & The Lower Haight. This beautiful home has maintained the original detail, soaring ceilings & spacious rooms. All three bedrooms are on the upper… >> View more detail
Represented by: Ken Eggers
 
Alamo Square, $1,109,000. Condo/Co-op/TIC/Loft
642 Steiner St, San Francisco
Bedrooms: 2 | Baths: 2 | Sq. Ft.: 1,596 | MLS#: 357509
Reduced! Lovingly restored, very spacious top flr unit. Marvelous period details&exquisite upgrades. Placed in the company of SF’s finest painted ladies, this Victorian brings past&present together. Stylish details everywhere: stained glass, moldings, medallions, brackets, wide hallways,… >> View more detail
Represented by: Bonnie Spindler
 
South of Market, $839,000. Condo/Co-op/TIC/Loft
1042 Minna St #1, San Francisco
Bedrooms: 3 | Baths: 3 | Sq. Ft.: 1,383 | MLS#: 360469
This bright 2 level condo features beautiful maple hardwood floors and recessed lighting. Spacious open floor plan with living/dining room plus a gas burning fireplace. Chefs kitchen w/granite breakfast bar, Jenn-Air range, Bosch dishwasher, Fisher&Paykel fridge & custom cabinets. Washer and dryer… >> View more detail
Represented by: Damon Knox
 
South of Market, $429,000. Condo/Co-op/TIC/Loft
37 Moss St, San Francisco
Bedrooms: 2 | Baths: 1 | Sq. Ft.: – | MLS#: 359948
Big reduction!!! No open house because of Folsom Street fair! Elegantly renovated Edwardian 2BR. Sunshine streams into the master bedroom and the kitchen that has surrounding glass windows. Many other stellar qualities create an especially cozy urban home.Amazingly central- near: SF MOMA, San… >> View more detail
Represented by: Tanja Beck
 
South Beach, $1,225,000. Condo/Co-op/TIC/Loft
650 Delancey St #414, San Francisco
Bedrooms: 2 | Baths: 2 | Sq. Ft.: 1,769 | MLS#: 358418
Dramatic Upper Level Corner Loft in SF’s Historic Oriental Warehouse. This historic landmark bldg, built 1867 was converted to 66 LiveWork lofts in 1996. This top floor, corner unit boasts one of largest floor plans w/ 2-levels, 2 bed, 2 bath + office/den & features soaring ceilings, exposed brick &… >> View more detail
Represented by: Mollie Poe
 
South Beach, $639,000. Condo/Co-op/TIC/Loft
88 Townsend St #222, San Francisco
Bedrooms: 1 | Baths: 1 | Sq. Ft.: 856 | MLS#: 359300
REDUCED! Moments away from transportation, fine restaurants, shops & AT&T Ball Park, this 1 PLUS DEN Condo is a winner.From the lovely & stylish lobby to the roof top deck w/views and BBQ, it is apparent that this is a very well maintained and desirable building. The unit boasts a KIT w/granite… >> View more detail
Represented by: William Kitchen
 
Visitacion Valley, $279,000. Single-Family Home
1359 Brussels St, San Francisco
Bedrooms: 1 | Baths: 1 | Sq. Ft.: – | MLS#: 361378
One bedroom fixer cottage with garage and bonus area below in the rear. LR & BR have hardwood floors, kitchen is tiled.Open Sunday, 9/20 2-4pm Deferred maintenance. 90 year old man passed away in home. Do not go out on deck off bedroom. >> View more detail
Represented by: Joan Loeffler

Back on Market
 
South of Market, $3,450,000. Commercial For Sale
235-237 9th St, San Francisco
Bedrooms: – | Baths: – | Sq. Ft.: 8,000 | MLS#: 349980
Great investment opportunity! 7% CAP! Great central SOMA location! Building has been recently renovated. Currently 100% occupancy with solid tentants, leases til 2012 w/3 yr option. Rear of building has parking for 6+ cars. Each floor is approximately 4,000.Sq.Ft.(not verified by agent) Note:… >> View more detail
Represented by: Darryl Honda

Open Houses for the weekend September 26-27

3224 Market St., $1,898,000
Open Sun 2:00-4:00PM
The Crown Jewel of the Castro. Italianate home on 1/2 acre with views. Don’t miss this magnificent home in a park like setting.
Pattie Lawton 415-309-7836

2775 Green St., $4,950,000
Open Sun 2:00 – 4:00PM
Incredible Value! Remod 3 lvl French Renaissance 5bd/4.5ba 1/ study, kit/fam rm, 3 fps, patio, terraced yard, 2car gar.
Nina Hatvany 710-6462
www.ninahatvany.com

3212 Baker St., $3,600,000
Open Sun 2:00 – 4:00PM
Just remodelled 4BR/ 3BA plus large library/ media room suite. Opened layout, large master bed/ bath, japanese garden, impeccable finish quality. A block from Palace/ Fine Arts and walk to everything.
Travis Pacoe 260-0480
www.3212baker.com

191 Maywood Dr., $1,998,000
Open Sun 2:00 – 4:00PM
Reduced! Dramatic, beautifully renovated 3BR/3.5BA home, lux. pvt master suite w/deck, large liv rm, frml DR, huge fam rm w/ wet bar, tiered garden, big garage. Ocean views!
Pattie Lawton 309-7836
 
1769 Broadway #11, $689,000
Open Sun 2:00 – 4:00PM
Come see this stunning unit! New Kitchen w/breakfast area, TOP floor Garden unit, 2 walk in closets! Spacious 1 plus bedroom w/ office, High ceilings, 1 car parking, SELLER FINANCING up to 100k!
Monica Pauli 902-9502
#1 condo sales agent 2008
www.broadway-condo.com

355 Buena Vista #108W, $559,000
Open Sun 2:00 – 4:00PM
REDUCED! 1BR/1BA w/ private walk-out patio w/ views to the East. New Carpets, customized closets, electric frplc, in-unit washer/dryer, 1-car pkg & strg. Pano view roof deck & doorman.
Marilyn Hayes 652-3537
www.marilynhayes.com

345 Maple St., $1,095,000
Open Sun 2:00 – 4:00PM
3BD/2BA condo steps from everything. Open floor plan and 1 car parking.
Ron Abta 595-7661
www.345Maple.com
 
1037 Filbert St., $849,000
Open Sun 2:00 – 4:00PM
Charming remodeled condo. WBPF, remodeled kit. & baths. 2BD/1.5BA walk-out garden. Walkscore=91!
Steven Clark 309-0003
 
280 Surrey, $825,000
Open Sun 2:00 – 4:00PM
Charming 2 bd/1 bth/2 PKG, beautiful remodel, gourmet kitchen, marble bath, GRDN, hdwd.
David Baskin 440-0001
 
292 Randall, $1,449,000
Open Sun 2:00 – 4:00PM
Fairmount Heights 4br/2ba w/decks & view. On 3 levels, Media rm, garage & yard.
Angelo Cosentino 298-9171

461 Roosevelt, $1,548,000
Open Sun 1:00 – 4:00PM
City & Bay view 3br/2.5ba master suite. Remodeled kit, Fplc. Decks. 3 car garage & yard.
Angelo Cosentino 298-9171
 
2845 Union St., $1,950,000
Open Sun 1:00 – 3:00PM
Beautifully rmdld 2 flr house-like condo. 3+ bedrooms, 2ba, family rm, So. dk & grdn, gar.
Joan Gordon 229-1245
www.2845Union.com
 
1835 Franklin #101, $629,000
Open Sun 2:00 – 4:00PM
Rmdld 2BR/2BA condo w/1 pkg. New granite & tile flrs in bths & kitch. New paint/carpet. Move-in. 24-hour drmn bldg. J. Hall 229-1351
 
1755 Filbert #1W, $1,095,000
Open Sun 2:00 – 4:00PM
New! Inviting, modern townhm., 2 lvl, 2 bd, 2 renov. bas., liv. rm. w/ fplc., skylites, bay vu prvt. roofdk., 1+ pkg.
Laurie Nierenberg 229-1265
www.isellsfhomes.com
 
1407 Montgomery #3, $1,595,000
Open Sun 2:00 – 4:00PM
1st Offer! Stunning Bay & Downtown views! Designer’s 2-level condo, 2BR, 2BA incl spacious MBR with expansive view terrace. LR/DR with view balcony, gourmet kitchen, storage, 2 car s/s garage.
Max Armour 290-6058
Monica Pauli 902-9502
www.sfproperties.com
 
53 Wilder #203, $749,000
Open Sun 2:00 – 4:00PM
2BD/2BA condo great room w/ fireplace. Hardwood floors, in unit laundry, large closets, balcony, elevator, parking.
Shaban Shakoori 518-9269
www.residentialsf.com

550 Davis #13, $1,998,000
Open Sun 2:00 – 4:00PM
Beautiful, corner townhouse, 3bd+den, 2.5ba, solarium, patio, deck, fireplace, park view, 1 car parking.
Janis Stone 866-224-8024
www.SFResidence.com

2415 Van Ness #302, $419,000
Open Sun 2:00 – 4:00PM
Beautifully done VIEW Jr. 1 bd condo, hdwd flrs.
Tim Farrell 229-1217
www.bridgetobridgehomes.com
 
1772 Vallejo, $7,900,000
Open Sun 2:00 – 4:00PM
The Burr Mansion, a restored City Landmark family home in a park-like setting w/mature trees & gardens on a triple lot. 5 BR, 4.5 BA, exquisite public rooms, gourmet kit, study, family, media/game & exercise rooms, wine cellar. Delightful guest cottage, 2 car s/s garage & driveway. Rare find!
Malin Giddings 531-5033
Max Armour 290-6058
www.sfproperties.com
 
433-435 31st Ave., $1,595,000
Open Sun 2:00 – 4:00PM
Lrg 3 story bldg. 5/3.5bath & 3/1.5bath. Open flr plan. Hdwd, fplcs. View roof dk. 2 car gar.
John Kirkpatrick 412-0559
www.johnkirkpatrick.com  
 
2222 Bay St., $2,450,000
Open Sun 2:00 – 4:00PM
Exquisite remodeled Spanish Mediterranean home in prime location! 3bd/3BA gorgeous gourmet kit, formal living room & dining room, family rm, lower lvl master suite that opens to private back yard. 2 car gar.
Nina Hatvany 710-6462 
www.ninahatvany.com
 
550 Lansdale, $849,000
Open Sun 2:00 – 4:00PM
Remod 2 lvl, 3bd/3ba. Hwd flr, fp. 2 car SxS pkg.
John Kirkpatrick 412-0559
www.johnkirkpatrick.com

229 Brannan, $1,175,000- $1,095,000
Open Sun 2:00 – 4:00PM
#2A – $1,095,000. One of a Kind 2BR/2BA over 2000 sq. ft. including 650 sq ft. private terrace.
#3A – $1,175,000. First open! 2BR/2BA approx. 1500 sq. ft. Bay Bridge views.
Paul Lobosco 225-5975.
www.TheLoboscoCollection.com

82 Rossi, $1,699,000
Open Sun 2:00 – 4:00PM
SFR currently used as 2 units. Lower lvl 2br/2.5ba + sunrm, fam rm. Upper lvl 2br/1ba. 2 car pkg
Bruce Lyon 229-1339
www.isellsfhomes.com
 
3014 California, $1,600,000
Open Sun 2:00 – 4:00PM
Lrg 3BD/3.5BA Lovely Victorian house in prime Pacific Heights!
Ron Abta 595-7661
www.3014California.com
 
1201 California, $525,000- $1,175,000
Open Sun 2:00 – 4:00PM
#1302 – $1,175,000. Big South Vu. Reduced! Gorgeous 2/2/FDR/Pkg. Make an Offer!
#606 – $499,000. Escape to Nob Hill! Big renov studio w/GGB VU & pkg. Historic bldg.
#407 – $525,000. Perfect City Hide-a-way! Now Available Furnished. Brkfst Room. GGB VU. Renov Studio
Pam Dubier 572-6520

2033 Leavenworth (D), $1,125,000
Open Sun 2:00 – 4:00PM
MAJOR PRICE REDUCTION! CHARMING BLDG/FAB LOCATION. SPACIOUS,RENOV 2/2/FDR. LOVELY PARTIAL BAY VU. HDWD. PKG. LOW DUES
Pam Dubier 572-6520
 
600 Chestnut St. #306, $739,000
Open Sun 1:30 – 4:30
2 bed / 2 bath corner unit with tons of light. Great roof deck too! 
Ron Abta 595-7661
www.600Chestnut306.com

3441 Clay, $1,369,000
Open Sun 2:00 – 4:00PM
3 bed / 2.5 bath    huge top floor flat with bonus attic.  Steps to Laurel Village!
Ron Abta 595-7661
www.3441Clay.com
 
170 King St., $619,000
Open Sun 2:00 – 4:00PM
Enter 177 Townsend FHA 3.5% dn avail! Large upgraded 1+/1/1 overlooks pool/spa/yd
Steven Clark 415.309.0003
 
363 Valencia #2, $649,000
Open Sun 2:00 – 4:00PM
Great Price! Over 1300 sq ft Loft Condo 1bd + den + office 2ba 2 lvl loft condo w pkg. mstr suite, FP, grt light, balcony,
Steve Gallagher 229-1206
www.sfsteve.com 

488 17th Ave., $1,225,000
Open Sun 2:00 – 4:00PM
Charming 3 bedrm & sunrm 2.5 remodeled hm. Fab    eat-in kit. gard. gar.
David Cohen 229-1226
www.488seventeenth.com
 
690 Market St., $4,995,000
By Appointment Only  
Ritz Carlton Penthouse
One of a kind! Dramatic loft-like two level 3500+ SF shell space provides a special opportunity to design and build your own world-class luxury penthouse atop of The Ritz Carlton Residences.  Views of Union Square, Russian Hill and the Bay.
Carol Goldberg 203-5525
 
1201 California #705, $1,095,000
Open Sun 2:00 – 4:00PM
Remod 2bd, 2ba w/GG, Bay & City vus, fab. open flr plan at the classic Art Deco Cathedral Tower.
Joel Goodrich 229-1374
 
136 10th Ave., $1,395,000
Open Sun 1:00 – 4:00PM
First Open! Charming 3 Bd/1.5 Ba/1 Pkg. Edw. home. Chef’s kit. open to most fab. family rm w/ fr.drs. to dk.& rear yard.  Bonus Rm., Strg.
Ann Heller 613-1848
www.136-10thAvenue.com
 
46 Sir Francis Drake, $2,450,000
Open Sun 2:00 – 4:00PM
NO SIGN, look for balloons! Beyond gated private drive & set far back from street, traditional 4BD/3.5BA hm w/top of the line chef’s kitchen, designer features & elegant details, great vu, lawns, patio,pool & bonus outbuilding.
Susan Hewitt 407-8349
www.46SFD.com
 
850 Powell #201, $779,000
Open Sun 1:00 – 3:00PM
Nob Hill doorman bldg. Ideal flr plan. Lg. LR, spacious 1BD/1BA. Hrdwd flrs, W/D.
John Kirkpatrick 412-0559
www.JohnKirkpatrick.com 
 
355 1st St. #S310, $280,000
Open Sun 2:00 – 4:00PM
BMR. The Metropolitan. Luxury 1bed/1bath condo. Deeded parking.
John Kirkpatrick 412-0559
www.johnkirkpatrick.com  
 
524 27th Ave., $425,000
Open Sun 2:00 – 4:00PM
2BD w/ lrg closets. Remodeled bath. 1 car pkg. Lrg remodeled kit. Lrg landscaped backyard. W/D.
John Kirkpatrick 412-0559
www.johnkirkpatrick.com
 
765 Market St. #27B, $1,250,000
Open Sun 2:00 – 4:00PM  
Four Seasons Residences
NEW PRICE! 1 BR w/east facing views.
Janet Krahling 518-5016
www.elevatinglifestyles.com
 
946 Elizabeth St., $2,599,000
Open Sun 2:00 – 4:00PM
Elegantly detailed view home w/ 4/bd/3.5bath, great floor plan, garden, frpl, 2 car pkg.
Mary Lace  229-1357 
www.marylace.com
 
623-629 Dolores, $439,000- $710,000
Open Sun 2:00 – 4:00PM
Stunning, totally rebuilt 1BR and 2BR TIC homes. Open plan layouts, beautiful contemporary finishes. Across the street from Dolores Park and walk to everything. Gorgeous!
Travis Pacoe 260-0480
www.623-629dolores.com 
 
38-38A Landers, $429,000-$479,000
Open Sun 2:00 – 4:00PM
1st OPEN! Sun 2-4. Remodeled 1BR/1BA condos in prime    Mission Dolores location. Walk through a serene garden to the unit.  Modern single galley kitchen with quartz counter tops, all new stainless steel appliances, NEW Bath has deep soaking tub &stone tiles.  Solid oak flooring, Leased pkg, w/d in unit. storage.
Monica Pauli 902-9502
www.landerscondos.com
 
345 El Camino Del Mar, $2,049,000
Open Sun 2:00 – 4:30PM
1st Open! Sun 2-4:30. Fantastically Renovated Home. 2 Lg BR + Master suite w/terrace & GG Bridge vus. Wonderful eat-in kit. 2.5Ba, sunroom/ office, FLR w/frplc, FDR, 2+ garage, BA & exercise rm down. Great value & a spacious hm.
Julie Ray 229-1268
www.345ElCaminoDelMar.com
 
2980 Privet Dr., $4,800,000
Open Sun 2:00 – 4:00PM
Elegant estate on .87 acres. Remod w/pano bay vus. 5BR/4BA, lib, media rm & guest suite.
Shaban Shakoori 518-9269
www.residentialsf.com
 
380 22nd Ave., $828,000
Open Sun 2:00 – 4:00PM
1st open! Top flr light filled unit in sm bldg. 4BDS 2.5baths. LG dining/ fam/living rm. LG master. Yd, pkg. Great closets. Low HOA dues. Walk to everything. Over 1900sf.
Lisa Wolfe 990-8769
 
1655 Greenwich, $699,000
Open Sun 2:00 – 4:00PM
1st open! Top flr corner unit in 4 unit bldg.Remd kit/ba,LG bd,dining rm& living rm w/frplc. 1 pvt. pkg,storage & low dues.
Lisa Wolfe 990-8769
 
1435 Bay #3, $550,000
Open Sun 2:00 – 4:00PM
Classic 1BR Quiet, sunny, garden views. Leased parking.
Steve Zakula 229-1286
 
20 Irving Dr., San Anselmo, $1,795,000
Open Sun 2:00 – 4:00PM
Sleepy Hollow Family Home 5br/4ba on 2 lvls Fabulous remod, lvl yrd w/vus & hot tub Walk to Clubhouse
Angelo Cosentino 298-9171