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.

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:

IT’S A SHOWDOWN…THE BULLS VS. THE BEARS. But we’re not talking about the Chicago Bulls who were recently knocked out of the NBA playoffs. We’re talking about the Bull Market that Stocks have enjoyed over the past months…that is now slipping back lower.

So why are these animal terms used to describe action in the Stock market anyways? The terms “Bull” and “Bear” are used because of the way those animals attack. Bulls attack using an upward thrusting motion with their horns, and Bears attack by moving their powerful claws in a downward motion. So an upward market is termed a Bull market, while a downward market is called a Bear market.

Last week, Stocks saw a sharp thrust downward, with prices down more than 10% from their peak. But that doesn’t mean it’s a Bear market just yet. Instead, the drop can be seen as a “correction”, if prices recover and resume their uptrend. A correction can be quite healthy, and help a Bull market sustain its strength. But here’s the trick: if the market drops 20% from its peak, it’s officially considered a Bear market. That means every Bear market was once potentially just a correction. And so the debate rages on. Is this a good time to buy – because you believe it’s a correction and prices will move much higher? Or is this a time to sell, before the correction turns into a Bear market? The answer should become clearer over the next few days, as the market’s direction takes hold.

Waiting in the wings are Bond prices and home loan rates… A Bear market could help Bond prices and home loan rates improve a bit more, as some of the money from Stock sales finds its way into the Bond market, including Mortgage Bonds. On the other hand, a correction back to a Bull market will be at the expense of some of the recent improvements that Bonds and home loan rates have enjoyed.

The reality is, Mortgage Bonds have looked a lot like a lottery winner recently, since Bond prices really should be much lower, and home loan rates much higher. But Mortgage Bonds are catching every lucky break – from the situation in Greece…to the declining Euro…to the correction in the Stock market. It’s all going in the favor of Mortgage Bonds…for now. But the Bond market’s good fortune may not last very long – so be sure to give me a call if I can help explain the current rate situation, and how it might benefit you.

Read the entire article and see the graphs here.

- Foster Weeks

• $3,395,000 Pacific Heights 2940 Jackson Street 4 | 3.5 SFD 2 Sat May 22, 2 – 4
  Sun May 23, 2 – 4:30
• $2,995,000 Parnassus/Ashbury Heights 908 Ashbury Street 5 | 4.5 SFD 2 Sun May 23, 2 – 4
• $2,375,000 Noe Valley 1232 Sanchez Street 5 | 3.5 SFD 4 Sat May 22, 2 – 4
• $2,149,000 Noe Valley 4706 25th Street 4 | 3.5 SFD 2 Sun May 23, 2 – 4
• $2,025,000 Pacific Heights 2344 California Street 3 | 2 SFD 2 Sun May 23, 2 – 4
• $1,950,000 Pacific Heights 2043 Green Street 3 | 2 Condo 1 Sun May 23, 2 – 4
  Tue May 25, 10:30 – 12
• $1,950,000 Outer Richmond 117-119 Sutro Heights Avenue 2-4 units 2 Sun May 23, 1:30 – 4
• $1,850,000 Lower Pacific Heights 2777 Pine Street 3 | 2 SFD 1 Sun May 23, 2 – 4
  Tue May 25, 11:30 – 1
• $1,700,000 Lower Pacific Heights 2826-2828 Bush Street 2-4 units 3 Sun May 23, 1 – 4
  Tue May 25, 11:30 – 1, Sun May 30, 2 – 4
• $1,698,000 Cow Hollow 62-64 Pixley Street 2-4 units 3 Sat May 22, 1 – 4:30
  Sun May 23, 1 – 4:30
• $1,649,000 Russian Hill 890 Chestnut Street 4 | 4 Condo Sat May 22, 2 – 4
  Sun May 23, 2 – 4
  Tue May 25, 9:30 – 11
• $1,549,000 Russian Hill 2133 Leavenworth Street 2 | 2.5 Condo 2 Sun May 23, 2:30 – 4:30
• $1,474,000 Corona Heights 43-45 Uranus Terrace 3 | 3 2-4 units Sun May 23, 1 – 4
  Tue May 25, 12 – 1:30
  Wed May 26, 7:30 – 8:30
• $1,400,000 Haight Ashbury 2 Hill Point Avenue 3 | 4 SFD 1 Sat May 22, 1 – 3
  Sun May 23, 12 – 2:30
• $1,395,000 South of Market 601 4th Street #223 2 | 2 Condo 2 Sun May 23, 2 – 4
• $1,395,000 South Beach 200 Brannan Street #320 2 | 2 Condo 2 Sun May 23, 2 – 4
• $1,385,000 Lake 261 26th Avenue #1 4 | 4 Condo 1 Sun May 23, 2 – 4
• $1,375,000 Russian Hill 974 Broadway 3 | 3 Condo Sun May 23, 1 – 4
• $1,325,000 Noe Valley 453 Duncan Street 4 | 3 SFD 1 Sun May 23, 2 – 4
  Tue May 25, 12:30 – 2
• $1,275,000 Corona Heights 350 Roosevelt Way 3 | 2 SFD 2 Sun May 23, 2 – 4
• $1,199,000 Duboce Triangle 66 Belcher Street #2 3 | 2.5 Condo 1 Sun May 23, 2 – 4
• $1,175,000 Noe Valley 824 Douglass Street 3 | 1 SFD 1 Sun May 23, 2 – 4
  Tue May 25, 12:30 – 2
• $999,000 Hayes Valley 525 Gough Street #406 3 | 2.5 Condo 1 Sun May 23, 2 – 4:30
• $995,000 Russian Hill 935 Union Street 2 | 2.5 T.I.C. Sun May 23, 2 – 4
• $995,000 Central Richmond 367 31st Avenue 3 | 1.5 SFD 2 Sun May 23, 2 – 4
• $899,000 Cow Hollow 62 Pixley Street 2 | 1 T.I.C. 2 Sat May 22, 1 – 4:30
  Sun May 23, 1 – 4:30
• $899,000 Bernal Heights 122 Brewster Street 3 | 3 SFD 1 Sun May 23, 2 – 4
• $899,000 Inner Mission 1177 Alabama Street 3 | 2 SFD 1 Tue May 25, 5:30 – 7
  Sun May 30, 1 – 5
• $885,000 Lower Pacific Heights 2826 Bush Street 2 | 2 T.I.C. 1 Sun May 23, 1 – 4
  Tue May 25, 11:30 – 1
  Sun May 30, 2 – 4
• $875,000 Noe Valley 119 28th Street 3 | 2 SFD 2 Sun May 23, 2 – 4
• $859,000 Central Richmond 276 21st Avenue 3 | 2 Condo 2 Sun May 23, 2 – 4
• $839,000 Presidio Heights 3544 California Street 2 | 1 Condo 1 Sat May 22, 2 – 4
  Sun May 23, 1:30 – 4:30
• $829,000 Outer Parkside 2479 37th Avenue 3 | 1.5 SFD 2 Sat May 22, 1 – 4
  Sun May 23, 1 – 4
  Tue May 25, 1 – 2:30
• $828,000 Central Richmond 380 22nd Avenue #201 4 | 2.5 Condo 1 Sun May 23, 2 – 4
• $815,000 Lower Pacific Heights 2828 Bush Street 2 | 2 T.I.C. 1 Sun May 23, 1 – 4
  Tue May 25, 11:30 – 1
  Sun May 30, 2 – 4
• $800,000 Central Richmond 601-607 28th Avenue N/A | 0 2-4 units 4 Tue
  May 25, 11 – 12:30
• $799,950 Mission Bay 255 Berry Street #515 2 | 2 Condo 1 Sun May 23, 2 – 4
• $799,000 Cow Hollow 64 Pixley Street 2 | 1 T.I.C. 1 Sat May 22, 1 – 4:30
  Sun May 23, 1 – 4:30
• $799,000 Inner Sunset 1230 7th Avenue 3 | 2.5 Condo 1 Sun May 23, 1:30 – 4
• $795,000 Forest Hill Extension 85 Idora Avenue 2 | 1 SFD 2 Sat May 22, 2 – 4
  Sun May 23, 1 – 4
  Tue May 25, 1:30 – 3
• $785,000 Outer Richmond 119 Sutro Heights Avenue 3 | 2 T.I.C. 1 Sun May 23, 1:30 – 4
• $779,000 South of Market 74 Brady Street #11 2 | 1.5 Condo 1 Sun May 23, 2 – 4
• $769,000 Western Addition 1527 O`Farrell Street 3 | 2 Condo 1 Sun May 23, 2 – 4
• $715,000 Outer Richmond 117 Sutro Heights Avenue 3 | 2 T.I.C. 1 Sun May 23, 1:30 – 4
• $699,000 Inner Mission 3037 22nd Street #B 2 | 2 Condo 1 Sat May 22, 2 – 4
  Sun May 23, 2 – 4
• $699,000 Marina 3010 Franklin Street #4 2 | 1 T.I.C. 1 Sun May 23, 2 – 4
• $699,000 Sausalito 15 Willow Lane 3 | 2.5 Condo 2 Sun May 23, 1 – 4
• $698,000 Bernal Heights 160 Precita Avenue 2 | 1 Condo 1 Sun May 23, 2 – 4
• $629,000 Hayes Valley 201 Laguna Street #5 2 | 1 Condo 1 Sat May 22, 2:30 – 4:30
  Sun May 23, 2:30 – 4:30
  Tue May 25, 11 – 12:30
• $629,000 Cow Hollow 2701 Van Ness Avenue #302 1 | 1 Condo 1 Sun May 23, 2 – 4
• $599,950 Inner Richmond 256 3rd Avenue 3 | 1 T.I.C. Sun May 23, 2 – 4
• $598,000 South of Market 855 Folsom Street #113 1 | 1.5 Condo 1 Sun May 23, 2 – 4
• $585,000 Pacific Heights 2632 Fillmore Street #4 1 | 1 Condo 1 Sun May 23, 2 – 4
• $579,000 Pacific Heights 2971 California Street #3 1 | 1 Condo Sun May 23, 1 – 2:30
• $579,000 Outer Sunset 4520 Irving Street #2 2 | 2 Condo 1 Sun May 23, 2 – 4
• $575,000 Nob Hill 900 Bush Street #316 2 | 2 Condo 1 Sat May 22, 2 – 4
  Sun May 23, 2 – 4
• $549,000 Visitacion Valley 70 Tucker Avenue 2 | 1 SFD 2 Sat May 22, 1:30 – 4
  Sun May 23, 1:30 – 4
• $549,000 South of Market 249 Shipley Street #5 1 | 1.5 Condo 1 Sun May 23, 2 – 4
• $539,900 South of Market 74 New Montgomery Street #315 1 | 1 Condo Sun May 23, 2 – 4
• $519,900 Pacific Heights 2040 Franklin Street #1008 1 | 1.5 Condo 1 Sun May 23, 2 – 4
• $499,000 North Waterfront 220 Lombard Street #115 1 | 1 Condo 1 Sun May 23, 1 – 5
• $450,000 Outer Richmond 117A Sutro Heights Avenue 1 | 1 T.I.C. Sun May 23, 1:30 – 4
• $439,000 Diamond Heights 175 Red Rock Way #K212 1 | 1 Condo 1 Sun May 23, 2 – 4
• $399,000 Van Ness/Civic Center 77 Van Ness Aveue #702 0 | 1 Condo 1 Sat May 22, 1 – 4
  Sun May 23, 1 – 4
  Tue May 25, 9 – 10:30
• $399,000 Bayview 1369 Shafter Avenue 3 | 3 SFD 1 Sun May 23, 2 – 4
• $320,367 Sunnyside 370 Monterey Blvd. #313 1 | 1 Condo 1 Sun May 23, 2 – 4