The statistics from February show a surprising jump in activity. Usually this is a very slow month, and our numbers drop. This has a lot to do with the weather, the fact that we have not reached our spring market yet so there is little to sell and because it has the fewest days in which to make a deal.

So imagine our surprise when the numbers for February showed signs of life! Days on market dropped in most of the categories we track. And most of the condo statistics were relatively strong. Selling prices are still below listing prices so we know there are deals to be had. It will we interesting to see what March brings.

Many buyers and agents (and everyone) have been waiting to see the "rescue package".  Well, now it is here and there are some very good incentives, especially for first time buyers.  Not only are prices down but there is also a tax credit of $8000 for first time buyers!  With the rents in San Francisco so high and the prices of condos and homes so low and a tax credit, I am surprised that there is not more activity on the listings.  It is time to get over the fear of what might happen tomorrow or at the end of the year.  Remember, the acronym for FEAR is: False Expectations Appearing Real. Think about it, do we ever really know what will happen tomorrow? With the interest rates low, the tax credit in place and the conforming loan limit raised, what better time to buy a home? If this stimulus package does work as hoped, by the time the fearful ones realize it the prices will have begun to rise and the best opportunity will be missed(or at least be more costly). 

Our February market report is now online at our website.

MOVING? KNOW SOMEONE WHO IS? Remember, we know GREAT AGENTS to whom we can refer with confidence. We have already sent some happy buyers and sellers outside of San Francisco. So if you or someone you know needs to buy or sell property somewhere else in the country, keep us in mind. In return for the lead, we'll give you a chance to win our Rewards contest for a weekend in Tahoe.

Know someone who needs a long term rental in North Lake Tahoe near Tahoe City after April 2009? Our unit at the LAKEFRONT complex, St. Francis Lakeside Condominiums is a 3 bedroom, 2 bath ground floor condo with a lovely wooded outlook. The kitchen has been upgraded with new counter tops and appliances. We are looking for reliable tenants to rent either fully furnished, or vacant. Includes off street parking and amenities like pool, spa, tennis courts and direct beach access. Close to the Marina Launch, this spot is perfect for someone with a boat. We're offering a referral fee for bringing us the right person or persons!

Need to get away??? Vacation in North Lake Tahoe? We have a Lake View condo -- a lovely 2 bedroom, 2 bath condominium available for rent in Tahoe City at Tahoe Marina Lodge, a lake front complex. This unit has panoramic lake and mountain views yet is within walking distance to shops and restaurants. Tahoe is an excellent place to get away from the fast pace of city life and enjoy nature. This is the condominium we use for our Rewards for RE-ferrals.

Need to get even further away?? Sit on the beach on the Big Island of Hawaii by staying in a fabulous 3 bedroom, 3 and 1/2 bath beach front condo at Kolea in the Waikoloa Beach Resort on the Big Island available for rent with ocean views and steps from the "A" Bay beach. Kolea is a gated community close to all of the amenities of Waikoloa-- swim with the dolphins, golf, swim, snorkel or just enjoy the sun. Send us an e-mail or call for details on special rates!

Interest Rates

See what Foster Weeks says every Monday about interest rates in his weekly newsletter and on Blog. With all the turmoil in the stock and bond markets, it changes day to day!

Giants Tickets

Our Giants Schedules will be going out this week. If you would like extras for family or friends, send an e-mail to info@sfresidence.com and tell us how many you would like.

"The nicest compliment you can give us is to refer others within your circle"
Toll Free (866) 224-8024

If you are a Realtor, by opting out you will be removed from our referral network.

Back to home page | Back to newsletter table of contents