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SFResidence.com - Sophisticated San Francisco Living
Apr. 3, 2009
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Hello from Janis!

Our market figures for March show that things are beginning to pick up. While San Francisco has not been affected as much as the other parts of the Bay Area during this market downturn, the pace has begun to pick up over the previous month as we would expect for our spring market. Time will tell if this is a sustained rally, but it feels like people are finally starting to feel more confident about the market.  Of course, the low interest rates and the lower prices of all of the properties does help.  This is a fabulous opportunity for buyers.

Patience (and persistence) is a virtue.  That is what my parents taught me along with many other useful tools of how to cope when life's circumstances change.  These are good reminders that I incorporate into my advice to my clients.  Expectations need to change when a market changes. Unfortunately, instant results have been conditioned into our thinking over the past few years with all of the technology.  But we have forgotten that marketing times can be 3-6 months in a normal market and in a "stressed" market it can be 6-12 months.  If you are not patient you will be disappointed because your expectations do not match the the results. 

Buyers that do not "have" to buy do not feel any urgency to make a decision since they have not seen signs that the market is moving upward.  Right now the buyers see time is on their side so they wait.  But these interest rates will not stay low forever and the leverage that buyers have now will also change.  In my 34 years in real estate in San Francisco I have been through 3 other major market corrections.  And the one thing they all have in common is that eventually it changes and gets better.  This is a fabulous opportunity for buyers if they have the vision to see it. But it will not be this way forever!

Our March 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.

PERFECT FOR BOATERS! Know someone who needs a long term rental in North Lake Tahoe near Tahoe City? 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! However, interest rates have been very low for a long time. Now might be the time to take advantage of it!


Giants Tickets

We had a tremendous reaction to our offer of tickets which are in Lower Box 121 row 40, seats 5 & 6. We love to share them with clients and friends. If you are interested in any of the following dates, e-mail Info and let us know what date you prefer. THERE ARE AVAILABLE ON A FIRST COME FIRST SERVED BASIS. Once the tickets are gone, watch next month for the next set of games to be released!

Regular Season Starts

Day: Date:

Time:

Team:
Fri. 12-Jun 7:15 OAK
Mon. 15-Jun 7:15 LAA
Tue. 16-Jun 7:15 LAA
Fri. 19-Jun 7:15 TEX
Sat. 20-Jun 7:15 TEX

OAK = Oakland Atheletics, LAA = Los Angeles Angeles, TEX = Texas Rangers


Sales Activity
JUST LISTED  
123 26th Ave. - North of Lake Home with Cottage - $2,395,000

North of Lake Home with Cottage

Lovingly restored 4-bedroom, 3.5-bath home near the Sea Cliff gates with walk-out garden, legal self-contained studio cottage, garage, Golden Gate and Marin Headlands views, 2 wood-burning fireplaces.

Listed at $2,395,000

SALE PENDING  
745 Chestnut St. - Russian Hill Home - $1,099,000

Russian Hill Condominium

Contemporary, top floor, two bedrooms, two baths, open floor plan, living/dining room with vaulted ceilings fireplace, North Bay, Alcatraz and city views, private view roof deck, one car parking.

Listed at $1,099,000

COMING SOON  
Coming Soon! Another SFResidence!

Sunset Home

Dolger built and master suite added by owner,, this 3 bedroom, 2 bath home has views of the Marin Headlands and ocean from the top floor master suite which also has a deck.  There is a knotty pine room down and a large garage and yard.  First time on the market in over 34 years.  Showings will begin in mid April.

Listed at $895,000

SOLD  
624 29th St. - Noe Valley Home - $649,000

Noe Valley Home

Lowest Price in desirable Noe Valley. This five room Victoria fixer has roof top views.Buyer Represented

Listed at $649,000 sold for $575,000


See you next month!

  Janis Stone

SFResidence.com - Sophisticated San Francisco Living

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