Friends and associates!

Janis Stone - 866-224-8024

The spring Real Estate market in San Francisco has gone into high gear. Even as more and more homes come on the market, the demand remains extremely high. Multiple offer situations still happen, but are not as common as they were earlier in the year. So as the momentum shifts, homes are sometimes not receiving multiple offers or selling for as much as expected.

Kathleen Macdonald - 415-519-9861

Now we're not to saying that multiple offers don't happen anymore or that properties never sell for WAY over the asking price. However, what we usually find in this situation is that the listing agent has placed the listing price below comparative market value. Like anything else, the appearance of a bargain generates a lot of interest so that a lot of the people competing for these "deals" have lost out on several homes previously, so they are hungry to buy. Our 30 plus years of experience allows us to get a reasonable picture of what will happen with the home your are selling or buying.

Now that we are officially launching into the summer months, things should get interesting in San Francisco Real Estate! If you're thinking about selling NOW is the time!

The June Market Update for May is available on our website.

Rewards for RE-ferrals

This is the last month for your chance to win the next drawing for the trip to Waikoloa Colony Villas on the Big Island of Hawaii which will be held July 1, 2005. Rules and restrictions may be found on our website. We really appreciate your referrals!!!

We have the 2 tickets to each of the following games available for June and July!

Wed.   22-Jun 7:15pm Arizona
Tue.    5-Jul 7:15pm Cincinnati
Wed.    6-Jul 7:15pm Cincinnati
Thurs. 7-Jul 7:15pm Cincinnati
Mon.   18-Jul 7:15pm Atlanta

Please contact Mick@SFResidence.com if you are interested in any of the above dates.

Interest Rates

Our trusted mortgage consultant, Jay Bransfield of All California Mortgage said in his May 26, 2005 update, "This past week the minutes from the Fed's May 3rd meeting failed to generate any big surprises. General consensus on the minutes is that the FED will continue to hike rates in .25% increments at future Fed meetings until we are in range of 4% on the Fed Funds rate which translates to 7% Prime Rate. This is a modest positive for the economy. Keep in mind, that 30 year mortgages are roughly where they where for the last year or so and the move in Prime will have more of an impact on second mortgages and credit card rates.

Jay also has more interesting tidbits on our website.

Sales Activity

Coming Soon:

Exciting Pacific Heights Home - Yes, it's really coming!!!
2005 Showcase Home - Pacific Coast Builders Conference!
Panoramic Bay and Golden Gate Bridge views!
Perfect Pacific Heights location with an ideal floor plan!
More details on this Pacific Heights Home coming soon!

Listings:

1747 Jones Street - Charming 1908 Edwardian top floor condo with 3 bedrooms, split bath with Waterworks fixtures, chef's kitchen with Viking range, living room with ornate fireplace, wood floors, lovely details, laundry room, huge storage, shared garden and patio and leased parking. Listed at $895,000
1907 Leavenworth Street #8 - Vintage Edwardian-style building on one of the best blocks of Russian Hill offering classic San Francisco architectural detail. Quiet setting at the rear of the building, this unit has two bedrooms, one bath, living room with fireplace, formal dining room, large kitchen, hardwood floors & storage room. Listed at $795,000

Pending:

1700 Gough Street, #104 - Quiet one bedroom, one bath lower Pacific Heights condominium in a modern building with one car deeded parking. Listed at $398,000
44 Lurmont Terrace - A charming gem on Russian Hill has been lovingly restored and loaded with upgrades to delight the most discerning buyers. An exquisite renovation of this cozy 2 bedroom hideaway with den and office. Details include marble showers and bathrooms, hardwood floors and a flood of recessed lighting throughout the house. A gourmet cook's kitchen provides the finest appliances featuring a 4 burner Viking range with BBQ and a full size Sub Zero refrigerator and granite countertops. Coit Tower views. Listed at $1,795,000
1766 Jackson Street - A spectacular 2 story, 3-plus Bedroom, 3 bath condominium with a large backyard and garden and one garage parking space. Hardwood floors throughout, completely remodeled, new baths, new kitchen, ample storage, Washer and dryer. Listed at $1,500,000

Sold:

2211 Broderick St. #3 - Located in classic 6-unit building with beautiful Beaux Arts façade, this light and bright 2 bedroom condo features period details including hardwood floors, molding and wainscoting. Living room has French doors to an ornamental balcony. There is a formal dining room. Remodeled kitchen has granite countertops and ample storage. Master bedroom has French doors leading to the ornamental balcony. Second bedroom has a private deck. The bathroom has been remodeled. There are hardwood floors throughout. Building has a landscaped common garden. 1-car garage parking. Great Pacific Heights location. Listed at $995,000
2650 Diamond St. - Charming Glen Park Village Home. Enjoy living in a great house located steps from shopping, dining and Bart station. This house has great attention to details. The garden is magnificent. It is very clean and ready for you to move in. Make this your new home! Listed at $849,000

See you next month!

Janis & Kathleen

"The nicest compliment you can give me is to refer others within your circle"

Toll Free (866) 224-8024

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