June 2, 2008 |
SFResidence.com | Newsletter Table of Contents |
I'm beginning to sound like a broken record, but the San Francisco market is still very strong, though we have seen a slowing of the pace at which sales have been happening. People are moving slower than molasses. As a result, days on market are a little longer than we are used to. But prices are holding steady as buyers and sellers seem to be more reasonable about the value of the homes.
Our monthly sales recap for May is now online at our website and the numbers show that our market is holding steady. We have been very busy, and this feels more like a spring market rather than a summer "pause".... maybe the buyers are finally realizing that San Francisco values will not go down significantly when they buy in a good, established neighborhood!!
To repeat from the last newsletter, the election coming up tomorrow, June 3rd, has a very significant item on the ballot. Proposition 98 is an important measure that would help reform rent control throughout the state. Rent control has been one of the many issues in San Francisco that has created an imbalanced market. It was originally created in 1979 as a TEMPORARY measure to help the elderly from being evicted in a time when large buildings were being converted to condominiums and inflation was on the rise. Now it has morphed into subsidized housing for anyone who stays in an apartment for any length of time. This measure could help put some sanity into a government program. So please read about it at http://www.lao.ca.gov/ballot/2008/98_06_2008.aspx and I urge you to vote YES on Proposition 98 and NO on Proposition 99. Remember, voting yes for both cancels out your vote.
As always, if you need an agent in another area 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.
Want
to 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.
Want to sit on the beach on the Big Island of Hawaii? We have 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. This condo is also on the market!
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 markets, it changes day to day!
Giants Tickets
The Giants are exciting again! Our tickets are in Lower Box 121 row 40, seats 5 & 6 which we love to share 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. And watch next month for the next set of games to
be released!
| Day: | Date: | Time: |
Team: |
| Fri. | 13-Jun | 7:15 | OAK |
| Sat. | 14-Jun | 6:05 | OAK |
| Tue. | 17-Jun | 7:15 | DET |
| Tue. | 1-Jul | 7:15 | CHC |
| Sat. | 5-Jul | 6:05 | LAD |
| Sun. | 6-Jul | 1:05 | LAD |
OAK= Oakland A's, DET = Detroit Tigers, CHC = Chicago Cubs, LAD = Los Angeles Dodgers
Sales Activity
| COMING SOON! | |
 |
Nob Hill 4 Units Charming 4 units with a dramatic 2 bedroom, 2bath (with loft) owner's unit featuring a light filled 2 story living room with fireplace & City views, other 3 units are all 1 bedroom units, 2 car parking. |
| COMING SOON! | |
 |
Near Fillmore Condo Contemporary condo just one block to trendy Fillmore Street shops and restaurants. This top floor unit has 2 bedrooms, 2 baths, fireplace, storage and one car parking. Great Value! |
| FOR SALE | |
 |
Russian Hill Home Contemporary, three story home with a fabulous roof terrace with views of the City and the Golden Gate Bridge, open floor plan, 4 bedrooms, 3.5 baths, den, south decks from every level, a large south garden, elevator and 3 car parking. |
| FOR SALE | |
 |
Dog Patch Condominium Chic, contemporary, loft style condominium. Dramatic high ceilings, a fireplace and sliding doors lead to private patio. Gourmet kitchen, one and one-half baths, in-unit laundry, and parking for one car. |
| FOR SALE | |
 |
Van Ness Condo Chic, contemporary loft style top floor condominium with stunning panoramic views of the City! Soaring 12' ceilings throughout, 1 bedroom, 2 baths, open living area with custom built in Murphy bed, desk & entertainment center, gourmet kitchen, island breakfast bar, hardwood floors, laundry, 1 car parking. Listed at $849,000 |
| SALE PENDING | |
 |
Nob Hill Condominium Elegant condominium in The Gramercy at the top of Nob Hill with sparkling views highlighting Grace Cathedral, Huntington Park and Nob Hill landmarks. This dramatic 2 bedroom and 2 bath northeast corner unit has been beautifully remodeled with high-end finishes. A rare opportunity, this unit has been combined from 2 original units and has 2 car parking. |
| SALE PENDING | |
 |
Bernal Heights Lot Great Opportunity to build your dream home on this large Bernal East Slope lot with Panoramic Views. Show your builders, architects, developers. East facing, extra wide, down slope lot with large flat area. Located across from a just completed, modern, multi-million dollar home. Buyer to take sole responsibility for determining the potential of this lot. Lot is located behind a fence. |
| SOLD | |
 |
Cow Hollow Condominium Gorgeous, light and bright 3 bedroom, 2 bathroom top unit in the heart of Cow Hollow. Hardwood floors throughout, large kitchen with stainless steel appliances and granite counters, opening to dining area and formal living room with fireplace; all facing toward the oversized view windows and balcony. Master suite with custom closet and remodeled bathroom with soaking tub. English style garden and deck with barbeque area, 2 car garage parking, storage and rooftop deck access with Golden Gate Bridge views. Listed $1,395,000 - Sold for $1,605,000 |
See you next month!
Janis Stone
"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.
