Janis Stone - 866-224-8024

Hello again!

The Real Estate market in San Francisco is moving right along. Sales for June increased over the previous month, and sellers are still seeing multiple offer situations. More homes have come on the market as expected, but the demand remains extremely high. As a result of increasing sales, this keeps inventories relatively low compared to the same time last year.

Kathleen Macdonald - 415-519-9861

More expensive expensive homes (over 1.5 million) are taking a little longer to sell. However, this is not unusual as there are less buyers for these types of luxury properties.

Now that summer is here, things are getting interesting in San Francisco Real Estate! Normally we see a slow down as buyers, sellers and agents go on vacation, but our CEO, Avraam Goldman predicts that things will be different this year. We'll see if he's right! So if you're thinking about selling NOW is the time!

Next month is the Coldwell Banker Elite Retreat in Colorado Springs where we get to meet the top producers from all over the world. So keep us in mind if you, friends or family need a referral in another area. Chances are we can give you the name of an Elite Realtor in that city who will give you the attention you deserve.

The July Market Update for June is available on our website. We included June 2004 sales figures to give you an idea on average of how San Francisco Real Estate is increasing in value!

Rewards for RE-ferrals

Congratulations to Raquel Lutz client of Larry Serda from the San Jose Alamden Coldwell Banker office. She was the winner of the $10,000 giveaway. Be sure and return those cards so we can have a winner from our office.

Congratulations to Hiroko & Chris Soper, clients of Janice Richardson from the Morgan Hill Coldwell Banker office. The Soper's card was drawn for the Fantasy Trip Giveaway to the Yasawa Island Resort, Fiji.

The San Francisco Giants have had a tough time of it lately, however, let's hang in there with them. They need our support! We have 2 tickets to each of the following games available for August!

Wed.     3-Aug 7:15pm   Colorado
Thurs.   4-Aug 12:35pm  Colorado
Fri.     5-Aug 7:15pm   Houston
Mon.    22-Aug 7:15pm   Philadelphia
Wed.    24-Aug 7:15pm   Philadelphia
Sun.    28-Aug 1:05pm   New York (Mets)
Mon.    29-Aug 7:15pm   Colorado
Tue.    30-Aug 7:15pm   Colorado
Wed.    31-Aug 12:35pm  Colorado

Please contact Mick@SFResidence.com if you are interested in any of the above dates. We really appreciate your referrals!!!

Interest Rates

Our trusted mortgage consultant, Jay Bransfield of All California Mortgage said in his July 1, 2005 update, "On June 30, 2005 the Federal Open Market Committee (FMOC) raised the Fed Funds rate .25% to 3.23%. The Prime rate now sits at 6.25%. The move was very much in line with expectations. General consensus continues to be that the FED will continue to hike rates in .25% increments at future Fed meetings until we are in range of 3.75% to 4% on the Fed Funds rate which translates to 6.75% to 7% Prime Rate. 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 home equity lines of credit (HELOCs) and credit card rates. Rates on 30-year mortgages have fallen to their lowest level in 15 months, providing more fuel for the booming housing sector, according to a weekly survey from financing giant Freddie Mac. Long-term rates 'drift' lower even as Fed hikes benchmark rates.

Jay also has more interesting information on our website.

Sales Activity

Listings:

1233-35 Union Street - Charming Edwardian style flats in a prime Russian Hill location. Identical spacious flats each have large living room with decorative fireplace, 1 bedroom, 1 bath, formal dining room, eat-in kitchens; 3 car garage, huge sub basement for potential development. Listed at $1,495,000

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. Reduced to $699,000

Pending:

2734 Buchanan Street - 2005 Showcase Home - Pacific Coast Builders Conference! Panoramic Bay and Golden Gate Bridge views! Perfect Pacific Heights location with an ideal floor plan! Listed at $4,950,000

526-28 30th Avenue - Central Richmond units - Upper unit is #526 and lower unit is #528. Each have 2 bedrooms with ample closet space, sunroom, 1 bathroom, large formal living room, dining area off the kitchen, 1-car garage and storage. This is a well maintained building. Listed at $1,150,000

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

363 Connecticut Street - This stunning TIC upper unit in a 2 unit building is on one of Potrero Hill's Prime northern slope blocks-1/2 block to trendy restaurants/shops. Double parlor and small bedroom are at the front of the unit. Down the hall are 2 newly remodeled baths, a bedroom., and a large country kitchen all remodeled with new appliances, cabinets, granite countertops, island & wine cooler. Off the kitchen is another bedroom. Landscaped garden and yard in back. There is 2 car tandem parking. for this unit, exterior storage & washer/dryer. Listed at $879,000.

Sold:

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 sold for $1,875,000

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 $895,00 sold for $960,000

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 sold for $485,000

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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