Janis Stone - 866-224-8024

Friends and Associates!

Despite this being the vacation season, the real estate market in San Francisco is still quite strong. Sales for July did drop from the previous month, and sellers are seeing fewer multiple offer situations, but sales are steady and selling prices continue to be well over 100% of the asking price. Demand for new homes remains extremely high which keeps inventories low. This could signal a great opportunity for a savvy seller.

Kathleen Macdonald - 415-229-1237 CEO of Coldwell Banker San Francisco Bay Area, Avram Goldman reports that real estate sales are moving along nicely, despite the predicted summer lull.

Later this month is the Coldwell Banker Elite Retreat in Colorado Springs where we get to meet the top producers from all over the world. Keep us in mind if you, or your friends or your family need a referral in another area. Whether buying or selling, the chances are we can give you the name of an Elite Realtor we know or have worked with in that city. We'll be sure everyone gets the attention they deserve.

The August Market Update for July is available on our website. We included July 2004 sales figures to give you an idea on average of how San Francisco Real Estate is increasing in value as well as an interesting article on the San Francisco "bubble" from November of 2003!

Rewards for RE-ferrals

Our next drawing will be held January 1, 2006. Rules and restrictions may be found on our website. We really appreciate your referrals!!!

Things don't look any better this month for the San Francisco Giants with Barry Bonds out for the rest of the year, however, it's still fun to go to the games. SBC Park is such a beautiful stadium, We have 2 tickets to each of the following games available for August and early September! Hurry, they are going fast!

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

Thurs. 8-Sep 7:15pm Chicago (Cubs)

Fri. 9-Sep 7:15pm Chicago (Cubs)

Sun. 11-Sep 1:05pm Chicago (Cubs)

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 August 1, 2005 update, "I'm hearing a lot of concern about why housing prices are so crazy and why some increases in interest rates haven't really impacted the California market place. Consider the effects of supply and demand on the market place. Over the last 15 years, demand for existing homes has grown by 114 percent and supply has fallen by 4 percent. For new homes over that period, demand has grown by 143 percent and supply has grown by 23 percent.

This past month of July hast not been the best for interest rates. There is an inverse relationship between Federally Backed Mortgage Security Bonds (FNMA) and interest rates. There were several factors that drove bond prices down and rates up. Recent jobs report, the granddaddy of all economic reports showed an increase of 207,000 jobs on an expectation of 180,000. Other factors were no signs of inflation and the Chinese devaluing their Yuan from the US Dollar. Does that mean that interest rates have gone way up? No! In fact, rates are roughly where they were a year ago."

Jay also has more interesting information on our website.

Sales Activity

Coming soon!

Russian Hill Condominium!

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

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

762-68 Bay Street - This is a dream garden cottage! Two-story cottage with surprise bay views that open into the fragrant tropical garden. Living room has a gas fireplace with an adjacent sunroom. Kitchen has slate countertops. Downstairs is a large bedroom with 4 closets, plus a bonus room that opens onto a secluded patio. Cedar-lined bath with whirlpool tub for 2, radiant floor heating, washer and dryer, parking. Listed at $925,000

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 $699,000

Sold:

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 for $1,482,000 - Buyer represented

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 for $888,000.

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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