Sep. 4, 2008 |
SFResidence.com | Newsletter Table of Contents |
With the release of our August statistics, it is easy to see that our market is a little sluggish. For the first time in a long time, average selling prices are under the average listing prices, indicating a great BUYERS market... But where are they? Sales volume was also off compared to this same time last year.
Even though it is the end of summer by the calendar, it is the beginning of "summer weather" in San Francisco. It is also usually the beginning of our active fall market. We are hoping for more inventory so that the buyers will feel like they have more choices. The buyers are out there looking but are slower to make an offer. That is a shame since the interest rates are low now and more likely to go up and when the economy improves, the prices can go up much higher. Why is it that when prices are going up 20% a year people fight to offer over the asking sometimes 20-25% more) and when there is a more balance market they sit on the sidelines and wait for the activity to pick up? I realize that it is a rhetorical question but I am still asking it! This is the best market we have had in years for buyers and they are waiting on the fence. The high end is not fence sitting. The good homes over $3,000,000 are selling very well. According to First Republic's Prestige Home Index San Francisco's index rose to an all time high and the values in San Francisco have recorded only a small decline since 2003. So the mantra for buyers should be-- buy now!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.
Know someone who needs a long term rental in North Lake Tahoe near Tahoe City? Our unit in 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. 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 bond markets, it changes day to day!
Giants Tickets
THE SEASON'S OVER! Here are the last of our tickets in Lower Box 121 row 40, seats 5 & 6. If you are interested
in any of the following dates, e-mail Info and let us know
what date you prefer.
| Day: | Date: | Time: |
Team: |
| Tue. | 23-Sep | 7:15 | COL |
| Thu. | 25-Sep | 7:15 | COL |
COL = Colorado Rockies
Sales Activity
| JUST LISTED | |
 |
Golden Gateway Commons III Rare offering! Spacious one level 2 bedroom, 2 bath with large, private patio. The living room has a wood burning fireplace and sliding doors to the private patio. A large master bedroom has a walk-in closet and access to the patio. 1 car parking. |
| JUST LISTED | Alamo Square charming 1 bedroom! |
| FOR SALE | |
 |
Nob Hill 4 Units Charming 4 units with a dramatic 2 bedroom, 2 bath (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. |
| REDUCED! | |
 |
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! |
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.
