Nov. 3, 2008 |
SFResidence.com | Newsletter Table of Contents |
Starting this month we are going to break out our market statistics to give a bit more detail. Single family homes will be broken down into those under $2M and those $2M and over. The second category will now be broken out into 4 separate items; condos, lofts, co-ops and tenancy in common. We hope this more accurately reflects what is selling and what is not.
Surprisingly, the San Francisco market is still quite strong though we are seeing a bit of a slow down. Logic dictates that if buyers are not comfortable with multiple offer bidding situations, you would think that NOW is the perfect time to buy. There are not a lot of other buyers out there to complete with, and properties that on the market are for sale because the owners probably have to sell for one reason or another. Chances are they are highly motivated to sell, and this might be the time to get a good deal. But for some reason, probably the inconsistency in the stock market, buyers are not stepping up.
Often clients say to me "I know you can't predict what will happen in the future but...", "where do you think the market is going..." or "do you think now is a good time to sell (or buy)...", or "should we wait until next year?" We discuss their options and what has happened in the past as a way to help them reach the decision that is best for them. I can add perspective since I have seen many different markets in my real estate career. It doesn't help me predict the future but it helps me guide my clients through a changing market. And I do think that the economic events of October just remind us how quickly things can change. But the other thing to remember is that there are still many people who are working at their jobs, making money and qualified to buy real estate. And there are still lenders who are loaning money to qualified buyers. So it is a good time to buy real estate in San Francisco---probably the best time in a long time. And I don't know if it will be better or worse next year (or next month).......... oh that foggy crystal ball!Our October market report is now online at our website.
Remember, 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 on special rates!
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 stock and bond markets, it changes day to day!
Toys For Tots
It's not too early to start thinking about the upcoming holidays. Every Christmas season we support the Toys for Tots campaign put on by our local Fire Department. If you would like to donate to this worthy cause and support children in need, please e-mail or call toll free (866) 224-8024 to get specifics.
Sales Activity
| FOR SALE | |
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VIEWS! VIEWS! VIEWS! Golden Gate Bridge, Bay, and City views from this exclusive penthouse condominium in a small building with a private elevator. Custom remodel with exotic materials, 3 bedrooms, 2.5 baths and over 700 square feet of decks, 2 car private garage. |
| FOR SALE | |
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Pacific Heights Condominium Classic styled condo in a 6 unit building with a beautiful Beaux Arts facade consisting of 2 bedrooms, 1 bath, remodeled kitchen, formal dining room, period details, hardwoods floors, deck, common garden and 1 car parking.
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| SOLD | |
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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. |
| SOLD | |
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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. |
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.
