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SFResidence Logo
October 16, 2016

The SFResidence Real Estate Review
October 2016

Hello from Janis

Janis StoneThe statistics for September 2016 sales are now online. The biggest winner continues to be single family homes UNDER $2M. On average, they sold a little over 10% higher than the asking price. As always, this depends on the property, neighborhood and location. But we have resources that can help get you the BEST price for your home!

We had the Pacific Union’s chief economist, Selma Hepp give us an overview and perspective of the San Francisco market.  Here is Patrick Barber’s summary of it:

“There has been double digit annual appreciation for the past 5 years and it simply is not sustainable.  We have entered a period of normalization and the historic data affirms this.  The biggest issues are affordability for buyers, and where do sellers go after paying their tax bills?

“Buyer fatigue began to set in June 2015 so they are much more diligent/picky about what they will buy.  Sellers continued to raise expectations while buyers began to show patience creating a gap in perceived values and some of the price reductions we are witnessing, especially at the top end of the market.  As long as job growth remains strong locally and inventory low, the market should move forward albeit in the low single digits for growth.

“We are projecting 3% a year for the next three years.  So it is a good time for realistic sellers to sell as the market inventory is low, and an equally good time to buy as some buyers sit on the sideline for the bubble to pop.  The problem with their rationale is there is no bubble because this go around the banks made sure homeowners were qualified and had to put good size down payments in to purchase.”

My buyers are still encountering multiple offers with sales prices 10%+ over the asking price.  I think most of these properties had listing prices that are deliberately under the comparable values.  It is just a marketing technique to get buyers to guess as to what the market will ultimately offer.   It is very frustrating for buyers but in the under $2 million price range I do not see it changing.

=========================================================

REMEMBER… If you are MOVING or KNOW SOMEONE WHO IS, we have GREAT AGENTS to whom we can refer with confidence! If you or someone you know needs to buy or sell property somewhere else in the country, keep us in mind. And you agents out there across the country who are receiving this newsletter, you are on our referral list for your area!
_________________________________________________ 

From our Family and Friends

"Rainbow through the Palm Trees" by Lia Bicardo Our friend, Rick Bicardo from Hawaii, sent us a note that his daughter, Lia, submitted a photo to the 2016 Nature Photography Contest and won RUNNER UP in the Youth Landscape category. Go to the site to see a better version of this photo.

Did we mention she has also self published several books? We continue to be amazed at the accomplishments of this young lady!

"End Of Summer" by The Silvers More news from Mick’s band, The Silvers, who released their second record this year, a 6 song CD EP called “End Of Summer” which was out on September 1! Here is a view of the beautiful cover artwork.
Tower Bridge, London Here are just a couple of the many photos I took during our 2 1/2 week trip to London, Liverpool and Paris. There were so many things to see and thousands of photos to take.

This first is one of the Tower Bridge taken during a boat trip down the Thames.

Click on any of the photos to enlarge them.

Windsor Castle - The Queen's Home Our first day trip took us to Windsor Castle, Bath and Stonehenge. This first photo is of Mick and I in front of the Queen’s home. She was not in as she spends her summers at Balmoral in Scotland. It is just a little “second home” for the Queen. This is just the back side of the Castle.  It is really magnificent.
Bath - Early Roman Mineral Baths The second stop of that day was at the ancient Roman mineral baths in Bath.  Bath is a beautiful little City that has great architecture and history.  It was a little overrun with tourists the day we visited as busloads are let off in the center of town and then swarm through the streets. It would be great to visit in the  “off season”.
Ancient ruins of Stonehenge The final stop that day was at Stonehenge on the Salisbury Plains.
Highclere Castle - Site of Downton Abbey To wrap it up for this month, here is where we went on my birthday! Yes, it’s Highclere Castle where Downton Abbey was filmed! I will share more of our adventures next month!

– Janis Stone

__________________________________________________

Interest Rates

Dennis Kowalski Our trusted advisor, Dennis Kowalski, is eager to help you with your mortgage needs.

With all the turmoil in the stock and bond markets, mortgage rates change day to day! However, interest rates have been very low for a long time. Now might be the time to take advantage of them!

Dennis is an award-winning loan consultant who has built his career on delivering unsurpassed customer service. His top priority is to make sure his clients are presented with all the options and information they need to make the decision that’s right for them.

__________________________________________________ 

FOR SALE Mission Bay – The Madrone
435 China Basin #628 - Mission Bay Condo - $1,595,000 435 China Basin #628

Enjoy indoor/outdoor living in this top floor 2 bedroom, 2 bath condo with HUGE terrace across the entire condo with water views, hardwood floors, parking and storage.  The Madrone is a full service building with resort style amenities including open air sun deck with 75’ pool,  outdoor spa, BBQ w/dining area, entertaining kitchen, fitness center with steam room and sauna, business center, and attendant lobby with seating.

Listed at $1,595,000

JUST LISTED Eureka Valley Condo
245 Collingwood - Eureka Valley Condo - $1,295,000 245 Collingwood

Fantastic location for the indoor/outdoor living that this home offers. Beautifully remodeled top floor condo with French doors leading to decks off the kitchen, master bedroom and dining room, high ceilings, tall doorways, hardwood floors, in unit laundry, great light and 2-3 car tandem parking. The kitchen has stainless steel appliances, (Bosch, Fisher/Paykel), island and breakfast area. Large yard with hot tub and informal HOA with the other unit. Don’t miss your chance to own this special home.

Listed at $1,295,000

COMING SOON! Scotts Valley
Scotts Valley 234 +/- Acres - $4,800,000 234 +/- Acres

Located in the heart of Scotts Valley off Hwy. 17 with a stream, cabin, olive trees, and timber ready to be harvested.  Build your dream home, have a retreat, grow grapes or have a wonderful get away close to Santa Cruz or the Silicon Valley.  It is 3 separate parcels so there is development potential also.

To be listed at $4,800,000

SALE PENDING Eureka Valley Home
374 Douglas - Eureka Valley Home - $1,599,000 374 Douglas

Uniquely tucked into the hillside and towering above the tree line this special home offers tremendous light, privacy and smashing San Francisco skyline views! The main home features 2 levels of living w/ an updated kitchen, dining, and living room all with striking views. 2 bedrooms opening to a terraced garden, full bath and laundry finish this level. Up to the 2nd level is the master suite and access to HUGE view deck. Below the home is a studio in-law unit with a full kitchen, bath and a separate private entrance. Features such as 2 fireplaces, abundant privacy and even an air conditioned master suite make this home special. Location is A+ with super easy street parking, a rarity for San Francisco!

Buyer Represented
Listed at $1,599,000

SALE PENDING Midtown Terrace Home
148 Marview - Midtown Terrace Home - $998,000 148 Marview Way

Beautiful detached Midtown Terrace home with ocean views. The main floor features three bedrooms all on one level a remodeled bath with Kohler fixtures, designer tile and extra deep tub an open floor plan living and dining room with wood burning fireplace, fully remodeled open kitchen with commercial Wolf gas stove, stainless appliances and granite counters. The lower level has a two car garage, laundry area and storage and opens to a back yard with both flat and terraced areas. High ceilings in lower level with expansion potential. Seller has done extensive work on French drainage systems, foundation work and sheer walling and insulating garage area. Midtown Terrace is a wonderful single family area close to everything.

Buyer Represented
Listed at $998,000

__________________________________________________ 

See you next month!

Janis Stone DRE# 00517072

SFResidence Logo

“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.

Pacific Union

Top Agent Network

Back to home page

October 2016 Report – San Francisco Real Estate Market Update for September 2016

The number of homes in the Overall Sales category sold in September decreased from the previous month but were higher than a year ago in the San Francisco Real Estate Market. These number reflect the homes sold (for the most part) in August given a typical 30 day close. The average sale prices decreased from the previous month as well as a year ago. The percentage increase of average sold price over the average list price was a bit more than the previous month but less than a year ago. Average days on the market decreased slightly.

What do these numbers all mean? Single family homes UNDER $2M which sold (on average) just slightly more than 10% over the asking price continue to be the biggest winners. You will also notice the average sold percentages of the other categories have increased back over 100% of the list prices. For the right property, we are still seeing multiple offer situations. Could your home be one of those? This is still a GREAT time to SELL and an even better time to BUY!

* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.

September 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 28 $2,928,536 $3,102,176 105.93% 26
Single Family Under $2M 128 $1,054,262 $1,166,058 110.60% 42
Condominium 163 $1,202,790 $1,249,265 103.86% 38
Loft Condo 19 $944,131 $976,999 103.48% 38
Co-op 3 $2,039,967 $2,152,333 105.51% 27
TIC 22 $1,061,227 $1,080,114 101.78% 58
ALL * 394 $1,317,814 $1,395,275 105.88% 40

August 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 40 $2,899,025 $3,002,100 103.56% 39
Single Family Under $2M 149 $1,028,845 $1,154,189 112.18% 31
Condominium 209 $1,199,902 $1,227,176 102.27% 46
Loft Condo 14 $977,571 $1,003,214 102.62% 47
Co-op 8 $1,408,063 $1,378,000 87.86% 53
TIC 19 $974,995 $1,016,579 104.27% 44
ALL * 490 $1,405,251 $1,471,191 104.69% 42

September 2015 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 23 $2,538,217 $3,038,000 119.69% 23
Single Family Under $2M 128 $968,792 $1,127,101 116.34% 26
Condominium 134 $1,069,498 $1,175,794 109.94% 32
Loft Condo 15 $965,936 $1,028,336 106.46% 42
Co-op 4 $2,692,000 $2,311,250 85.86% 34
TIC 14 $1,111,693 $1,151,857 103.61% 43
ALL * 367 $1,333,555 $1,491,882 111.87% 32

* Includes Single Family Homes, Condo/Coop/TIC and Loft, 2-4

Units, and 5+ Units.

** Figures subject to change as Multiple
Listing Service is updated.

+ Formerly, condominium statistics
included condos, co-op, lofts and TICs.

Realtor.com is the official site of the National
Association of Realtors® (NAR) and is a search engine for real
estate nationwide. Realtor.com
has all of San Francisco’s listed homes and condominiums.

September 2016 Report – San Francisco Real Estate Market Update for August 2016

The number of homes in the Overall Sales category sold in August increased from the previous month as well as a year ago in the San Francisco Real Estate Market which indicates that our market is still hopping. These number reflect the homes sold (for the most part) in July given a typical 30 day close. The average sale prices dipped slightly from the previous month but were higher than a year ago. However, the percentage increase of average sold price over the average list price was a bit less than the previous month as well as a year ago. Once again, average days on the market increased slightly.

What do these numbers all mean? Single family homes UNDER $2M which sold (on average) just slightly more than 12% over the asking price continue to be the biggest winners. You will also notice the average sold percentages of the other categories have increased back over 100% of the list prices except for co-ops which took a slight hit. For the right property, we are still seeing multiple offer situations. Could your home be one of those? This is still a GREAT time to SELL and an even better time to BUY!

* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.

August 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 40 $2,899,025 $3,002,100 103.56% 39
Single Family Under $2M 149 $1,028,845 $1,154,189 112.18% 31
Condominium 209 $1,199,902 $1,227,176 102.27% 46
Loft Condo 14 $977,571 $1,003,214 102.62% 47
Co-op 8 $1,408,063 $1,378,000 87.86% 53
TIC 19 $974,995 $1,016,579 104.27% 44
ALL * 490 $1,405,251 $1,471,191 104.69% 42

July 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 40 $3,801,825 $3,807,258 100.14% 45
Single Family Under $2M 152 $1,074,595 $1,213,124 112.89% 28
Condominium 202 $1,159,615 $1,205,909 103.99% 36
Loft Condo 10 $1,093,189 $1,118,050 102.27% 49
Co-op 3 $1,383,333 $1,394,000 100.77% 35
TIC 20 $1,003,275 $1,005,050 100.18% 64
ALL * 468 $1,477,551 $1,555,444 105.27% 39

August 2015 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 29 $3,031,034 $3,258,828 107.52% 39
Single Family Under $2M 152 $994,434 $1,169,201 117.57% 26
Condominium 170 $1,100,515 $1,194,744 108.56% 24
Loft Condo 9 $881,778 $938,902 106.48% 46
Co-op 5 $1,597,800 $1669,000 104.46% 36
TIC 25 $999,890 $1,051,480 105.16% 46
ALL * 444 $1,316,855 $1,443,402 109.61% 30

* Includes Single Family Homes, Condo/Coop/TIC and Loft, 2-4

Units, and 5+ Units.

** Figures subject to change as Multiple
Listing Service is updated.

+ Formerly, condominium statistics
included condos, co-op, lofts and TICs.

Realtor.com is the official site of the National
Association of Realtors® (NAR) and is a search engine for real
estate nationwide. Realtor.com
has all of San Francisco’s listed homes and condominiums.

August 2016 Report – San Francisco Real Estate Market Update for July 2016

The number of homes in the Overall Sales category sold in July decreased from the previous month as well as a year ago in the San Francisco Real Estate Market. These number reflect the homes sold (for the most part) in June and closing in July given a typical 30 day close. The average sale prices dipped slightly from the previous month but were higher than a year ago. However, the percentage increase of average sold price over the average list price was a bit more than the previous month but was over 5% less than a year ago. Once again, average days on the market increased slightly.

What do these numbers all mean? Single family homes UNDER $2M which sold (on average) almost 13% over the asking price (second month in a row!) continue to be the biggest winners. You will also notice the average sold percentages of the other categories have increased back over 100% of the list prices. So even though the volume is down, sales are still strong! For the right property, we are still seeing multiple offer situations. Could your home be one of those? This is still a GREAT time to sell!

* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.

July 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 40 $3,801,825 $3,807,258 100.14% 45
Single Family Under $2M 152 $1,074,595 $1,213,124 112.89% 28
Condominium 202 $1,159,615 $1,205,909 103.99% 36
Loft Condo 10 $1,093,189 $1,118,050 102.27% 49
Co-op 3 $1,383,333 $1,394,000 100.77% 35
TIC 20 $1,003,275 $1,005,050 100.18% 64
ALL * 468 $1,477,551 $1,555,444 105.27% 39

June 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 58 $3,586,414 $3,576,979 99.74% 33
Single Family Under $2M 172 $1,060,757 $1,197,477 112.89% 27
Condominium 217 $1,160,645 $1,219,670 105.09% 33
Loft Condo 16 $1,012,000 $1,047,313 103.49% 43
Co-op 3 $3,116,667 $3,183,333 102.14% 33
TIC 17 $1,108,118 $1,150,765 103.84% 52
ALL * 533 $1,520,435 $1,594,936 104.90% 34

July 2015 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 53 $3,051,600 $3,286,003 107.68% 32
Single Family Under $2M 155 $957,538 $1,146,538 119.74% 23
Condominium 185 $1,141,851 $1,237,759 108.40% 27
Loft Condo 31 $930,003 $1,023,024 110.00% 29
Co-op 4 $2,452,750 $2,685,750 109.50% 36
TIC 19 $888,889 $952,311 107.13% 46
ALL * 492 $1,337,938 $1,484,015 110.92% 29

* Includes Single Family Homes, Condo/Coop/TIC and Loft, 2-4

Units, and 5+ Units.

** Figures subject to change as Multiple
Listing Service is updated.

+ Formerly, condominium statistics
included condos, co-op, lofts and TICs.

Realtor.com is the official site of the National
Association of Realtors® (NAR) and is a search engine for real
estate nationwide. Realtor.com
has all of San Francisco’s listed homes and condominiums.

July 2016 Report – San Francisco Real Estate Market Update for June 2016

The number of homes in the Overall Sales category sold in June increased from the previous month as well as a year ago in the San Francisco Real Estate Market. These number reflect the homes sold (for the most part) in May and closing in June given a typical 30 day close. The average sale prices increased from the previous month but were less than a year ago. However, the percentage increase of average sold price over the average list price was much less than the previous month as well as less than a year ago. Average days on the market increased slightly.

What do these numbers all mean? Single family homes UNDER $2M which sold (on average) almost 13% over the asking price continue to be the biggest winners, however, you will notice the percentages have decreased so that single family homes $2M and over sold for LESS than the asking price on average. As we said last month, Realtors have a sense that the market is slowing slightly with longer days on the market being the norm. However, for the right property, there are still multiple offer situations. Could your home be one of those? This is still a GREAT time to sell!

* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.

June 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 58 $3,586,414 $3,576,979 99.74% 33
Single Family Under $2M 172 $1,060,757 $1,197,477 112.89% 27
Condominium 217 $1,160,645 $1,219,670 105.09% 33
Loft Condo 16 $1,012,000 $1,047,313 103.49% 43
Co-op 3 $3,116,667 $3,183,333 102.14% 33
TIC 17 $1,108,118 $1,150,765 103.84% 52
ALL * 533 $1,520,435 $1,594,936 104.90% 34

May 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 33 $3,183,818 $3,480,346 109.31% 27
Single Family Under $2M 153 $1,112,088 $1,275,536 114.70% 23
Condominium 196 $1,191,385 $1,261,670 105.90% 30
Loft Condo 21 $988,423 $1,039,619 105.18% 42
Co-op 9 $1,549,444 $1,514,621 97.75% 56
TIC 17 $1,118,088 $1,154,912 103.29% 40
ALL * 486 $1,425,577 $1,543,677 108.28% 30

June 2015 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 49 $3,491,449 $3,847,292 110.19% 18
Single Family Under $2M 147 $1,001,210 $1,180,200 117.88% 30
Condominium 198 $1,154,072 $1,267,634 109.84% 24
Loft Condo 20 $1,083,850 $1,210,285 111.67% 35
Co-op 8 $3,130,375 $3,214,375 102.68% 20
TIC 31 $1,107,419 $1,168,194 105.49% 34
ALL * 515 $1,463,870 $1,615,915 110.39% 30

* Includes Single Family Homes, Condo/Coop/TIC and Loft, 2-4

Units, and 5+ Units.

** Figures subject to change as Multiple
Listing Service is updated.

+ Formerly, condominium statistics
included condos, co-op, lofts and TICs.

Realtor.com is the official site of the National
Association of Realtors® (NAR) and is a search engine for real
estate nationwide. Realtor.com
has all of San Francisco’s listed homes and condominiums.

June 2016 – Summer starts in San Francisco

SFResidence Logo
June 8, 2016

The SFResidence Real Estate Review
June 2016

Hello from Janis

Janis StoneThe statistics for May 2016 sales are now online. The biggest winner continues to be single family homes UNDER $2M. On average, they sold almost 15% higher than the asking price. As always, this depends on the property, neighborhood and location. But we have resources that can help get you the BEST price for your home!

There seems to be a common thread in conversations at open houses—Is the market going down?  That is a very hard question to answer when there is a change in the status quo.  The market does seem to be changing especially in some neighborhoods such as SOMA, South Beach, Noe Valley, and the Mission in particular.

But what I see is a more NORMAL market where properties come on the market and if they are priced right they sell within 30-60 days.  That is even still considered a seller’s market.  Once you get to “on market” days exceeding 90 days then you are more into a buyer’s market.  We are seeing more price reductions, less multiple offers and fewer huge over asking offers.  However, they do happen, particularly with special, “check all the boxes” homes or homes in the lower price points where more people are in a position to buy them.

Interest rates are still VERY LOW and there are some great lending packages out there with 10% down for JUMBO loans.  I think this is one of the BEST TIMES TO BUY that we have had in several years.  Buyers have been saying for the last few years “I wish I could buy without having to compete with 10 or 20 buyers!” Then now is the time.  Don’t let fear keep you from having your own home in San Francisco!

REMEMBER… If you are MOVING or KNOW SOMEONE WHO IS, we have GREAT AGENTS to whom we can refer with confidence! 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. And you agents out there across the country who are receiving this newsletter, you are on our referral list for your area!
_________________________________________________ 

From our Family and Friends

Bonnie Wedemeyer with Janis Our dear friend from Hawaii, Bonnie Wedemeyer, visited in May to do a presentation to our office on her company’s new offering, Luxury Condominiums on Oahu.  Look at this special property on their website and if you want to see it contact me and I can give you a personal introduction to Bonnie.

www.theparklanealamoana.com

(click on the photos to see them full size)

Diana Barrett Memorial day gave us a chance to take the boat out in the Bel Marin Keys North Lagoon and sail with another dear friend, Diana Barrett. Afterward we “celebrated” with cheeseburgers and homemade French fries!
Captain Janis Stone! Mick took this nice picture of me as I drove the boat around the lagoon avoiding other boats, water skiers and kayaks!
Mick & Janis at the Giants Game - 5/25 Middle of the week before the holiday, we joined the Pacific Union office for a day game on May 25 at AT&T Park to watch the Giants play (and win) against the San Diego Padres.

– Janis Stone

__________________________________________________

Interest Rates

Dennis Kowalski Our trusted advisor, Dennis Kowalski, is eager to help you with your mortgage needs.

With all the turmoil in the stock and bond markets, mortgage rates change day to day! However, interest rates have been very low for a long time. Now might be the time to take advantage of them!

Dennis is an award-winning loan consultant who has built his career on delivering unsurpassed customer service. His top priority is to make sure his clients are presented with all the options and information they need to make the decision that’s right for them.

__________________________________________________ 

JUST LISTED Mission Bay – The Madrone
435 China Basin #628 - Mission Bay Condo - $1,595,000 435 China Basin #628

Enjoy indoor/outdoor living in this top floor 2 bedroom, 2 bath condo with HUGE terrace across the entire condo with water views, hardwood floors, parking and storage.  The Madrone is a full service building with resort style amenities including open air sun deck with 75’ pool,  outdoor spa, BBQ w/dining area, entertaining kitchen, fitness center with steam room and sauna, business center, and attendant lobby with seating.

Listed at $1,595,000

COMING SOON! Scotts Valley
Scotts Valley 234 +/- Acres - $4,800,000 234 +/- Acres

Located in the heart of Scotts Valley off Hwy. 17 with a stream, cabin, olive trees, and timber ready to be harvested.  Build your dream home, have a retreat, grow grapes or have a wonderful get away close to Santa Cruz or the Silicon Valley.  It is 3 separate parcels so there is development potential also.

To be listed at $4,800,000

FOR SALE South Beach Condo
88 King St.#817 - South Beach Condo - $1,295,000 88 King St. #817

Do you love the action of South Beach & the San Francisco GIANTS? This chic, 2 bedroom, 2 bath sunny condo is on the west side of the Embarcadero Towers w/ City Views & is the perfect home to enjoy all that South Beach has to offer. Featuring the best 2 bedroom floor plan each of the bedroom suites is separated by the spacious living area. The kitchen features black granite countertops with breakfast bar & stainless steel appliances. An open floor plan w/ hardwood floors has a spacious living area with an electric fireplace, large windows with City views & sliding doors leading to a private terrace. There is in unit laundry, 1 car parking & access to all of the Towers amenities–pool, spa, barbecue, gym, 24 hr. doorman & business center.

Listed at $1,295,000

SALE PENDING Mission Bay – The Madrone
435 China Basin #639 - Mission Bay Condo - $1,995,000 435 China Basin #639

Beautiful 2 level penthouse with large deck and Bay and Bay Bridge Views!  2 bedrooms, loft, 2.5 baths, laundry, high ceilings, parking, storage.

Listed at $1,995,000

__________________________________________________ 

See you next month!

Janis Stone DRE# 00517072

SFResidence Logo

“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.

Pacific Union

Top Agent Network

Back to home page

 

June 2016 Report – San Francisco Real Estate Market Update for May 2016

The number of homes in the Overall Sales category sold in May increased from the previous month but were less than a year ago in the San Francisco Real Estate Market. These number reflect the homes sold (for the most part) in April and closing in May given a typical 30 day close. Even so, the average prices decreased from the previous month as well as a year ago. The percentage increase of average sold price over the average list price was much better than the previous month as well as a year ago. Average days on the market decreased by about 8 days over the previous month.

What do these numbers all mean? Single family homes UNDER $2M which sold (on average) more than 14% over the asking price continue to be the biggest winners. May Realtors sense that the market is slowing slightly with longer days on the market being the norm. However, for the right property, there are still multiple offer situations. Could your home be one of those? This is still a GREAT time to sell!

* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.

May 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 33 $3,183,818 $3,480,346 109.31% 27
Single Family Under $2M 153 $1,112,088 $1,275,536 114.70% 23
Condominium 196 $1,191,385 $1,261,670 105.90% 30
Loft Condo 21 $988,423 $1,039,619 105.18% 42
Co-op 9 $1,549,444 $1,514,621 97.75% 56
TIC 17 $1,118,088 $1,154,912 103.29% 40
ALL * 486 $1,425,577 $1,543,677 108.28% 30

April 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 47 $3,177,957 $3,463,830 110.00% 39
Single Family Under $2M 139 $1,080,399 $1,228,688 113.73% 30
Condominium 178 $1,271,410 $1,318,726 103.72% 40
Loft Condo 15 $1,152,800 $1,213,367 105.25% 31
Co-op 5 $3,544,000 $3,719,000 104.94% 18
TIC 11 $1,362,273 $1,412,500 103.69% 33
ALL * 436 $1,528,719 $1,640,566 107.32% 38

May 2015 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 51 $3,636,245 $3,780,365 103.96% 21
Single Family Under $2M 146 $985,849 $1,182,729 119.97% 23
Condominium 206 $1,200,845 $1,628,746 108.46% 31
Loft Condo 21 $1,095,238 $1,247,148 113.87% 19
Co-op 4 $4,343,500 $4,155,000 95.66% 49
TIC 31 $887,839 $998,577 112.47% 31
ALL * 503 $1,485,577 $1,636,702 102.09% 27

* Includes Single Family Homes, Condo/Coop/TIC and Loft, 2-4

Units, and 5+ Units.

** Figures subject to change as Multiple
Listing Service is updated.

+ Formerly, condominium statistics
included condos, co-op, lofts and TICs.

Realtor.com is the official site of the National
Association of Realtors® (NAR) and is a search engine for real
estate nationwide. Realtor.com
has all of San Francisco’s listed homes and condominiums.

May 2016 – MAY we find you the perfect home in San Francisco?

SFResidence Logo
May 10, 2016

The SFResidence Real Estate Review
May 2016

Hello from Janis

Janis StoneThe statistics for April 2016 sales are now online. The biggest winner was, once again, single family homes UNDER $2M. On average, they sold almost 16% higher than the asking price. As always, this depends on the property, neighborhood and location. But we have resources that can help get you the BEST price for your home!

Is the market shifting or are the buyers just pulling back?  That seems to be the question of the day for areas outside of San Francisco and for some areas of San Francisco.

The SOMA, South Beach, and North Waterfront areas are seeing longer days on market and more price reductions.  Actually I have seen more price reductions and longer marketing times in most areas of the City.  However, for some properties that is not the case. I think if a property is one that is a “special” property in a very desirable area it can get multiple offers.  Or if it fits a certain profile—i.e. a property that is remodeled well, has extra parking or views or an “in demand” location—then all bets are off as to how high it can go.

The best way to get the highest possible price for your property is to have a trusted professional guide you through the process.  It takes a lot of planning and effort to get a property sold at the highest price.

The End of Year Report for 2015 (sales July – December) should be ready shortly. If you would like to know what homes or condos price over $2 million sold in your neighborhood during the past 6 months we should have it by next month!

REMEMBER… If you are MOVING or KNOW SOMEONE WHO IS, we have GREAT AGENTS to whom we can refer with confidence! 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. And you agents out there across the country who are receiving this newsletter, you are on our referral list for your area!
_________________________________________________ 

From our Family and Friends

Jennifer and one month old Robert Here is Jennifer with one month old Robert who is ready to be fed.  He is such a doll.   It was fun to see him sleep and then wake up and want to be fed immediately! Without a doubt they can let you know what they want!

Congratulations to Jennifer and Ethan.  Now Benton has a little brother.

(click on any of the photos to see them full size)

Jennifer and one month old Robert Jennifer and one month old Robert
Oscar de la Renta My sister, Beverly and I went to see the Oscar de la Renta exhibit and a bonus was the “Flowers and Art” exhibit.  Flower arrangements were designed to enhance or resemble a particular piece of art.  Here are just a few examples.
Oscar de la Renta Oscar de la Renta

Oscar de la Renta Beverly and I LOVED the Oscar de la Renta exhibit.  He was such an elegant, talented and special man.  He shared his good fortune along with his sense of style.  He will be missed.  Enjoy some of the photos of his wonderful gowns. Guess which one is my favorite?

– Janis Stone

Oscar de la Renta Oscar de la Renta
Oscar de la Renta Oscar de la Renta
Oscar de la Renta Oscar de la Renta
Oscar de la Renta Oscar de la Renta

__________________________________________________

Interest Rates

Dennis Kowalski Our trusted advisor, Dennis Kowalski, is eager to help you with your mortgage needs.

With all the turmoil in the stock and bond markets, mortgage rates change day to day! However, interest rates have been very low for a long time. Now might be the time to take advantage of them!

Dennis is an award-winning loan consultant who has built his career on delivering unsurpassed customer service. His top priority is to make sure his clients are presented with all the options and information they need to make the decision that’s right for them.

__________________________________________________ 

FOR SALE South Beach Condo
88 King St.#817 - South Beach Condo - $1,295,000 88 King St. #817

Do you love the action of South Beach & the San Francisco GIANTS? This chic, 2 bedroom, 2 bath sunny condo is on the west side of the Embarcadero Towers w/ City Views & is the perfect home to enjoy all that South Beach has to offer. Featuring the best 2 bedroom floor plan each of the bedroom suites is separated by the spacious living area. The kitchen features black granite countertops with breakfast bar & stainless steel appliances. An open floor plan w/ hardwood floors has a spacious living area with an electric fireplace, large windows with City views & sliding doors leading to a private terrace. There is in unit laundry, 1 car parking & access to all of the Towers amenities–pool, spa, barbecue, gym, 24 hr. doorman & business center.

Listed at $1,295,000

SOLD Russian Hill Condo
1438 Green St. - Russian Hill Condo - $895,000 1438 Green St. #2B

Stroll out your door to enjoy Russian Hill, one of the best neighborhoods in the City. The Arundel is a full service elevator building built in 1998 with a doorman and a common garden and VIEW roof deck. This chic, sunny, large one bedroom condo has an open floor plan, in unit laundry and hardwood floors. The living room features a bay window with a cozy window seat. The kitchen has granite counters, electric range, dishwasher, side by side refrigerator, microwave, disposal and breakfast bar. There is one car parking and separate storage room.

Listed at $895,000 sold for $920,000

SOLD Pacific Heights 2 Units
23 1050 North Point #1207A

Views, views and more views! Floor-to-ceiling windows. Sweeping views of the Bay from the Golden Gate Bridge to the East Bay, including the North Bay, Angel Island, Aquatic Park and Alcatraz! Perfect as a full-time residence or pied-a-terre. Classy Fontana West full-service elevator building with doorman and security. View living/dining room with terrace and adjoining kitchen; view bedroom with terrace; full bathroom, abundant storage and 2 car parking (seller bought a second space). Pool. Club room. Guest parking. Walk to Ghirardelli Square, Fisherman’s Wharf, Fort Mason and the Cable Cars! Wonderful restaurants & shopping nearby on Polk, Chestnut & Union Streets. All rooms in this very quiet apartment face the Bay, no street noise. Buyer Represented

Listed at $895,000 sold for $910,000

__________________________________________________ 

See you next month!

Janis Stone DRE# 00517072

SFResidence Logo

“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.

Pacific Union

Top Agent Network

Back to home page

May 2016 Report – San Francisco Real Estate Market Update for April 2016

The number of homes in the Overall Sales category sold in April increased from the previous month but was less than a year ago in the San Francisco Real Estate Market. These number reflect the homes sold, for the most part, in March. The average prices increased slightly from the previous month as well as a year ago. The percentage increase of average sold price over the average list price was a bit better than the previous month but less than a year ago. Average days on the market increased by about 10 days.

What do these numbers all mean? Single family homes UNDER $2M which sold (on average) almost 14% over the asking price were the biggest winner again. We are seeing fewer multiple offer situations, however, homes still seem to be selling over the asking price. As the market seems to be slowing slightly this could still be a GREAT time to sell!

* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.

April 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 47 $3,177,957 $3,463,830 110.00% 39
Single Family Under $2M 139 $1,080,399 $1,228,688 113.73% 30
Condominium 178 $1,271,410 $1,318,726 103.72% 40
Loft Condo 15 $1,152,800 $1,213,367 105.25% 31
Co-op 5 $3,544,000 $3,719,000 104.94% 18
TIC 11 $1,362,273 $1,412,500 103.69% 33
ALL * 436 $1,528,719 $1,640,566 107.32% 38

March 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 36 $3,403,201 $3,585,541 105.36% 23
Single Family Under $2M 107 $1,018,205 $1,179,267 115.82% 25
Condominium 185 $1,217,633 $1,275,963 104.79% 31
Loft Condo 21 $1,178,947 $1,206,524 102.34% 21
Co-op 5 $1,402,000 $1,402,125 100.01% 52
TIC 18 $1,155,222 $1,210,139 104.75% 32
ALL * 403 $1,446,029 $1,545,680 106.89% 29

April 2015 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 50 $3,421,560 $3,722,966 108.81% 20
Single Family Under $2M 152 $1,007,619 $1,193,427 118.44% 24
Condominium 222 $1,185,063 $1,285,322 108.46% 31
Loft Condo 8 $994,063 $1,137,125 114.39% 22
Co-op 7 $3,685,857 $3,409,429 92.50% 42
TIC 24 $1,035,417 $1,151,271 111.19% 32
ALL * 507 $1,417,397 $1,588,257 112.05% 29

* Includes Single Family Homes, Condo/Coop/TIC and Loft, 2-4

Units, and 5+ Units.

** Figures subject to change as Multiple
Listing Service is updated.

+ Formerly, condominium statistics
included condos, co-op, lofts and TICs.

Realtor.com is the official site of the National
Association of Realtors® (NAR) and is a search engine for real
estate nationwide. Realtor.com
has all of San Francisco’s listed homes and condominiums.

April 2016 – No Fooling about our Spring Real Estate Market

SFResidence Logo
April 7, 2016

The SFResidence Real Estate Review
March 2016

Hello from Janis

Janis StoneThe statistics for March 2016 sales are now online. The biggest winner was, once again, single family homes UNDER $2M. On average, they sold almost 16% higher than the asking price. As always, this depends on the property, neighborhood and location. But we have resources that can help get you the BEST price for your home!

You can see by the statistics that prices continue to go up at an amazing rate and the buyers are still trying to get a handle on the how much OVER the asking price they have to offer to win.

The stock market appears to be recovering but the San Francisco real estate market seems to be insulated from the effects of the uncertainty in the economic markets.  I do think that the seasonality of our market has had an effect as some properties are selling so very quickly while others are not selling instantly. That being said, our expectations are that offers (plural, you notice) should come in within a week if not a day!  So if it takes 2 weeks to get a full price offer then we think there is something wrong!  Other parts of the state and the country think in terms of numbers of months to get a property sold—not in terms of days!

The economist for the California Association of Realtors spoke yesterday at a luncheon and showed us statistics that support a continued market of LOW INVENTORY AND INCREASING PRICES for the foreseeable future. So our hot market will continue as we do not build enough housing to satisfy the demand.  Spring is here and it is our most active season.  If you are going to sell, now is the time.

The End of Year Report for 2015 (sales July – December) should be ready shortly. If you would like to know what homes or condos price over $2 million sold in your neighborhood during the past 6 months we should have it by next month!

REMEMBER… If you are MOVING or KNOW SOMEONE WHO IS, we have GREAT AGENTS to whom we can refer with confidence! 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. And you agents out there across the country who are receiving this newsletter, you are on our referral list for your area!
_________________________________________________ 

From our Family and Friends

Scarlett Abinante Age 5  

On March , 2016, my grandniece, Scarlett Abinante turned 5 years old! Here is a photo of her with her special “Princess” cake! Two sweet things in one picture!

(click on any of the photos to see them full size)

Scarlett at Build-A-Bear!  

One of Scarlett’s gifts was a visit to Build-A-Bear to create her own special stuffed animal! Here she is leaving the store with her new little “pet”.

Scarlett side by side at 5 with her baby picture!  

And lastly, Scarlett’s mother (my niece, Chelsea Abinante who lives in Huntington Beach, CA) is a talented photographer. She has her own business, Abinante Photography, and she has created this side by side photo of Scarlett as a baby and now at 5 years old!

The Silvers!  

Okay, it’s here! Mick’s band’s first album, “After The Laughter” by The Silvers is out on Genterine Records and may be ordered here.

__________________________________________________

Interest Rates

Dennis Kowalski Our trusted advisor, Dennis Kowalski, is eager to help you with your mortgage needs.

With all the turmoil in the stock and bond markets, mortgage rates change day to day! However, interest rates have been very low for a long time. Now might be the time to take advantage of them!

Dennis is an award-winning loan consultant who has built his career on delivering unsurpassed customer service. His top priority is to make sure his clients are presented with all the options and information they need to make the decision that’s right for them.

__________________________________________________ 

FOR SALE Russian Hill Condo
1438 Green St. - Russian Hill Condo - $895,000 1438 Green St. #2B

Stroll out your door to enjoy Russian Hill, one of the best neighborhoods in the City. The Arundel is a full service elevator building built in 1998 with a doorman and a common garden and VIEW roof deck. This chic, sunny, large one bedroom condo has an open floor plan, in unit laundry and hardwood floors. The living room features a bay window with a cozy window seat. The kitchen has granite counters, electric range, dishwasher, side by side refrigerator, microwave, disposal and breakfast bar. There is one car parking and separate storage room.

Listed at $895,000

SOLD Pacific Heights 2 Units
2311 California St. - Pacific Heights Units - $3,385,000 2311 California

Meticulously designed, this four bedroom, three and one half bath residence offers a light filled, grand open floor plan that is perfect for entertaining. Impeccably designed, the main level features a gracious living room that opens onto a light filled dining room complete with soaring ceilings. The gourmet kitchen features custom cabinetry, Thermador appliances & a grand island with bar seating for four. Floor-to-ceiling doors provide access to the inviting walk out terrace. The second level features three bedrooms and offers a master suite complete with a luxurious master bath & a walk out terrace. The garden level features a spacious media room complete with a kitchen, full bath. Unsurpassable Location!

Listed at $3,385,000 sold for $3,500,000
Buyer Represented

PENDING Pacific Heights 2 Units
23 1050 North Point #1207A

Views, views and more views! Floor-to-ceiling windows. Sweeping views of the Bay from the Golden Gate Bridge to the East Bay, including the North Bay, Angel Island, Aquatic Park and Alcatraz! Perfect as a full-time residence or pied-a-terre. Classy Fontana West full-service elevator building with doorman and security. View living/dining room with terrace and adjoining kitchen; view bedroom with terrace; full bathroom, abundant storage and 2 car parking (seller bought a second space). Pool. Club room. Guest parking. Walk to Ghirardelli Square, Fisherman’s Wharf, Fort Mason and the Cable Cars! Wonderful restaurants & shopping nearby on Polk, Chestnut & Union Streets. All rooms in this very quiet apartment face the Bay, no street noise.

Listed at $895,000 – Buyer Represented

__________________________________________________ 

See you next month!

Janis Stone DRE# 00517072

SFResidence Logo

“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.

Pacific Union

Top Agent Network

Back to home page

 

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