Friday, December 31, 2004

Happy New Year!!!!!

Dear Friends: ****WWW.SQUAW.COM Over 4 Feet of fresh snow has fallen since Weds AM, and snow continues to fall with much more (in feet) still in the forecast. Squaw Valley USA is open with skiing and riding for all abilities. Fresh powder all over, alongside miles of groomed terrain. Get out and enjoy fresh powder, skiing, boarding, ice skating, shopping, dining, and more. Step Up to Squaw...It's THE mountain!**** _____ Welcome to the newest members of the list. To opt-out, either email sfnewsletter@gmail.com, or click on the "unsubscribe" button below. If you know anyone who would like to be added to this distribution, send them to www.sfnewsletter.com. Don't forget to click on the "New on Market", and "Sold" reports below. They are what make this newsletter tick.* $____ Market Update: The market is still smokin', but has definitely slowed for the holidays. It's like a bear hibernating in winter. There are no indications that it should slow down either. Interest rates are low, demand is high, inventory is low, economy is good, and like I've said before there is only one San Francisco in the world and there is a ton of money in this city. $$___ Maximum overbid(TM) of the week**: Bernal got beat out this week. 57 Thrift Street in Oceanview. Cute little place actually. Kind of like a shoebox with a view. 950 square feet, 3 bed, 1 bath, 1 car parking, $658 per square foot. Asking $459,000 sold for $625,000. Here's a link to the property description: http://www.sfarmls.com/scripts/mgrqispi.dll?APPNAME=Sanfrancisco&PRGNAME=MLSLogin&ARGUMENTS=-ASE,-AA,-A,-N691049 $$$___ My Thoughts: Happy New Year! Happy Aloha Friday! alex New on Market Report: http://aclark.grassroots.com/resources/newonmarketdec31sfarrpt1889.pdf SOLD 12/17/04-12/31/04: http://aclark.grassroots.com/resources/solddec17dec31sfarrpt1892.pdf SOLD 12/03/04-12/16/04: http://aclark.grassroots.com/resources/solddec3dec16sfarrpt1894.pdf

Friday, December 17, 2004

SFnewsletter(TM) Week Ending December 17, 2004

Dear Friends: ****SFnewsletter.com is coming soon! It's going to be sweet!**** _____ Welcome to the newest members of the list. To opt-out, either email sfnewsletter@gmail.com, or click on the "unsubscribe" button below. If you know anyone who would like to be added to this distribution, send them to SFnewsletter.com. Don't forget to click on the "New on Market", and "Sold" reports below. They are what make this newsletter tick.* $____ Market Update: Not many new listings this week. That is normal for this time of year. Sales continue to roll on the properties that are on the market though. This is San Francisco, and in my humble opinion things aren't going to slow down anytime soon. Watch out for the New Year. I know many, many people that are waiting both to buy and sell. It's going to heat up even more. Forget all the hype about a bubble and interest rates. This is San Francisco. I keep saying this. There is only one San Francisco in the world. People will ALWAYS want to live here. Even if a magnitude 8.0 quake hits. Maybe then we'll be an island and the surf will be good on the south shore with all the Northwest wind we get. $$___ Maximum overbid(TM) of the week**: 32-36 Richland Avenue in Bernal Heights. Five unit building. $161 per square foot. Eight days on the market. Asking $549,000 sold for $826,000. I keep saying Bernal is HOT! This keeps proving my point. Here's a link to the property description. $$$___ My Thoughts: The California Association of Realtors has a very informational site, for those of you craving more punishmnet or knowledge (depends on how you look at it). It is www.car.org. And here is a good article. Happy Aloha Friday! alex New on Market Report SOLD 12/03/04-12/17/04 SOLD 11/19/04-12/02/04

Monday, December 13, 2004

SF Newsletter, Week Ending December 10th, 2004

Dear Friends: ****Squaw Valley Community Benefit Day - Sunday Dec 12. $35 Will-Call ski & skate tickets available in advance ONLINE only at squawshop.com. Only 1000 of these tickets will be sold. Order online NOW! Details at squaw.com**** _____ Welcome to the newest members of the list. To opt-out, either email sfnewsletter@gmail.com, or click on the "unsubscribe" button below. If you know anyone who would like to be added to this distribution, send them to sfnewsletter.com. Don't forget to click on the "New on Market", and "Sold" reports below. They are what make this newsletter tick.* _ Regarding Squaw Valley USA. They have hands-down the best terrain of any resort in Tahoe. They received up to three feet of snow this past week, KT-22 is opening, and the upper mountain is untouched. Just $35! That is a no-brainer! $____ Market Update: Cranking!! No slowing. I ran a different report for myself today and actually sat down with a pen and counted how many properties sold at, above, or below asking this week (Keeping in mind this is subject to Realtors actually entering the sale in MLS for this week). For single family homes there were 81 sales. Sixty nine (69) of them were above asking, four (yes 4) were at asking (A lot of times this number is bogus, because you can refuse to enter exact sales prices if the clients request to do so.), and eight (8) were below. For condos there were sixty-six (66) sales. Of those, fifty-two (52) were above asking, five (5) were at asking, and a whopping nine (9) were below. Needless to say, the market is Zesto! $$___ Maximum overbid of the week**: There are so many mind-blowing overbids this week, I don't know what to do. There is a clear winner in terms of percentage over, but it is no surprise. That is 107 Britton in Visitacion Valley. Two bed, two bath, asking $198,000, sold for $468,000. That is just bad pricing. On the other hand, I have to showcase the big-money crowd getting in the game of overbidding. The address is 2610 Jackson in Pacific Heights. Four bedroom, 4.5 baths, 4 car parking. On the market 19 days. Asking $3,750,000, sold for $4,900,000. Yes that is $1,150,000 above the asking price. Regardless of percentage, that is a ton of money to essentially throw into a hat, and trust your Realtor. Hopefully, they weren't the only offer. Here's a link to the property description. $$$___ My Thoughts: I heard Johny Depp bought a 45 acre island in the Caribbean with 50 inhabitants on it, a huge private white sand beach, and warm weather for around $3.6 Million. Let's see, a house in Pacific Heights with 750,000 inhabitants, a dirty brown beach, and average temperatures that hover around 60 degrees, or an island in the Caribbean. Which would you prefer? Just keeping it all in perspective. Happy Aloha Friday! alex New on Market Report: Report SOLD 11/2604-12/10/04: Report SOLD 11/12/04-11/25/04: Report

Friday, December 03, 2004

SFnewsletter Week ending Dec. 3, 2004

Dear Friends: ****The SFnewsletter found a home in cyberspace. Have a look. Blog. SFnewsletter.com coming soon! **** _____ Welcome to the newest members of the list. To opt-out, either email sfnewsletter@gmail.com, or click on the "unsubscribe" button below. If you know anyone who would like to be added to this distribution, send me their email, or have them contact me. Don't forget to click on the "New on Market", and "Sold" reports below. They are what make this newsletter tick.* First off, coma, coma, coma! I spelled it wrong last week. My wife, who is a nurse, tore into me good for that mispelling. We all make mistakes, right? $____ Market Update: ATSUI! (Hot in Japanese, Thanks Dave!) I ran out of translations I know for Hot, so other suggestions are welcome. There is a definite slow down in new properties listed on the market, but that is typical for this time of year. People would rather drink eggnog, sing carols, and go to holiday parties, than have hordes of curious buyers and neighbors trampling through their homes. However, the properties that are on the market are enjoying a lack of inventory party themselves. Fewer homes to choose from + the same amount of buyers = a recipe for competition and overbids. $$___ Maximum overbid of the week**: 40%. Yes 40% over. Can you imagine walking into Lombardi Sports and saying, "I'd like to buy those skis, but I want to pay 40% more for them because they are the last pair on the rack." Even though you know in the back of your mind, there will be another pair for sale soon. It's insane! I'm going to start a new section soon, called "Comparison Shop", where I'll find properties in other parts of the country for the same price as these and you decide which you like better. So on with the show... 241 San Fernando in Balboa Terrace. 3 bedroom, 1.5 bath, 1 car parking, square footage is not listed, asking $995,000, sold for $1,401,000. It's the extra $1000, that kills me. Even better is what it sold for in 1998, $445,000. Here's a link to the property description: Description $$$___ My Thoughts: Chamonix or the Italian Riviera? French wine and champagne powder, or Italian wine and golden sun. I bet $1,401,000 could buy me something sweet there. Happy Aloha Friday! alex New on Market Report: Report SOLD 11/19/04-12/03/04: Report SOLD 11/5/04-11/18/04: Report