Dear Friends: I didn't have time to do all the html. _____ Welcome: Hello and welcome to the newest members of the list. To opt-out, either email me at sfnewsletter@gmail.com, or click on the "unsubscribe" button below. If you know anyone who would like to be added to this distribution, they must opt-in by emailing me. For RECENT SALES/LISTING ACTIVITY (COMPS) CLICK ON THE "NEW ON MARKET" AND "SOLD" REPORTS BELOW.* $____ Market Update: When is the madness going to stop? I mean really. Continuing with my brief mention of buying outside of the city if you can't afford to buy here, I can tell you I have done well in Phoenix. I also did well in Reno. I know many people who are doing well in Salt Lake City. Some are doing well in Florida (many different areas). Las Vegas...depends on your price range. There is also Boise and many parts of the central valley like Sacramento, Woodland, Fresno, Stockton, Manteca. The list goes on and on. Seriously. If you're going to ride this wave and you can't buy here, buy somewhere else. And if you want to sell your place and get out of here, there is no better time than now. Take your $1,000,000 you make here and buy a mansion in Kansas. It's very "centrally located". $$___ Maximum Overbid(TM) of the week**: Noe Valley getting in the mix again. The little two unit that could. Located at 1059 Church Street, the building is around 2600 square feet, asking $950,000 sold for $1,300,000. OMYGOD! Here's a link to the property description: http://www.sfarmls.com/scripts/mgrqispi.dll?APPNAME=Sanfrancisco&PRGNAME=MLSLogin&ARGUMENTS=-ASE,-AA,-A,-N873315 $$$___ Comparison Shopping: Check this out. For less than the difference between asking and selling price on the Overbid property ($350,000), you could have a four bedroom, three bath, three story home, with a tennis court, koi pond, double sized lot, two waterfalls, AND! they reduced the price $20,000. No overbidding here. Maybe just give Shorty a call, and he'll hook you up. The only catch...you have to move to Wichita, Kansas. Have a look: http://realtor.com/Prop/1045447600 !!!____ SFhotspots: -Here's a list of great upcoming art shows brought to you by your friends at SF's Receiver Gallery (www.receivergallery.com). They hope to see you there! -Brooklyn based artist, John Copeland, exhibits at Juice Design (www.juicedesign.com), Saturday, May 21. Cowboys and Angels (www.capsule9.com) hosts an artshow for Shawn Barber, Friday June 3. The much anticipated Canceled Flight (www.receivergallery.com) opens Saturday, June 4. Get some! Know of something new, or exciting going on in the city? Send it to me, I'll post it here. ???____ Questions&Comments: -Kris in Florida wrote: "I just don't get how expensive it can be [in SF]. Interesting thought; the Cow Hollow cottage at $2800/ sq ft [last week's overbid]. Imagine, that is roughly seven ounces of Gold ($400/ oz.) with just under 1/2 pound /per foot and 1000 sq. feet, that's like 500 lbs of gold!!!! Think of 2 wheelbarrows of Bling = one cottage?" Kris, you make Snoop Dogg proud. -Ryan in San Francisco wrote: "That's a good point that real estate right now is trendy. It seems like we're at that age or point in our lives when everyone we know is buying or considering buying real estate. It really comes down to personal timing and level of comfort. I feel like there's a peer pressure going on that is driving me to buy something soon." You're absolutely correct Ryan. Just like everything in America, it's all about the next trend. -Aimee in San Francisco wrote: "Seems like you may have missed an Overbid of the Week … check out 321 Duncan that was priced at $579,000 and seems to have sold for $928,000 … is that right?" Yes Aimee, that is right, but that property was only 32% over asking, whereas the Overbid I showed was a whopping 86% over. Good eye though. ;-) If you have something to say, send it to sfnewsletter@gmail.com. You're probably not the only one thinking it. $$$$___ My Thoughts: Who wants a gmail account? I have a million (well maybe only 150) invitations to give. Happy Aloha Friday! alex New on Market Report: http://aclark.grassroots.com/webshare/document.jhtml?id=8161&file=newonmay20sfarrpt1450.pdf SOLD 05/06/05-05/19/05: http://aclark.grassroots.com/webshare/document.jhtml?id=8162&file=soldmay6may19sfarrpt1518.pdf SOLD 04/22/05-05/05/05: http://aclark.grassroots.com/webshare/document.jhtml?id=8163&file=soldapr22may5sfarrpt1544.pdf