Ms. San Francisco Real Estate (Janice Lee)

Why Working with the Right Agent Matters Knowledge of market conditions Has your best interests at heart Knows the right questions to ask the the other agent Gives you an honest opinion about the value of the property and what it would take to get the property

Janice Lee 415-832-9151 JaniceFLee@gmail.com www.JaniceLeeHomes.com BRE #01720205

Summer vacation season is upon us and with it, the usual slowdown in activity. Vacations, graduations, weddings and other events divert buyers’ and sellers’ attention from real estate. Nonetheless, the Bay Area’s housing market continues to move ahead with sales edging higher and prices climbing steadily compared to this time last year. A report released this week by DataQuick, the La Jolla-based real estate information firm, found that the median price for new and existing home sales last month in the Bay Area rose 11.4 percent to $618,000 compared to June 2013. The biggest increase was 14.9 percent in San Mateo County, and the highest median price was once again in San Francisco, which hit the $1 million mark. Sales edged 0.2 percent higher from last June to 7,915 units with the biggest gains in San Francisco, which recorded a 6.4 percent increase in transactions. The biggest decline was reported in Alameda County with a 3.6 percent year-over-year drop. What’s driving the hig

JUST LISTED! 8 Woodland Avenue San Francisco   Presented by: Janice Lee 415-832-9151 JaniceFLee@gmail.com www.JaniceLeeHomes.com BRE #01720205

All the ingredients for a red-hot housing market in the Bay Area are there – a robust economy, tech companies that are churning out high-paying jobs, very strong demand from well-qualified buyers, and home prices that are climbing at a healthy pace. The only thing that’s missing is enough homes for anxious buyers to purchase. While inventory has edged up in some areas lately, it’s still way too low to satisfy buyer demand, and that’s clearly having an impact on sales.

Parents have long suspected it’s true, but a new study from Coldwell Banker Real Estate confirms it: When it comes to making decisions about buying or selling a home, and where to locate, children may be the defacto “Chief Purchasing Officers” of the family. The survey, which was conducted among 2,800 parents across three generations, revealed that 79 percent of Millennial parents (parents age 18-34) and 70 percent of Generation X parents (parents age 35-49) said most of their major purchasing decisions revolve around their children, including home purchases.

The Bay Area real estate market is extremely competitive and arguably one of the top housing markets in the world. When a brokerage rises to the top of this market, that’s certainly worth celebrating. So I’m very pleased to report that Coldwell Banker Residential Brokerage once again ranked as the Number One real estate company in the Bay Area this past year, according to the newly released REALTrends 500 report.

20 Eugenia and 22 Eugenia Avenue, San Francisco Unprecedented opportunity to own a two bedroom high ceiling Bernal Heights flat in the most desirable location with spectacular city views! Incredible view apartment nestled on a coveted hill next to quintessential Glen Park and Noe Valley. Stroll to hip shops, cafes and restaurants on gorgeous Cortland. Take nice walks in Precita Park & Bernal Hill! Amenity rich and fabulous neighborhood includes beautiful parks, BART, Tech Buses, 280/101, public library, banks, gourmet eateries & all urban excitements! Gracious flat possesses charming bones, lovely period detailing throughout, pleasant eat‐in kitchen, updated vanity, and separated meters/utilities. Walk score 94! Location! The potential is immense. Enjoy all that Bernal has to offer Open House: Sunday, August 10th 2-4pm

The current federal and state tax laws favor and generously reward home ownership. There are numerous ways a condominium, co-op or townhouse owner will save on taxes while building equity in their property. All of the interest paid toward a home mortgage is fully tax deductible. For example: If the total mortgage payment is $3,000 per month (where in the early stages of your mortgage most of the payment is interest), let’s assume the interest is $36,000 per year ($3,000 x 12). If you are in the 28% tax bracket, a $36,000 deduction means a federal tax saving of over $10,000. Meanwhile, the property continues to appreciate in value as your home grows in value.