SF Real Estate Market Update – January 2019

Single Family Homes

Number of Homes Sold:  96 (+1.1% YOY)… more homes sold
Median Sales Price:  $1,376,500 (+3.5% YOY)… higher prices
Average Days on Market:  41 (+24.2% YOY)… homes took longer to sell

… In other words: more homes sold at higher prices, but homes took longer to sell, compared to a year prior.

Condominiums
Number of Homes Sold:  92 (-27% YOY)
Median Sales Price:  $989,818 (-5.7% YOY)
Average Days on Market: 54 (+8% YOY)

… In other words:  fewer condos sold, at lower prices, and took longer to sell, compared to a year prior.

 

Contact me for more information.

Is Homeownership Right For You? Maybe.

Despite the fact that I help people buy and sell real estate for a living, I don’t think homeownership is for everyone.  (There, I said it.)

For the most part, I strongly support investing in real estate and homeownership.  I think it is an excellent way to build wealth, and provide security and stability in many ways.

However, there are a few reasons why I think buying a home and committing to a 30-year mortgage might not be right for someone*: Continue reading “Is Homeownership Right For You? Maybe.”

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