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.

 

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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.”

Finding the Right Real Estate Agent

It seems that there are real estate agents everywhere.  Maybe it’s because I’m surrounded by it every day, but I feel like every time I turn the corner, there is another real estate agent.  This feeling is confirmed by the fact that, as of April 2018, there were over 400,000 real estate licensees in California.  Given that there are somewhere around 39-40 million Californians, this means there is 1 realtor for every 100 people in California!

It’s a no-brainer that picking a good real estate agent to work with should be a top priority when buying or selling your home.  But, with so many choices, how do you pick the right one for you? 

Continue reading “Finding the Right Real Estate Agent”

In Defense of Self-Help: My Current Love for Personal Development

For most of my life, I have been a little embarrassed to be seen reading self-help books.  I aspired to convince myself and others that I was much more intellectual and wasn’t the “self-help” type (if there is such a thing), forcing myself to consume only classical literature or Pulitzer Prize-winning fiction or work by otherwise celebrated writers. God forbid someone would find me in the self-help section.  Continue reading “In Defense of Self-Help: My Current Love for Personal Development”

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