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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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”

Best Practices for Managing a Homeowners Association

If you live in a condo or TIC, like the majority of homeowners in San Francisco, you probably have a homeowners association (“HOA”).  HOA management can be complex, but with some planning and organization on the front end, can lead to a more peaceful living arrangement for years to come.  Here are some best practices for managing your HOA. Continue reading “Best Practices for Managing a Homeowners Association”

On Market vs. Off-Market: What’s All The Fuss?

There’s been a lot of talk lately about “off-market” listings (also referred to as “pocket listings”). You might be wondering how homes are being sold before they even show up online, without a “For Sale” sign or an open house, or you want to know how to get your hands on these opportunities. And if you’re a homebuyer who has been searching for a while and getting outbid, you might be thinking off-market listings could really change your home search strategy.

Once reserved for luxury properties and high-end clients who valued the utmost privacy, off-market sales are becoming more common even in the middle range of the real estate market.  Continue reading “On Market vs. Off-Market: What’s All The Fuss?”

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