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.
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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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.”
Some might think selling a home is pretty straightforward. Yet, all too often, we see homeowners giving away their hard-earned equity when selling. Here are some ways I think homeowners leave too much money on the table — and how you can avoid being one of them: Continue reading “3 Biggest Mistakes When Selling Your Home”
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 today’s video, I discuss whether we are in a seller’s market or a buyer’s market. Continue reading “Are we in a Buyer’s Market?”
There’s been a lot of chatter recently about the state of the real estate market: Is the market softening? Is the bubble about to burst? Are we seeing the first signs of another recession? Incredibly curious to see some hard facts myself, I dug in… Read on to hear more about my observations… Continue reading “Is the Real Estate Market Softening?”
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”
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”
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?”