The single-family home prices in the Richmond District stabilized and rose after two years of decline with median prices increasing by 5.9% and the number of sales by 17.8% in 2024. Prices were pretty stable throughout the year as the Feds kept the interest rates steady, except for two quarter-point decreases later in the year. The Richmond Home Sales Comparison table shows the results in 2024 as compared with prior years, broken up by quarters.
Looking back, as 2024 comes to an end, we have had another interesting year in the real estate market. The question being asked at the end of the year is always: “Where is the real estate market headed?”
I am writing this in late October as we look to see what the November election will bring us. The presidential race has been brutal and currently in a statistical tie as far as the polls show.
We will be choosing the next president, mayor and supervisors as well as having combative ballot measures to contend with. I will stick to my expertise and cover the real estate related measures in this column and comment on others that can have an effect on real estate.
As a student of real estate my entire life, 2024 holds special interest for me as we are currently going through a market in transition. Normally in September I write about what we can expect in our fall real estate market because it marks the start of our second selling season of the year in San Francisco.
This is the question I get asked almost every day: “Is this the right time to buy real estate?” People ask this for several reasons depending on who they are.
As I write this column, the first half of 2024 is just about over. Each year has its own challenges and this year we have been dealing with rising inflation, stubborn interest rates, the seemingly never-ending battle with crime, homelessness, drugs in San Francisco, and contentious mayoral and presidential races. So, what is the status of our local real estate market now?
Every day I get asked: “How can I sell my home for the highest possible price? What can I do to maximize the value in my home?”
You may have seen my article the other day about 826 40th Ave. I had some people reach out in disbelief, so here’s more proof it’s a great time to list and […]
Did you know that your empty, or possibly forgotten / run down home in the Richmond District is worth MILLIONS of dollars? I’m not kidding. You see, I could sit here and […]
As most of the readers of this column know by now, I tend to write on what I feel is the most relevant real estate topic at the moment. I get my ideas from the people I talk with every day. If certain questions come up often, then that becomes the column of the month!
Have you ever tried solving a complex problem and had unintended consequences after it is all said and done? What did you do? How did you go about resolving it?
2024 is here, and like any other year, people are preparing for the big push in the spring real estate market. However, unlike every year, there is uncertainty and anxiety in the air.
What should you consider before buying your first home? This is an extremely important question. For most people, this is the largest financial investment they will ever make in their lives. Buying a home can be extremely exciting and owning a home is still considered to be achieving the American Dream by many.
The Sunset District single-family median home prices took a dip for the second year in a row after rising for 10 years with median prices declining by 11.6% and the number of sales by 25.2% in 2023. Prices dropped steadily throughout the year as the Feds kept increasing interest rates. The Sunset Home Sales Comparison table shows the results in 2023 as compared with prior years broken down by quarters.
Richmond Review/Sunset Beacon 