In the world of real estate, “positioning” is a marketing term that describes the art of knowing which space a certain property fills in a given market, and taking that message to the right people. But there’s another, more literal definition to the idea of positioning — how your home is literally positioned. It plays a significant role when you’re buying, and it’s important when you’re selling too. Here’s how to understand your home’s positioning — and how best to …
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At some point in a couple’s life, it becomes apparent to both parties that having their own space no longer outweighs the double rent and the constant shuttling across town. That’s as true in Podunk, Mississippi, as it is here in San Francisco. But word to the wise — timing is everything, and that’s especially true when it comes to the big move-in decision. No matter how alluring your partner’s place, or how much money you’d both save, the commitment …
Late last spring, the big buzz in San Francisco real estate was about all the newly-minted millionaires from area IPOs and how that influx of cash would impact the local housing market. At the time, major publications bested one another with breathless predictions of skyrocketing prices targeting this new class of buyers. Agents in the city had a more pragmatic approach, but really, it was a wait-and-see moment. And since hindsight is 20/20, let’s revisit San Franciso’s IPO effect. A …
As of December 2019, San Francisco’s median home price clocked in at just under $1.6 million, but the ultra-luxury market is a different animal altogether. When a property is so unique it has nothing to compare itself with, besides similarly unique properties globally, the one percent of the one percent of homes can often take years to sell. The city has the Bay Area’s third largest market for homes over $5 million, and according to this Robb Report, San Francisco also the most billionaires per capita on …
Basic economics tells us that high demand and housing shortages drive up costs. Both of those scenarios are true here in San Francisco – an obvious cause of our astronomical housing prices. But there’s a hidden reason San Francisco real estate costs so much. The Insurmountable Costs of Building San Francisco’s dilemma is straightforward. The city needs to create as much housing as it can to meet local demand, but the cost for developers to develop that housing is jaw-droppingly …
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