You do a great job with your videos. It, no doubt, takes work to keep pumping out content, especially since it is in parallel with you primary daily activities. But keep it up. If I ever need a SF property, I'd head your way.
So, your #1 reason to hate SF housing market is that homes in lucrative neighborhoods sell fast? Groundbreaking pointer. #2 - It's because of realtors like you who underlist the property to drive up interest. Spoke with one of your brothers recently who listed a 3 Bed, 2.5 Bath for less than 900K. The house could have easily sold for over 1.6M but ended up with 1.45M. #3 - For a 49 Sq miles city, inventory for SFH being low is a basic understanding. If you hate this tiny city, why are you even a realtor here? #4 - Even suburbs receive multiple offers! If you don't like the competitive market in SF, don't spoil home buying experience for buyers. A smart one wouldn't hire you anyways! #5 - It's a California wide situation and not as bad as Piedmont or Montclair or Santa Cruz. If you did your research and knew the basics, only homes with Knob and Tube in SF find it a bit hard to insure. Literally, all the above points are basic, could be applied to any other city or just plain dumb. Suggest you go back to being a lawyer.
Thanks for the comment. Had a long week and needed a good laugh. 1 - Not only fast, but how much faster here. Median days on market across the country was 32 days in June of 2024. In Austin it was 50 days. It was 53 days in Tampa. It was 33 days in Orange County. It was 14 days in SF. So, yeah, things are a little different here. 2 - So it’s basic that there’s a lot of competition and little inventory which makes it really tough for buyers. Yet you’re claiming that this property sold 10% below what it was actually worth? And it was pricing it at $900k that caused that? If it was worth 1.6, it would have got 1.6. Would love to see your comp/market analysis of that one. 3 - Inventory levels are low on absolute levels. But they’re also low on a relative basis (i.e., regardless of absolute population size). That’s what things like monthly supply. We have 1.3 months of inventory in SF. Nationally, we have 4.1 months for existing homes and over 9 months for new homes. So, yeah, things are a little different here. 4 - That homes in suburbs get multiple offers doesn’t mean the City isn’t a competitive market, or that it doesn't suck that it happens. Not really understanding the point there. Also not sure how that spoils anything for anyone. It is what it is, and you roll with it. 5 - There are certainly issues in other areas more fire prone for example that are not present in SF. But there’s a lot more than just knob and tube that can sink insurance prospects in SF. Like an old roof, plumbing, water heater, HVAC, lack of seismic retrofitting on a home, a brick foundation, etc. Some insurers have told me that they wont even look at houses built before the 1920s. I’ve spoken to a half dozen insurers in the last week about multiple properties of all ages in the area. How many have you talked to? I like living here and have no intent on moving. Just roll with the environment we're in. Looking forward to your continued engagement.
@@austinklar So if we go by what you're saying above (comparing apples to oranges), it should be a dream job for you. Why would you make a video and say that these are the things that you hate. Go become a realtor in Tampa instead.
TICs generally take longer to sell because there’s a smaller buyer pool. People have an aversion to them in comparison to condos because of how taxes are handled. That’s true all across the city and despite TICs being less expensive than condos. The area near the Mission is also tough just because of how busy it is. I’ve also seen a fair number of TICs over there without parking which is incredibly tough in that area because of how busy it gets.
For something nice and not right next to the muni line, low $1m range definitely doable over there for a 2/1 condo. Sometimes even under that but that’s rare and likely needs some love.
➡ Download the SF Relocation Neighborhood Guide:
bit.ly/relocatetosf
➡ Download the Marin County Relocation Neighborhood Guide:
bit.ly/marin_county_relocation_guide
➡ Download Condo Comparison Sheet:
bit.ly/SFCondoComparisons
You do a great job with your videos. It, no doubt, takes work to keep pumping out content, especially since it is in parallel with you primary daily activities. But keep it up. If I ever need a SF property, I'd head your way.
I appreciate that!
So, your #1 reason to hate SF housing market is that homes in lucrative neighborhoods sell fast? Groundbreaking pointer.
#2 - It's because of realtors like you who underlist the property to drive up interest. Spoke with one of your brothers recently who listed a 3 Bed, 2.5 Bath for less than 900K. The house could have easily sold for over 1.6M but ended up with 1.45M.
#3 - For a 49 Sq miles city, inventory for SFH being low is a basic understanding. If you hate this tiny city, why are you even a realtor here?
#4 - Even suburbs receive multiple offers! If you don't like the competitive market in SF, don't spoil home buying experience for buyers. A smart one wouldn't hire you anyways!
#5 - It's a California wide situation and not as bad as Piedmont or Montclair or Santa Cruz. If you did your research and knew the basics, only homes with Knob and Tube in SF find it a bit hard to insure.
Literally, all the above points are basic, could be applied to any other city or just plain dumb. Suggest you go back to being a lawyer.
Thanks for the comment. Had a long week and needed a good laugh.
1 - Not only fast, but how much faster here. Median days on market across the country was 32 days in June of 2024. In Austin it was 50 days. It was 53 days in Tampa. It was 33 days in Orange County. It was 14 days in SF. So, yeah, things are a little different here.
2 - So it’s basic that there’s a lot of competition and little inventory which makes it really tough for buyers. Yet you’re claiming that this property sold 10% below what it was actually worth? And it was pricing it at $900k that caused that? If it was worth 1.6, it would have got 1.6. Would love to see your comp/market analysis of that one.
3 - Inventory levels are low on absolute levels. But they’re also low on a relative basis (i.e., regardless of absolute population size). That’s what things like monthly supply. We have 1.3 months of inventory in SF. Nationally, we have 4.1 months for existing homes and over 9 months for new homes. So, yeah, things are a little different here.
4 - That homes in suburbs get multiple offers doesn’t mean the City isn’t a competitive market, or that it doesn't suck that it happens. Not really understanding the point there. Also not sure how that spoils anything for anyone. It is what it is, and you roll with it.
5 - There are certainly issues in other areas more fire prone for example that are not present in SF. But there’s a lot more than just knob and tube that can sink insurance prospects in SF. Like an old roof, plumbing, water heater, HVAC, lack of seismic retrofitting on a home, a brick foundation, etc. Some insurers have told me that they wont even look at houses built before the 1920s. I’ve spoken to a half dozen insurers in the last week about multiple properties of all ages in the area. How many have you talked to?
I like living here and have no intent on moving. Just roll with the environment we're in.
Looking forward to your continued engagement.
@@austinklar So if we go by what you're saying above (comparing apples to oranges), it should be a dream job for you. Why would you make a video and say that these are the things that you hate. Go become a realtor in Tampa instead.
Nicely summarized the complexities of this competitive housing market. Well done!
Thank you!!!
Great video Austin!
Thanks so much!
Austin, what is your perspective on TIC sales near Mission Dolores ? I haven’t seen anything flying off the market
TICs generally take longer to sell because there’s a smaller buyer pool. People have an aversion to them in comparison to condos because of how taxes are handled. That’s true all across the city and despite TICs being less expensive than condos. The area near the Mission is also tough just because of how busy it is. I’ve also seen a fair number of TICs over there without parking which is incredibly tough in that area because of how busy it gets.
I really want to live in the avenues by Irving and gg park. But i doubt i can afford it.
What are you looking for in terms of property type, size?
@@austinklar I'll take even a 2/1. I need to wait though another year to put a bigger down.
For something nice and not right next to the muni line, low $1m range definitely doable over there for a 2/1 condo. Sometimes even under that but that’s rare and likely needs some love.
Let’s not forget the dam elevated need of only a master degree or PHD to afford anything there in subjects taking going thousands into debt