Single family home prices in San Francisco were slightly up in August as compared to July, up 2.8% COndo prices on the other hand dip slightly from July to August .5%. How it all shakes out as far as single family houses is as follows: Homes with prices under $299,828.00 were up 3%, homes between $299828. and $558,379. were up 1.8% and homes over $558,379. rose a very modest.2%. But any gain is a good sign. The last thing anyone wants to do is buy in a failing market. Why, you ask? Well, if you buy in a market that is falling and might fall more the possibility of your gaining equity anytime soon would be hard won. The trick is to find that “sweet spot” where the market has hit the bottom and now looks like it’s heading up again. It’s a very good time to jump into the market. We may not see “runaway” equity growth as we saw in previous years, but we probably don’t really want that. That got us into this mess. We want to see gradual and steady growth of our investments.
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