ALL THE DATA THAT’S FIT TO FEED
But What Do The Numbers Show?
Real estate is about a lot of things: location, curb appeal, timing and trends among other things. It’s our opinion that in specialized markets like San Francisco, that it’s the story that matters. Each property sale is indeed different. It’s one of the few areas of the law where judges can use their inherent (equitable) power to actually do something apart from allocating money between litigants. That equitable power is a throwback from the English ecclesiastical division between law courts (i.e., money matters) and equity (fairness the ability to compel action or prohibiting action). Because each piece of property is so unique and special a court is given the authority to force a sale, remove a trespasser much like it can issue injunctions and restraining orders.
But back to the data.
Data reveals the larger context and trends we see emerging across the City and the data inherently feeds into what the ‘market’ is thinking and what buyers are willing to spend on a property and what sellers are willing to sell a property for. But data only goes so far as larger trend lines can obscure the elements that really matter to buyers and sellers.
This is true for a commodity that is as expensive, precious and dear as San Francisco’s scarce real estate. So, while you’re free to extrapolate to your heart’s content, know that if we lived our lives basing important decisions like where you’re going to live solely on what a data set tells us the bounds of any system are, we would be missing out on understanding what it takes to own and sell a home in San Francisco. In other words, ask us for the story behind the numbers you see so that you too can become a much better real estate consumer.