Lee Sells and Speaks More...

Lee Ginsburg is an award-winning Realtor with 30 years experience in Peninsula residential real estate. With the utmost attention to detail, Lee delivers expert marketing, negotiating, and management of all financial matters. With a strong commitment to honesty, fairness and hard work, Lee has successfully helped first time home buyers, move up buyers and investors.

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Wednesday, April 24, 2013

South San Francisco Unified has the best Graduation rates in San Mateo County

Being in Real Estate I get requests to live in the best school district.  They look at the API scores (http://www.cde.ca.gov/nr/ne/yr12/yr12rel96.asp).
I am married to a school teacher for 35 years.  Parents cannot expect that living in a good school district to manufacture Stanford Graduates.  I believe teachers are important but parents and family are more important.  You must lead by example.  You go to work everyday, and they learn to go to school every day.  When your children come home you ask what they learned, review their homework assignments, talk to them about the day,  help them with their homework assignments, get help if they need help and you are involved.  This needs to be done at all ages.  Yes they way you approach the subject needs to change, but cannot be eliminated.
I just read in the San Jose Mercury News (http://www.mercurynews.com/bay-area-news/ci_22987359/california-graduation-rates-climb) that South San Francisco Unified School district had the highest graduation rate (94.1%) in all of San Mateo County.  It was almost the same as our southern neighbor Palo Alto (94.6%).  South San Francisco actually had a lower drop out rate (3.0%) than Palo Alto (4.7%)  Please feel free to view all the numbers of your choice at (http://dq.cde.ca.gov/dataquest/)  These are phenomenal numbers considering the fact you don’t have to pay a $1,000,000 for a home.  Homes in South San Francisco are in the $550,000- $800,000.  If you are interested in buying a home in South San Francisco give me a call at 877-Lee-Sells

San Mateo County Schools            Graduation Rate %             Drop Out Rate %
             Cabrillo Unified                                    85.2                                           9.1
             Jefferson Union High                         88.7                                           8.2
             La Honda Pescadero Unified           80.8                                           7.7
            San Mateo Union High                        90.3                                           6.6
             South San Francisco Unified            94.1                                          3.0              Countywide                                            83.3                                         11.0

    Several Years ago, I wrote about the Monte Verde Elementary School winning a grant from Google.  http://www.prucalvoices.com/2011/06/monte-verde-student-wins-doodle-for-google/

Visit my website for more info: www.LeeSellsMore.com

Thursday, April 4, 2013

Oh Where Oh Where Has All of the Inventory Gone???

The lack of available homes for sale along with the strong job market bringing lots of qualified buyers are driving prices up in San Mateo County.  Inventory of available homes is down substantially in San Mateo County as compared to a year ago.

I think this might be the new Real Estate environment for years to come.  I say that because the recession we just got out of has scared a lot of people.  It has made them be more conservative financially.  In my opinion that is a good thing for the long term.  Similar to when our parents or grandparents went through the depression. That thought stayed with them for a lifetime.  In the past people owning an $800,000 home would step up to a $1,200,000 home or the person with a $500,000 home to $800,000.  Yes people are working today in San Mateo County but they remember just a few years ago their job and home were in jeopardy.  When the thought of moving up to a larger home with larger payments comes up, it gets shut down very quickly.  People are staying put, they are comfortable, their home is good enough, they do not want to take the risk, they don’t want to live for their mortgage, and they want to save for that rainy day.  I think that thought will stay with us for quite a while.

Seniors used to be a good portion of sellers and that is decreasing.  Seniors are remaining in their own home longer, because they are healthier or by having live in assistance.  Some are choosing to rent it out rather than sell.

In the last few years when the economy was not as strong and homeowners were not able to make the payments, foreclosures and short sale made up 35-50% of local sales.  I am very happy to say that era is over, gone, finished. Our San Mateo County employment is very strong and with rising prices most people have equity in their homes and can make payments.

In summary we have lost three major home sellers: the move up seller, the senior, and the banks. I believe we have to adjust to a new Real Estate environment.  I do not see a major change in the forefront.  

To home sellers on the border line of selling or not selling, I suggest contacting your real estate agent for a value and then discussing with your options.


To home buyers facing multiple offers and all cash buyers; I say stay with it! Find a good agent that knows the area and the other agents.  Everyone wants a deal and today the deal is interest rates.  They are at their lowest point in the last 4- years.  Don’t pass it up. Home ownership is the first step to financial freedom. 

Please do not hesitate to contact me with any questions relating to buying or selling in San Mateo County. 1-877-Lee-Sells.