#5 Aman Daro - Real Estate Market Update

If you've ever received statistical charts from me or any Red Oak Realty agent showing aspects of the real estate market in the East Bay most likely they were conceived of and compiled by Aman Daro. Aman Daro is COO at Red Oak Realty but is more fondly thought of as "the data guy". I wanted to understand this challenging year in real estate not in an anecdotal way but from a grounding in the data. What I discovered is that Aman Daro is a storyteller. Here’s the story of real estate in 2020 from the perspective of Aman Daro, the data guy at Red Oak Realty. We also dip into some speculation about the future of real estate agent careers with the advance of technology, data on the effect of elections on the real estate market, and the CA wildfires. Aman Daro is CA licensed real estate agent DRE##1350412

Chapters

• 0:08 Intro
• 2:04 What does Aman Daro do?
• 4:02 Defining the inner East Bay
• 5:39 Where does Aman pull data from?
• 7:03 Aman's backstory and start in real estate
• 11:01 The value of data
• 14:45 Machine learning estimates of property value
• 17:13 Real estate under Shelter in Place
• 22:17 Let's talk about the Fall market and wildfires
• 25:16 No seasonality in 2020
• 26:25 Total homes sold is down in 2020 but catching up!
• 27:29 New ways of looking at data
• 29:30 East Bay market vs other markets and COVID disruption
• 31:25 Most frequently asked questions (hint: Appreciation)
• 33:52 List vs sales price
• 35:48 Appreciation by geography
• 37:02 Data challenges,"stability", and agent use of data
• 39:21 Analyzing the impact of interest rates
• 41:05 Tech threats to the conventional real estate agent career (hint: iBuyers)
• 43:48 What's the value of a real estate agent?
• 46:37 The value of an assistant
• 48:54 Let's talk about Social Media
• 50:31 The data around real estate and elections
• 52:22 Biggest takeaways (so far) from 2020
• 54:57 Listen to your hairdresser!
• 56:11 Closing remarks, philosophy, and fav podcasts