In many parts of the country, Marin County included, real estate conversations of a not so distant past about price reductions, expired listings and underwater homeowners have been replaced with discussions about multiple offers, preemptive bids and over asking purchase prices.
Different generations are jumping into homeownership as all segments of the market are experiencing great demand. Let me document this with some numbers: As of today in Marin, 52.26 percent of all active listings are in contract in Marin. Generally, 25 percent in contract is considered to reflect a balanced market. For listings up to $1 million, the percentage in contract is 65.15 percent and for listings from $1 million-$2 million, the percentage is 48.19 percent.
Why has homeownership become so attractive again?
An excellent post from the KCM Blog provides great insight as to how different generations see the value of homeownership today. From a 20 something’s point of view, it is about a lot more than the financial reasons and not wanting to throw away rent payments every month, and from his father’s point of view, it is about a lot more than providing shelter for his family…
Read the post here: How Different Generations See the Value of Homeownership
About the author: The above Real Estate information on Marin County Real Estate was provided by Sylvie Zolezzi. I can be reached via email at Sylvie@YourPieceOfMarin.com or by phone/text at 415.505.4789. I am an award winning Realtor specializing in luxury residential real estate in beautiful Marin County, just north of the Golden Gate Bridge.
I specialize in Luxury Homes in the following towns in Marin County: Sausalito, Tiburon, Belvedere, Mill Valley, Corte Madera, Larkspur, Greenbrae, Kentfield, Ross, San Anselmo, San Rafael, Fairfax, and Novato.