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…
Category Archives: Marin County Market Update
Marin County Real Estate Market Report – March 2013
MARIN COUNTY MARKET – TRENDS AT A GLANCE The real estate market in Marin was active in March. The lack of inventory of available homes is still over 70% below the peak and continues to be the challenge. We are experiencing a rush of buyers trying to enter the market before prices and interest rates…
Why More People Are Buying Their Marin County Home Sight Unseen
Would you buy a house without setting foot in it first? A recent San Francisco Chronicle article reports that buying — or at least bidding — sight unseen is becoming more common amid the frenzied competition of today’s real estate market in the Bay Area. Investors have been doing it when purchasing rental properties, but it’s now become…
Marin County Real Estate Market Snapshot – March 27, 2013
The market is hot hot hot! Fifty four percent of total active listings in Marin County are in contract. As more inventory comes on the market, it gets snapped up right away, often with multiple offers. Buyers are still extremely value conscious however and pricing homes correctly to very accurately match their location and condition remains…
Marin County Real Estate Market Update – February 2013
As I wrote in last month’s report, the Marin County residential real estate market continues to struggle with record low inventory of homes for sale and high demand, resulting in frequent multiple offers and well priced properties selling over the list price. Our February inventory of 312 homes for sale stood at 56 percent of…
Marin County Market Snapshot – March 13, 2013
What’s this? The number of active listings has increased from 338 last week. The number of homes in contract has remained practically unchanged: up one from 384. Thus the percentage of homes in contract is down a little from 53.2 percent to 51.8 percent. Generally a balanced market is considered to have 25-30…
Marin County Weekly Market Snapshot – March 6, 2013
HOW IS THE MARKET? Starting today, I will be posting a quick picture of the Marin County real estate market with basic statistics on a weekly basis to answer this question. Total Active Listings*: 338 Total Listings Under Contract**: 384 Percentage in Contract***: 53.2 New Listings for Past Seven Days: 87 Number of Properties Sold in…
Marin County Real Estate Market Update – January 2013
NATIONAL AND REGIONAL TRENDS You’ve read it in my reports all of last year: low inventory has been the challenge in Marin County of late. But we are not the only ones suffering from a historically low supply of homes for sale. Realtor.com®’s January 2013 national housing data indicates that listing inventories decreased 16.47 percent year-over-year. Median…
Marin County Market Update – Year End 2012 Report
Economic indicators The economy has been on the mend and continued its steady improvement in 2012. As we turn the corner into a new year, let’s take a snapshot of the key indicators of the U.S. economy over the past three years to track their progressive shift. As major drivers of the recovery of the…
Marin County Real Estate Market Update – November 2012
TRENDS AT A GLANCE Just like the Bay Area housing market overall, the Marin County market continued its march toward stability and normalcy in November, with strong sales and rising sale prices fueled by increased demand, strained inventory, record-low mortgage rates and robust investor interest. The demand was driven in great part by renters who,…
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