Marin Real Estate Blog

The Tale of Two Markets [INFOGRAPHIC] | MyKCM

Some Highlights:

  • An emerging trend for some time now has been the difference between available inventory and demand in the premium and luxury markets and that in the starter and trade-up markets and what those differences are doing to prices!
  • Inventory continues to rise in the luxury and premium home markets which is causing prices to cool.
  • Demand continues to rise with lower-than-normal inventory levels in the starter and trade-up home markets, causing prices to rise on a year-over-year basis for 80 consecutive months.

Contact the Marin Modern Team, your Marin County real estate connection, for assistance buying or selling a home in Marin County California.

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Homeowners Aged 65+ Have 48x More Net Worth Than Renters | MyKCM

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data covers responses from 2013-2016.

The study revealed that the median net worth of a homeowner was $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013).

These numbers reveal that the net worth of a homeowner is over 44 times greater than that of a renter.

There are many who see that statistic and point toward how broad the range of respondents are for the Federal Reserve survey. Their study includes all economic and social groups and also includes all age groups. The argument is that

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$ Home

 

Monday, December 10 is the last day to pay the first installment of the 2018-2019 Marin County property taxes. Payments after that date will incur a penalty. Property owners can pay in person at the Marin County Tax Collector's office which is located at 3501 Civic Center Drive, room 202, San Rafael. They are open M-F 9:00am-4:30pm. Alternatively, payment can be mailed to Marin County Tax Collector, PO Box 4220, San Rafael, CA 94913-4220 but must be postmarked by December 10. It would be wise to get a postal receipt such as proof of mailing, or certified.  Another option is to pay online. You'll need your parcel number to do this. Finally, you can pay by phone at 1-800-985-7277 utilizing your tax bill number. Credit and debit card payments are an

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Further Proof It’s NOT 2008 All Over Again | MyKCM

Home sales numbers are leveling off, the rate of price appreciation has slowed to more historically normal averages, and inventory is finally increasing. We are headed into a more normal housing market.

However, some are seeing these adjustments as red flags and are suggesting that we are headed back to the same challenges we experienced in 2008. Today, let’s look at one set of statistics that prove the current market is nothing like the one that preceded the housing crash last decade.

The previous bubble was partially caused by unhealthy levels of mortgage debt. New purchasers were putting down the minimum down payment, resulting in them having little if any equity in their homes.

Existing homeowners were using their homes as ATMs by

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The #1 Reason to Not Wait Until Spring to Sell Your House | MyKCM

Many sellers believe that spring is the best time to place their homes on the market because buyer demand traditionally increases at that time of year, but what they don’t realize is that if every homeowner believes the same thing, then that is when they will have the most competition!

The #1 Reason to List Your Home in the Winter Months is Less Competition!

Housing supply traditionally shrinks at this time of year, so the choices buyers have will be limited. The chart below was created using the months’ supply of listings from the National Association of Realtors.

The #1 Reason to Not Wait Until Spring to Sell Your House | MyKCM

 

As you can see, the ‘sweet spot’ to list your home for the most exposure naturally occurs in the late fall and winter months (November – February). 

Temperatures

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According to statistics compiled from the Bareis MLS , there were 1937 sales of single family homes and condos in Marin County for the 1st 9 months of 2018. This compares with 1995 units sold in the same period of 2017, a decrease of 58 units or 2.9%. These statistics would seem to indicate that Marin County is performing better than much of the rest of the state. According to a November 12 blog post by CoreLogic, an Irvine, CA-based real estate information service, statewide sales of existing single family homes and condos in September were down 17.2%  from the same period a year ago. The report said this was the largest year-over-year decline "for any month in nearly eight years". The CoreLogic report also notes that in September the statewide

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7 Reasons to List Your House for Sale This Holiday Season | MyKCM

Every year at this time there are many homeowners who decide to wait until after the holidays to list their homes for the first time, while others who already have their homes on the market decide to take them off until after the holidays.

Here are seven great reasons not to wait:

  1. Relocation buyers are out there. Many companies are still hiring throughout the holidays and need their new employees in their new positions as soon as possible.
  2. Purchasers who are looking for homes during the holidays are serious buyers and are ready to buy now.
  3. You can restrict the showings on your home to the times you want it shown. You will remain in control.
  4. Homes show better when decorated for the holidays.
  5. There is minimal competition for you as
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41 Stasia Drive Novato CA 94947

Catch this Just Listed home in Novato this coming weekend – Open October 27th and 28th 1-4pm.

41 Stasia Drive Novato Just listed

The perfect starter home with potential for growth! Move right in to this updated 3-bedroom, 2 bath single level home in the highly desired Pleasant Valley neighborhood.

 41 Stasia Drive Patio & Deck

Land in front, land in back and land on both sides creates a private oasis with room to use your imagination! Vineyard? Bocce court? Terraced vegetable garden? Side yard is big enough to store a boat or create a large play area for pets or kids and still enjoy a spacious backyard. Backyard is fully fenced with grassy play area, a hot tub, deck and tiled patio. Perfect for outdoor living.

Kitchen boasts stainless steel appliances, new tile

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Why Has Housing Supply Increased as Sales Have Slowed Down? | MyKCM

According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), the inventory of homes for sale this year compared to last year has increased for the last four months, all while sales of existing homes have slowed compared to last year’s numbers.

For over three years leading up to this point, the exact opposite was true; Inventory dropped as sales soared.

NAR’s Chief Economist Lawrence Yun shed some light on what could be contributing to this shift,

“This is the lowest existing home sales level since November 2015. A decade’s high mortgage rates are preventing consumers from making quick decisions on home purchases. All the while, affordable home listings remain low, continuing to spur underperforming

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Coming this week, Remodeled, Vintage-1940's 4 Bed/3 Bath home in San Rafael's West End, Santa Margarita Neighborhood . Chef's Kitchen, Private, fenced yard, attached 1-car garage with interior access. Desirable location just between downtown San Rafael and San Anselmo, and accessible to both. Great commute location near 101 and public transportation. Open Thursday, Nov 8 11:30-2:30, Sunday, Nov 11&18, 1:00-4:00 pm.

118 Tamal Vista Drive, San Rafael

 

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