Marin Real Estate Blog

For a while now baby boomers have been blamed for a portion of the housing market’s current lack of housing inventory, but should they really be getting the blame?

Here’s what some of the experts have to say on the subject:

Aaron Terrazas, Senior Economist at Zillow, says that “Boomers are healthier and working longer than previous generations, which means they aren’t yet ready to sell their homes.”

According to a study by Realtor.com, 85% of baby boomers indicated they were not planning to sell their homes.

It is true that baby boomers are healthier and are thus working and living longer, but are they also refusing to sell their homes? 

Last month, Trulia looked at the housing situation of seniors (aged 65+) today compared to that of a

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Are We About to Enter a Buyers’ Market? | MyKCM

Home sales are below last year’s levels, home values are appreciating at a slower pace, and there are reports showing purchasing demand softening. This has some thinking we may be entering a buyers’ market after sellers have had the upper hand for the past several years. Is this really happening?

The market has definitely softened. However, according to two chief economists in the industry, we are a long way from a market that totally favors the purchaser:

Dr. Svenja Gudell, Zillow Chief Economist:

“These seller challenges don’t indicate we’re suddenly in a buyers’ market – we don’t expect market conditions to shift decidedly in favor of buyers until 2020 or later. But buyers certainly are starting to balk at the rapid rise in prices and

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I recently received a call from a young couple who was relocating their family to the Bay Area from Los Angeles due to a job transfer. They were under a time crunch because they were in the process of selling their current home and needed to make a contingent offer on a new home. After spending just two weekends in the car with in order to familiarize themselves with the various Marin neighborhoods, I had a pretty good idea of what they were looking and they had decided on a couple of areas that would be suitable both for their children's school but also for the daily commute to work.

It didn't take long for us to find this gorgeous 4BD/3BA, two story home with over 2500 square feet. We succeeded in having our offer accepted at the asking price

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340 Olema Road Fairfax CA 94930 - Sold Off Market!

This home has it all! Located on .955 acre lot in the flats of Fairfax. The one level ranch style home is the centerpiece for this gorgeous, smart and well thought out property. Imagine living in a landscaped park with solar heated pool, changing room/full bath and storage, open platform tree house, expansive lawn, raised bed gardens, greenhouse, multiple decks, fire pit, detached guest house, over sized two car garage and ample off street parking! Really! What else could you possibly want in a home?

 340 Olema Road - sold off market

Main house offers 4 bedrooms, 2.5 baths with open concept kitchen/living/Dining. Rustic wood features and a river rock gas fireplace create a cozy hang out space complete with accordion door and

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If You Are Thinking of Selling? You Must Act NOW! | MyKCM

If you thought about selling your house this year, now more than ever may be the time to do it! The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned about the concept of supply and demand, so we understand that the best time to sell something is when the supply of that item is low and demand for that item is high. That defines today’s real estate market.

Lawrence Yun, Chief Economist at the National Association of Realtors, recently commented:

Contract signings inched backward once again last month, as declines in the South and West weighed down on overall activity.”

Yun goes on to say:

The reason sales are falling off last year’s pace is that

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Are Homebuyers Starting to Hit the ‘Pause’ Button? | MyKCM

For the last several years, buyer demand has far exceeded the housing supply available for sale. This low supply and high demand have led to home prices appreciating by an average of 6.2% annually since 2012.

With this being said, three of the four major reports used to measure buyer activity have revealed that purchasing demand may be softening. Here are the four indices, how they measure demand (methodology), what their latest reports said, and a quick synopsis of the report.

The Foot Traffic Report
by the National Association of Realtors

Methodology: Every month SentriLock, LLC provides NAR Research with data on the number of properties shown by a REALTOR®. Lockboxes made by SentriLock, LLC are used in roughly a third of home showings

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Your New Lifestyle Begins on This Sunny Patio in Lucas Valley Estates, San Rafael! Offered at $1,150,000.

En1 Blue Blossom Ct. Rear View

Beautiful, light and bright contemporary 3 bedroom, 2.5 bath Lucas Valley Estates home. Perched gracefully on a large corner lot. Fenced, landscaped yard with views of the surrounding hills, perfect for entertaining or relaxing at home. Main level open floor plan features living room with cathedral ceiling, and two-way fireplace serving living room and family room. Ample master suite with walk-in closet and a small balcony. Master bath with spa tub. Close to hiking and schools. Check out the exclusive Property Website. Don't miss this one!

 

Light-Filled, Spacious and Open Living/Dining Rooms Flow to Rear Patio. 

Kitchen,

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Charming, Convenient and Move-In Ready Fairfax Home

14 Willow Entrance + Patio

A Storybook Cottage conveniently located at the entrance to the quaint town of Fairfax. Fairfax is a unique community in Marin County attracting artists, avid mountain bike riders and those that enjoy a lively and colorful atmosphere. Excellent restaurants, live music and dancing venues and the gateway to the vast expanses of the West Marin open space and coastline.

14 Willow Hall Bath + Heath Ceramics

This home will pull at your heart strings! Custom architectural and design finishes enhance this tastefully updated 3 bed, 2 bath one-level home in downtown Fairfax. A stone’s throw to the Good Earth grocery store and located on the East side of town for easy access.

14 Willow Living Room

Formal Entry leads to a sunken living room with built

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Sleek & Modern with Sensational Views

Sleek, modern, sexy with high-end finishes, and environmentally friendly! Once an ugly duckling this home has been transformed into a show stopper. Every surface has been touched. This completely remodeled 2 bed/1 bath Mill Valley home with unobstructed views of the Marin Headlands and valley below packs a punch with a large 2-car garage and SunPower solar panels with 2-240v outlets for Electric Vehicle charging.

The open floor plan, wall of windows and large decks are part of a larger drama where sun drenched days can quickly change to wind and swirling fog that clings to the hills to spectacular sunsets. You won’t want to leave home when you can sit in front of a cozy fireplace, entertain friends in style

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I had the pleasure of representing the buyer on the purchase of a “view home” in the Marin Country Club Neighborhood in Novato. Situated at the top of a long, private driveway, 66 Capilano Drive, has panoramic views of the golf course and surrounding hills. The kitchen features a floor to ceiling greenhouse window and the living room has sliding glass doors along the one wall opening to the view. Built in the late 1970’s, this home has a great floor plan and features 2 beds, 2 baths, a big open loft ideal for an office.  There are decks off each room.

I also want to give a shout-out to the listing agent who is a seasoned professional and was a pleasure to work with. Working  together, we were able to create a win-win for both buyer and seller. 

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