Marin Real Estate Blog

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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I am thrilled to announce my new Coming Soon listing in Mill Valley.

This recently updated 1,783 sq. ft., 3 bedroom, 2.5 bath home featuring an open kitchen, dining and living room area with panoramic views and a deck to the yard that make it perfect for entertaining. Upper level has a master suite with views of the bay, Angel Island and Alcatraz, two bedrooms and second bathroom with a double sink floating vanity. This unique property has a 2 car attached garage, laundry room, ample storage and a useable yard. Adjacent to expansive open space with access to hiking and biking trails and an easy commute location, just minutes to the freeway.

Please visit the property website for more details and take a virtual 360 tour:

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Just Sold! Even with several competing neighborhood listings, this beautiful, light and bright contemporary 3 bedroom, 2.5 bath Lucas Valley Estates home sold quickly. To learn how to increase your chances of a successful, quicker, more trouble-free sale, please call me. I'll look forward to hearing from you!

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In a recent article, National Housing Inventory Crisis Reaches Inflection Point, realtor.com reported that:

  1. New listings jumped 8% year-over-year nationally, the largest increase since 2013
  2. Total listings in the 45 largest markets are now up 6% on average over last year

This increase in housing inventory has sparked two different reactions. Some are saying this is the first sign of a potential collapse while others are saying it is a welcomed reprieve from the lack of inventory that has stalled the market recently. As Zelman & Associates reported in a recent ‘Z Report’:

“With the rate of home price appreciation starting to decelerate alongside the uptick in inventory, we expect significant debate whether this is a bullish or bearish

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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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