Marin Real Estate Blog

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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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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