Marin Real Estate Blog

Modern Condo with Sweeping Bay Views. Just listed and ready to dazzle you!

Fully upgraded, top floor 1 bed/ 1 bath with sweeping bay views and vaulted ceiling. Gorgeous remodeled kitchen features stainless steel appliances, quartz counter tops and gas cook top. Sleek modern bath has shower over tub.

Bedroom comes with walk-in closet and private balcony with view. Hardwood flooring throughout. Full size in unit washer & dryer, 1 car garage w/storage, wood burning fire place and Smart Home elements make this unit irresistible. Minutes to hwy. 101.

$425,000    Open Thursday January 24 10:30-2 pm and Sunday January 27 2-4 pm For more information go to www.270ChanningWayUnit2.com

Hilary Davis, Realtor (415)235-3133

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If you’ve ever watched “The Price is Right,” you know that the only way to win is to be the one to correctly guess the price of the item you want without going over! That means your guess must be just slightly under the retail price.

In today’s shifting real estate market, where more inventory is coming to market and home values are projected to appreciate at lower rates, homeowners will not be able to price their homes as aggressively as they were able to just last year.

They will have to employ the same strategy: be the closest without going over!

As we have explained before, pricing your home at or slightly below market value actually increases the number of buyers who will see your home in their search!

Over the last six months, more

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Don't Get Caught in the Rental Trap in 2019 | MyKCM

Every year around this time, we take time to reflect and plan for next year. If you are renting your current home but have dreams of homeownership, your plan for the new year may include buying, and you wouldn’t be alone!

According to the 2018 Bank of America Homebuyer Insights Report, 74% of renters plan on buying in the next 5 years, with 38% planning to buy in the next 2 years!

When those same renters were asked why they disliked renting, 52% said that rising rental costs were their top reason, and 42% of renters believe that their rent will rise every year. The full results of the survey can be seen below:

Don't Get Caught in the Rental Trap in 2019 | MyKCM

It’s no wonder that rising rental costs came in as the top answer! The median asking rent price has risen steadily over the last

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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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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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