All Blog Entries by Fred Anlyan

Marin Real Estate market update and community musings by Frederick Anlyan, Realtor and Broker Associate with Marin Modern Real Estate.  

Found 79 blog entries published by Fred Anlyan.

DataQuick, the La Jolla, CA-based real estate news service noted in an August 15 report that the number of homes sold in the Bay Area in July was the highest since 2005. According to the article, the 9,339 homes sold represented an increase of 18.3% from the previous month and a 13.3% increase over July of 2012. The article quotes Data Quick’s president, John Walsh, characterizing the current market not as a “frenzy”, but as a market that is in the process of “re-balancing” itself and “regaining lost ground”. According to the article, Mr. Walsh noted that  increasing prices would eventually attract more sellers, and the increased supply of homes for sale is expected to moderate future price increases.

Here in Marin County, there were 224 Single Family

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According to a July 18 Report by DataQuick, a real estate news service, the median price of a Bay Area home rose at the fastest pace on record in June. The article cited low mortgage rates, competition for a supply of homes that is limited by reduced numbers of distressed home sales, and the continuing improvement of the economy as factors in the rapid increase. According to the article, June's Bay Area median price of $555,000 represented a 33.1% increase over the same period in 2012, when it was $417,000. The article attributed 75% of the increase to rising home values, and the remaining 25% to changes in "market mix" or the types of homes sold. It went on to say that the median price of a Bay Area home peaked at $665,000 in June/July,

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My clients prevailed over a substantial number of competing offers and were able to purchase this attractive home in a great neighborhood for slightly above asking price. The  home is in a private location with wonderful views of the East Bay and hills. With its lawns and gardens, it is an oasis of peace and quiet within minutes of San Rafael, San Anselmo, and 101. The new owners love their home!

Call me to find out how buyers can still be successful even in today's competitive market.

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In the current competitive Sellers' Market, my clients were able to purchase of this stylish, well-located townhome, in a great school district, at the asking price, from a motivated seller.  They are delighted with their new home, and they even received a credit at closing!

 Call me to see how patient, persistent buyers can be successful in the current Marin County real estate market!

 

 

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There is lots of recent news about frustrated Buyers making offers and losing out to all-cash buyers--- and other discouraging scenarios. I recently helped a client purchase this beautiful home, 20 Rosewood Court, on a cul-de-sac in the coveted Glenwood section of San Rafael. We were able to secure the property with a pre-emptive offer, and closed within 30 days! This 3 bedroom, 2 bath home features: a Chef's Kitchen; Granite Counters; Stainless Appliances; Swimming Pool; Spa; Private, Fenced Yard; Two-Car Garage, and more! 

Buyers who understand the realities of today's real estate market, and are persistent, patient, and motivated are destined for success! Please call me for information or assistance. I'll be looking forward to hearing from you!

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A pre-approval is one of the most important ingredients in the home-buyers' recipe book here in Marin.  Sellers and  Listing Agents want to see a current pre-approval letter with every offer they receive.  Many, if not the majority of properties currently on the market will receive multiple offers, and almost all of those offers will have pre-approval letters attached. Offers without a pre-approval go to the bottom of the pile. A pre-approval usually states that the lender, or mortgage broker has reviewed financial history, income, tax returns, verified pay, etc. Often, the lender has also had an underwriter review the file, and is in a position to state that loan approval is subject only to appraisal and certain other conditions. This

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Data Quick, a La Jolla, CA-based real estate information service, in a report dated March 14, 2013, noted the following about the Bay Area real estate market:

 

  1. February’s median home prices up 24.6% compared to February of 2012. The Service attributed about half of the gain to price increased, and the rest to “market mix”, meaning that fewer low-priced distressed-property sales were taking place.
  2. February foreclosure resales, at 13.6% of the Bay Area market, were down from 26.4% a year ago. Short sales, at 21.4% were also down substantially from the year-ago figure of 27%.
  3. Absentee Buyers (mostly investors, according to the article) purchased 28.2% of Bay Area homes in February, paying a median price of
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 Of the 13 Marin County towns and cities we usually follow, 7 are now characterized as being "Very Strong Sellers' Markets"---- meaning that 56% or more of listings in those towns are in contract. Housing inventory in the County is incredibly low. At the end of December, Months' Supply of Inventory (MSI) was only 1.9 months for both Single Family Residences (SFR) and Condominiums. Reluctant Sellers continue to hold their properties off the market while waiting for higher home prices to arrive. That time may be here sooner than many people thought.

According to a January 16 article from Data Quick, a La Jolla,CA-based real estate news service, the median price of a Marin County home in December was up 27.6% from December 2011 (with about half the

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This month's blog is for sellers, potential sellers, and would-be sellers who are sitting on the sidelines waiting for the market to improve.

I just spent the last 2 and a half hours looking up, writing down, and digesting the November real estate statistics for Marin County. It seems to me like a great time to sell, so I can't understand where all the sellers are! Let me share with you some of the numbers I found:

Number of homes sold in November:             2012                 2011                   2010

Single  Family                                             185                   164                     147

Condo                                                          56                    62                       46

 

Inventory of homes

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 118 Sandpiper Ct. Just Sold for $330,000!

I just helped my client with the purchase of this 2 bedroom, 2 bath unit with an enclosed garage. He had been looking for several months, and made offers on a number of other units---all with multiple offers. He was able to get this one for below asking price! Persistence pays off!

The market for affordably-priced units is extremely hot right now. With inventory low, and many investors out there with all-cash offers, it can be hard to compete. The secret to success, as with many things in life, is to stay in the game, and to get the best help available in your search. Find an experienced agent who is willing to help, be persistent, and stay optimistic. It will happen!

 

 

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