With the first 6 months of 2010 behind us, I wanted to provide our clients, friends and visitors with a mid-year Eichler real estate update for Marin County.
From January 1 - June 30th, a total of 25 Eichler homes have sold in Marin County. In the second quarter of this year, 12 Eichler homes were sold and I’m proud to say that I was personally responsible for more than 40% of all Eichler Home Sales in Marin during the second quarter of 2010 (representing either sellers or buyers). Additionally, my Eichler listings sold for more than 99% of their original list price in just 32 days on average whereas Eichler homes that were not listed by me took more than twice as long to sell (80 days on average) and only sold for 96.1% of their original asking price.
Taking a closer look at 2nd quarter Eichler sale stats, the number of Eichler home sales increased 17% compared to the same time last year and average sales prices also increased slightly. Homes that are currently selling tend to be clean, professionally staged, and move-in ready properties that have been remodeled within the last 10 years and are priced appropriated when they first hit the market. Homes that aren’t selling tend to be overpriced to begin with, resulting in fewer showings and buyer traffic (even with subsequent price reductions). For this reason, it’s critically important that potential sellers carefully review current comps and collaborate with an experienced and successful agent on how best to prepare and price their home before it hits the market.
For Eichler buyers, I can say that inventory is just starting to increase and with interest rates at an all time low, this could be a great time to buy. If you're in the market, there are currently:
- 17 Eichler homes for sale in Marin County (4 of which are in contract; 2 of these are my clients). Prices range from $649,900 to $1,249,000. In addition to these current listings, I have an extensively remodeled 4 bedroom / 2 bathroom Eichler home which will be hitting the market in the near future. You can learn more now by visiting 15 Arcangel Way, San Rafael.
- 8 Eichlers for sale in San Francisco (2 of which are in contract) which range in price from $549,999 to $2,325,000. All of these listings are Eichler condos and you can view them online now at San Francisco Eichler Homes for sale.
If you are looking to buy or sell in Marin - I can help! As the #1 agent for sold Eichler homes in Marin for the past 4 years, I am intimately familiar with the market and offer unmatched representation to both buyers and sellers - let me know how I can help!
If you are looking to buy or sell in San Francisco - our team can help! I have a team of highly experienced agents in San Francisco who work on our San Francisco Modern Real Estate Team and would welcome the opportunity to assist you.
Let me know how I (or a member of my team) can help!
Renee Adelmann, Realtor & Owner
Marin Modern Real Estate / San Francsico Modern Real Estate