Marin Market Update

Market update for Marin County real estate buyers and sellers. Find out how home sales are doing in Marin, California.

Found 319 blog entries about Marin Market Update.

Two Things First Time Home Buyers Need to Know

Buyers entering the real estate market are more savvy today than ever before.  Prior to the internet age, buyers relied heavily on their Realtor to feed them information and listings and wouldn’t even begin their search until meeting with and committing to a Realtor. Now, at least 90% of buyers start their search online, research the process and properties for months, often years before calling a Realtor.

Customer Loyalty

In this new age of information, we as Realtors need to work even harder to find and maintain buyer clients and we do this by providing value and insight into the process. We offer our knowledge of the specific cities and neighborhoods in our market, inside scoop on upcoming listings, and our

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Listing Status Terms Defined

Real Estate Question

You have been searching properties on the internet for months and now you are ready to jump in and start a serious search for your new home. The properties that fit your criteria and budget have various status notes on them that keep changing and some properties disappear from the searches all together. What does all this mean?

Most common Status

  •       Active
  •       Contingent – show
  •       Contingent – No show
  •       Pending
  •       Sold
  •       BOM – back on market

When a house is listed, the original status is ACTIVE. The status will remain active until the house receives offers and a contract is ratified or the house is pulled off the market.

Once a contract is ratified the status will

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purple meters       &     meters

 

Have you seen the folks in bright yellow shirts sweeping our downtown San Rafael sidewalks? Have you seen the purple meters scattered around downtown San Rafael?  The folks in yellow shirts are part of the Downtown Streets Team and the purple meters are part of Put Your Change To Work program, which is a way to discourage panhandling.  What?  Read on!

The Downtown Streets Team is an organization that believes that by having a job and being able to take care of ones’ own basic needs is the center piece to helping folks transition to a better life…and get them off the streets.

The Downtown Streets Team organization has changed lives in at least 6 bay area cities since 2007, and have been doing so in San Rafael, since 2013.  

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Marin Infograph - Real Estate 2016

2016 – Best Year Ever…AGAIN

Median prices – UP, Average prices – UP. The Marin real estate market remains as strong as ever.

Outlook for 2017

When is a Good Time to Buy?

The average home price in Marin in 1965 was $30,710. In 2000 it was $722,800, and last year it was nearly $1,200,000. In fact, in the last 51 years there have only been 3 years where the average price decreased. So, the answer is simple as soon as you can.

Reasons to Buy Soon:

1. High Rents
2. Very low interest rates
3. Tax Benefits
4. Appreciation
5. Pride of Ownership

If you are considering buying a home in 2017, be sure to register to attend our Marin Home Buyer Workshop!

When is a Good Time to Sell?

Last year (2016), nearly 1/3 of total year sales

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Real Estate Graphic

 

September, with its 2.7 month supply of housing inventory, briefly offered us some hope of easing the shortage of homes for sale in Marin County. But October's final tally finds us back at a 1.7 month supply of homes in the Marin County housing market, continuing the shortage we have been used to seeing for quite some time now.

Number of Days on Market remained fairly stable, at 51 days for October, vs. 49 days in October of 2015, but new listings during the month were only 120 compared to 170 last year in the period, a 30% decrease. Sales prices were, on average, 100% of the list price at the time the transaction went into contract, and 98% of original list price, recognizing the fact that some listings had price reductions during the

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16 D Oliva Dr. Novato CA 94947: SOLD!sold16-oliva-dr_hilary_davis_500

What a pleasure it was to help my Seller clients prepare and sell their condo. With my seller on board, I got the unit properly prepared, staged, professionally photographed and on the market in record time. This was important to them as they had an out of town job offer and had to act fast. The unit showed beautifully and received multiple offers and sold quickly with an all cash offer.

I was not surprised as the location is fantastic and the views beautiful plus it's a desirable 2 bedroom 1.5 bath end unit in the Parkhaven Complex.

If you, or someone you know, is thinking about selling please have them call me for a no obligation free consultation. Doing things right pre-sale will make all the difference

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

This recently updated spacious 3,174 sq. ft., 4 bedroom, 3.5 bath home featuring an open kitchen, dining, living and family room area with a LaCantina door leading to the outside decks that make it perfect for entertaining. Upper level has a master suite with views of the bay, Angel Island and Alcatraz, two bedrooms with lofts and second bathroom. Lower level boasts an au pair/guest suite with additional family room, bedroom, bathroom and possible office or wine room. This unique property has a 2 car attached garage, laundry room, ample storage and a large useable yard. Adjacent to expansive open space with access to hiking and biking trails and an easy commute location, just minutes to

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Has the market softened? Both yes and no. 320 Stuyvesant Dr. closed today for over asking price after roughly one month on the market. With an ideal floor plan spanning over more than 2,800 sqf, this 2-story home is situated on over half an acre, on a quiet cul-de-sac, and it backs to open space. It offers commanding views over Sleepy Hollow from several rooms and from the view decks. It also boosts a big, level yard ideal for play, entertaining and quiet relaxation. For a full description, see www.320Stuyvesant.com

Sleepy Hollow is always a very desirable area and inventory has been scarce throughout the fall, so even it the market overall is softening certain areas do better than others. If you are in the market for a home in San Anselmo,

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Is The Bay Area Real Estate Market Starting To Change?

After years of record growth it looks like the Bay Area Real Estate market is finally starting to change, especially when it comes to homes priced at $2 million dollars or more. The days of bidding wars like those that were common during the last 4 years are slowly becoming a thing of the past, or at least decreasing. This is true for Marin County as well. Buyers are acting with less sense of urgency and are taking their time to find their dream homes. Sellers are reluctantly adjusting to this "new" trend. My advise to selling clients is to "under price" their homes to ensure a lot of buzz. This strategy often leads to more than one offer, which is all it takes to drive up the price. 

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This conforming loan product is specially tailored to support young doctors who've recently entered the work force and who are looking to purchase a new home. As you know, one common thread linking most fledgling doctors is a mountain of student debt. This debt is often on deferment for a number of years in order to help newly employed doctors establish their careers. Unfortunately, standard conforming guidelines mandate that even future, deferred payments be included in all debt ratios.  If documentation is not available to outline what the future payment will be, standard guidelines hit the borrower with a monthly payment equal to 1% of the outstanding student loan balance. On $200,000 of student loans, this would amount to an additional $2000 monthly

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