Tagged : Marin Real Estate Market Update

Found 2 blog entries tagged as "Marin Real Estate Market Update".

As summer winds down, I am noticing that this season has been anything but typical as serious buyers remained in the hunt for a new home. Interest rates continue to hover in the mid three percent range. Home prices are reduced at some price points and neighborhoods with a few surprising statistics such as 11% year over year increase in Fairfax and 7% increase in San Anselmo.

Currently, there are 894 single family homes for sale compared with 1008 a year ago, down 11%. However, 42% of all homes offered are in contract creating a strong market with a lot of jostling amongst buyers especially in the $800,000 and below range. (I have seen  multiple offers of 10 plus participants and up-bidding for distressed properties under 700k)

National market indicators are…
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With the first 6 months of 2012 behind us, I wanted to provide fellow Marin Eichler homeowners & prospective Eichler Home Buyers with a mid-year update on the market for Eichler homes in Marin County.

A total of 27 Eichler homes were sold in Marin between January 1 and June 30, 2012.   Taking a closer look at Eichler sales for the first half of the year, the majority (24) of sales occurred in San Rafael where Eichlers took an average of 78 days to sell at an average sale price of $728,279 (97% of the original list price).  Importantly though, this average sale price was skewed almost $50,000 downward because of one home in the Terra Linda South neighborhood which was listed and sold for just $400,000.  This was the lowest sale price for an

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