The Southern Marin Real Estate Market continues to include homes for sale at prices that are at the least optimistic, at worst, downright laughable.
On the other hand, there are a few homes in Marin that have come on at prices that are ‘get your buyer on the phone’ great. In one instance, I ALMOST e-mailed the agent who sent out a flyer announcing a new listing to ask if there was a typo in the price. Glad I didn’t….because the price is correct….and if this market is declining, the price is right!
I thought I would re-post a couple of fun items from my previous Yahoo blog.
This one is a link to TV coverage of an event designed to stimulate local shopping and supporting downtown Larkspur. It was covered by the Marin IJ and KTVU-TV News. It was a great success, and we might create another “Economic Stimulus Soiree” this fall.
It might be coincidence, but I submitted two offers this week that were very good ones. One is in back-up because of timing — we had to wait for the buyer’s financial ducks to be put in a row, the other is in back-up because someone else came in with a full price offer.
Hopefully, for the sake of buyers in today’s Marin real estate market, this is a short-lived bump due to good economic news!
Click on the chart below for the story of what we’re seeing in the real estate market in Marin this summer:
The lower-priced homes are selling like hotcakes. As first-time buyers scramble to qualify for the $8,000 tax credit, and investors snap up the ‘steals’ out there, it’s becoming increasingly difficult to find a really low-priced home.
The INTERESTING difference from just a couple of months ago is this: the percentage of $1,000,000 to $1,500,000 homes in contract is up by several percentage points. We’re moving back toward a balanced market in that category. Higher end homes, however, are still not moving.