SF Market Heats Up: Is Marin Following?

I sat in on the Pacific Union marketwatch meeting in the city last week. I thought I was on another planet.

Eight offers here, ten offers there, and this for properties priced at well over $1 million. It seems that the new listings coming on in the ‘hot’ neighborhoods are drawing a lot of attention from buyers who are finally getting off the fence. The homes that are well-priced are now selling quickly.

Will the SF-to-Marin market pattern hold true this time? We had quite a few new listings last week — check back next week for a summary of what percentage are in contract. We are definitely seeing more ‘pent up buyer demand’. Those buyers who have been looking lackadaisically over the last few months at the same stale listings are now getting out and more purposefully viewing the new listings.