For years real estate agents have recommended pricing homes using a technique called ?just under? or ?9-ending? pricing. Thus, up until recently, almost all homes were priced ?just under? what the seller was really thinking the home was worth (e.g., a million dollar home was priced at $999,999). It was a ubiquitous tactic even though [...]
Archive for March, 2007
?Just Under? Pricing
March 29th, 2007Novato Pre-Sale Inspections
March 27th, 2007A recent story in the Marin Independent Journal about the City of Novato?s efforts to normalize and accelerate home re-sale inspection processes was well received by many of my clients. As you probably know, all homes sold in Novato must be inspected prior to being sold. While many people think that the home re-sale inspection [...]
Marin Condo Report (Market Update)
March 24th, 2007The Marin condo market has been the hardest hit segment of the Marin market over the past two years. Inventories have swollen and prices fallen, in some places, by as much as 20%. Yet, depending on the complex, some condos continue to sell very well at appreciating amounts. Overall, there are currently 254 units on [...]
San Anselmo Market Overview (Home Sales Report 3/15/07)
March 16th, 2007San Anselmo (like many parts of Marin County) is HOT! Homes priced under $800K are selling extremely well right now (six sold in the past 30 days, with several new listings just hitting the market). Homes in San Anselmo priced between $800K and $1 million are in short supply (only 3 active listings on the [...]
Tiburon & Belvedere Market Overview (Home Sales Report 3/12/07)
March 12th, 2007Homes for sale in Tiburon and Belvedere, which boast some of Marin County?s most exclusive and luxurious estates and homes, continue to receive a lot of attention. Anything under $2 million in either Tiburon or Belvedere is likely to attract lots of attention. Yet, in Tiburon there are currently three homes for sale in the [...]
Marin County Luxury Home Prices Edge Up
March 5th, 2007Prices for high-end luxury homes continue to rise. As reported in San Francisco Chronicle, a recent survey by First Republic Bank shows that prices in the Bay Area edged up by 1.5% in the last 3 quarters of 2006, as compared with the same period in 2005. The average price of homes in First Republic?s [...]
San Rafael Market Overview (Home Sales Report 3/1/07)
March 3rd, 2007San Rafael homes continue to sell at a good pace across the board, particularly in the under $700K range. While many of these homes tend to be smaller and/or in poor condition, in less desirable neighborhoods, and/or located on a steep hill, etc., they provide the least expensive housing (especially for entry level Marin buyers) [...]
Mill Valley Market Overview (Home Sales Report 3/1/07)
March 1st, 2007The Mill Valley market has really heated up over the past few weeks with the percentage of homes in escrow going up virtually across the board (homes in the $1.25 – $2 million range stayed the same). There are no homes in Mill Valley under $725K and that the homes under $900K tend to be [...]
Marin County Absorption Rates (Single Family Homes)
March 1st, 2007Marin County, California, sits just north of San Francisco’s Golden Gate Bridge, straddling Highway 101, and boasts some of the most valuable real estate in the Bay Area. Homes in Marin (cities and towns include: Mill Valley, Sausalito, Tiburon, Belvedere, Corte Madera, Larkspur, Greenbrae, Kentfield, Ross, San Anselmo, San Rafael and Novato) have, by and [...]
Novato Market Report (Sales Report 3/1/07)
February 28th, 2007Overall, the market in Novato seems fairly typical. There are currently 126 active listings (single family homes) for sale (the most in Marin County). About 1/3 of those are priced under $750,000?making Novato a desirable option for buyers priced out of Central and Southern Marin (for example, Mill Valley, at the time of this writing, [...]
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