Marin County Real Estate Update – February 2010 (Homes For Sale Update)
In 2011, we will look for further increases in volume/units sold and modest appreciation over 2010. This positive market activity will likely be driven by two strong phenomena. First, a return of move up buyers looking to combine the price stability on the sale of their existing home with historic low interest rates to assist in the purchase of a new home. Second, the stability of the equity markets will have a positive impact on high net worth individuals and in turn, will drive further activity in the “high-end” (over $3 million) of the market. Both of these occurrences will have positive impacts on our market. Our 2011 outlook is positive. We anticipate an increase in inventory through the first quarter and the buyers already seem to be active and looking for the right opportunity. Please feel free to call me to discuss your specific real estate or mortgage needs.
Spring is around the corner and activity is already high at our new home development in Novato. As noted below, the percentages of home in escrow remain fairly high despite the seasonal slowdown — 44% of Novato homes under $1 million are in escrow!
If you desire a list of Marin County’s best deals or more specific analysis of your neighborhood, please give me a call at (415) 350-9440. My name is Kyle Frazier. I am a J.D., Broker, Certified Residential Specialist (CRS), and Certified Luxury Home Marketing Specialist (CLHMS) with Christie’s Great Estates | Pacific Union International Realtors. It is always my pleasure to be of service.