For months, constrained inventory in Marin County has resulted in quick and painless sales for realistic home sellers. Indeed, competitively priced homes are selling at a pace we have not seen since the slowdown in real estate, which began in 2005 and was painfully evident by the end of 2007… read more →
During March & April 2011, Tiburon and Belvedere experienced a total of 25 home sales. Interestingly, over half of these were properties below $2 million. Below are the percentages of homes in escrow in each of the major price bands: 25% of homes priced under $2 million; 18% of homes between… read more →
As inventory collects in Southern Marin’s toniest locales (Belvedere and Tiburon), we are starting to see and hear about more offers being submitted. Certainly, sellers frustrated by the lack of activity have in some cases taken what they could get. Most recognize that our new economy, post-Equity Market Meltdown, has… read more →
As noted last month, San Rafael CA’s real estate market is increasingly fueled by foreclosures and short sales. The low end (under $600K) is just on fire with “fire sale” prices. We are currently experiencing an amazing 69% pending ratio for homes priced at or below $600K (up from 31%… read more →