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Marin Luxury Real Estate Is A Buyer's Market
Thursday, September 9th, 2010 at 1:55am. 1 Views, 0 Comments.
There’s still a buyer’s market in Marin County as reported in the Marin Independent Journal. The supply of properties has doubled since January, and condos are more difficult to buy due to lender guidelines (down 20% year over year). Plus, there are fewer qualified buyers at every price point. However, homes that are free and clear are in high demand because the transaction can be closed in 30 days, as opposed to more than a year for some distressed properties.
Remember, real estate is very localized. Towns with more low-priced homes have more properties in contract than towns, or even neighborhoods, with a greater concentration of high-end homes ($2 million or more). It's been a stronger buyer's market in towns that have desirable schools…
Marin High End Real Estate Update
Thursday, December 10th, 2009 at 6:18pm. 225 Views, 0 Comments.
As 2009 winds down, Marin real estate is heating up. Single family homes listed under $1 million that are priced well are flying off the shelves. However, folks looking to purchase high-end homes in Marin, priced over $1 million, can still take advantage of a buyer's market most of the time.
That said, the median price of luxury real estate in Marin is up 9% for November 2009 versus November 2008. And the median price of high-end homes sold year-over-year is up 5%, from $1,450,000 to $1,525,000. There were 44% more properties in this price range sold in November this year, and 128% more homes in contract.
To look at the luxury real estate market in Marin from a supply/demand point of view, there were 6% fewer homes for sale, and 44% more sold in November…
