Tagged : Luxury Property 
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Marin Luxury Property Update | Is It A Buyers Market?
Friday, May 6th, 2011 at 12:39am. 196 Views, 0 Comments.
High-end real estate in Marin is still experiencing a buyer's market. Luxury properties priced over $2 million can be had at discounted prices. Buyers in this price range don't need loans, which makes them more nimble. Because there are fewer qualified buyers in this price range, they can cherry pick, and strike deals in their favor. In other words, cash is still king.
Home sales in the Marin luxury real estate market were flat when comparing the first four months of this year, to the same four months last year. According to the Bay Area Real Estate Information Service, there were 44 home sales valued over $2,000,000 through April 30, 2011. Coincidentally, during that same period in 2010 there were also 44 properties sold. The average…
