Despite the summer slowdown, the Marin market keeps moving ahead at a hot pace.  

Currently, there are 814 homes on the market of which 43% are in escrow and this is indicative of the ongoing challenge of a low inventory.  Approximately 71% of homes get multiple offers, and we continue to see a seller’s market with an average of 45 days on market. More high-end homes are selling with 26% of homes in the $1-$2 million range, 19% in the $2 -4 million, and 10% over $4 mill. The appreciation in value has put many homeowners in an equity position (market value exceeds debt) which has allowed sellers to sell without  a loss., and a huge reduction in distressed sales.

We are seeing many sales as investor purchases – approx 20% of the market - and more…

Caribbean Development Opportunity. We have 200 acres of prime and pristine acres of land on the Caribbean island of Dominica. This is a unique opportunity for development of a resort, private estate, agriculture and much more. Dominica is the most beautiful island in the Caribbean and this land has incredible views of the surrounding mountains and ocean in the distance. Price is $4,200,000.  We also have a rental available at the other end of the island directly over the ocean with 3-4 bedrooms and absolute privacy. Contact us if you have any questions or want some pictures of this incredible opportunity. peter@marinrealestate.net. 415-847-4899.