Marin County Real Estate Market Blog | Marin Market Trends


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

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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.
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Marin Real Estate Market Update by Peter Narodny

Marin has always had the reputation of being one of the finest counties in Northern California. Now that San Francisco has been hit by a excessive demand for housing, buyers are quickly discovering Marin, where the schools, weather and quality of life is superb. The median price for homes has jumped to over 

$1 million, back to where it was in June of 2008, and the per square foot price is now $603 which is above the peak in 2007. With the low inventory, low mortgage rates, and declining foreclosures, the median price of a home has risen 20% over last year. Rents are also up, and in evaluating the choice of renting versus selling, it is important to realize not only the cost and tax consequences of

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With a seamlessly flowing floor plan and easy access to a level lawn area and large deck from the great room and master suite, this 3 bedroom/ 3 bath plus den home is ideal for backyard barbeques and entertaining guests. The main level includes a master suite, an en suite room, and another bedroom with access to a full bath and a separate laundry room. An updated kitchen with lots of storage, newly polished wood floors, high vaulted ceilings and a fresh coat of paint enhance the drama of this home and the setting.

The yard is exquisite with a large level lawn, a curving stairway to an upper level with hot tub and dining areas overlooking the valley. Professionally landscaped and quite private the yard is a haven with lots of sun and lots of spring

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Over the past decade, our world, and particularly the world of house hunters has become increasingly digital. Consumers are going online at a rapid pace to look for information to support their buying decisions. They watch “how-to” videos on Youtube, they read review site, they look up specific brands on search engines, and even research on the go with their smartphones and tablets.

As a realtor emphasizing and utilizing the benefits of social media and online/digital marketing is crucial. In 2005 only 11% of advertising budgets for real estate firms were allocated for online platforms. By 2010 that number had skyrocketed to 64%. The story is no different for home shoppers today.

Real estate professionals know that their customers are uber-connected

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Mill Valley has been a coveted locale for home buyers for the past thirty years. When Mill Valley homes go on market they are almost always the first ones scooped up.  One of our agents found this article while perusing the front pocket of her airplane seat. For those looking to buy, sell or simply living in Mill Valley it is a must read! Find out why these Marin Natives consider the swanky coastal town of Mill Valley so appealing!

  

Click to be redirected to the full article on the Departures website and their follow up article, A Return to 'A Return to Mill Valley'

And as always, check back in with MarinRealEstate.net for all your realty needs! One of our reliable and trustworthy professionals would be happy to answer any questions or concerns

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Pick of the Week – 84 Buena Vista, Mill Valley listed at $1,399,000    

This charming and quaint cottage style home offers both the rare pleasure of a large flat lot and location in the heart of Mill Valley. Currently configured with two units this duplex with stunning details can easily be converted back to a single-family floor plan with the removal of only a couple doors and kitchen components. This sun-drenched home explodes with light and character, boasting a particularly enchanting garden and lawn area.  A few maintenance issues have been neglected but any kind of extensive improvements or modifications are easily imagined. The versatile layout, plus the value of land and location makes it the perfect canvas for any designer or landscape

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Marin is hot, hot, hot right now! And no, we aren’t referring to that blissful Indian Winter we were experiencing.

Demand is way up! Everyone wants to live in the lush and lucrative county just north of the most attractive city in the country! Can you blame them?

Unfortunately, the real property supply does not match its demand by eager new residents.

The major reasons for the low supply include affordability, low interest rates, underwater homeowners, fewer foreclosed properties and high rents.

Affordability and low interest rates make it easier for prospective buyers to get financing and become candidates for loans creating a multitude of well-qualified buyers from which the sellers to choose. 

This combination creates a chaotic situation for

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259 Madrone Ave, Larkspur. Lot 69

Have you ever spent a day in the Muir Woods Redwood Grove? While meandering through those ancient beasts have you ever considering plopping down and making a home right there. Ever thought how perfect it would be to live surrounded by the majesty and serenity of nature; how your dream house could really become your ideal home if only these towering redwood trees enveloped it. Do you desire waking up to the chirping of wild life and feeling its virility around you everyday?  Well Madrone Canyon, in the heart of Larkspur, is where you can find all of that and more!

Our new listing, 259 Madrone, encompasses all that a nature lover, or simply someone with an active lifestyle, could appreciate.  Close to bike trails,

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San Francisco is currently suffering from a housing availability crisis. With low inventory available and an almost constant influx of newly hired employees looking to buy or rent, it is next to impossible to find a decently priced home in a good neighborhood.  According to the city planning department only about 4,000 housing units have been added in the past three years, for roughly 10,000 new households, rent is up 17%, and there doesn’t seem to be a solution in sight. The four main reasons for the current housing debacle are as follows:

1. Years of insufficient housing production coupled with a booming economy have finally caught up to the city

2. Stringent regulations for development make building any kind of housing difficult and…
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