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 buyers. More and more prospective homeowners are experiencing the tedium of making multiple offers on multiple homes with no avail.
Investors are snatching up the little inventory that is available, and some, instead of flipping them are renovating and then renting. Due to the spike in rent rates it makes more sense for the investor to hold onto the home a little longer and unload them as the market steadily rises, as it is sure to.
Not to mention, the homeowners who owe more on their homes than they are worth will not be interested in selling, and will wait, much like the investors who anticipate a rise in home prices.
Buyers need not worry though!! We still have three perfectly sweet San Anselmo homes ready to be Sold!
Click on the descriptions below to check out the links!
We have another San Anselmo listing coming on later in the week, so don't forget to check back in with us and our featured listings at MarinRealEstate.net, as well!