Large 4BR Condo with 2-car garage in Novato, CA - 06/16/12 11:54 AM
Today I brought to market a large (1825 sq.ft.) pristine, 4BR/2BA condo with a 2-car garage in Novato, CA listed for $339,000. This is situated in a very nice complex with a pool where the homes are more like attached single family homes than typical condos. This one was purchased near or at the top of the market in 2007 for $600,000. Unfortunately for the seller, the timing of his purchase couldn't have been worse. On the flipside, the buyer who will purchase this home will likely do so at what feels like the bottom, or close to bottom, of the current market cycle.
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"Limited supply of houses lifts prices" - 06/04/12 10:37 AM
The front page headine on the Sunday June 3 San Francisco Chronicle reads "Limited supply of houses lifts prices." This is surely good news for homeowners in the SF Bay Area. It goes on to say that the phenomenon of multiple offers is back. This has been my experience working with buyers in Marin and Sonoma Counties as well. It was necessary for my buyers to offer $30,000 over the asking price to get into contract on a $260,000 condo in Marin. And in Sonoma, a short sale property that had been in escrow since February fell apart when the buyers … (1 comments)

 
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Peter Nielsen

San Rafael, CA

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Area Pro Realty - Bay Area Villas

Address: 310 Orchid Drive, San Rafael, CA, 94903

Office Phone: (415) 472-6243

Cell Phone: (415) 299-0487

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Peter Nielsen's commentary on his experiences and views of the Marin County, California real estate market.



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