A semi uneventful but very busy week for the office, with one wonder property on the market - a deliberally priced low REO single family home next to Novato High School, lots of unfinished, unpermitted work. The property commanded 23 offers in a few short days with several over asking, all cash offers. Novato realtors are buzzing about this kind of trend for REO offers (other than one extremely low priced short sale home on Leland Drive a while back, none generated as much activity as this house).
An experienced and knowledgable local Realtor is ultra important in guiding you through this new real estate maze - Check with your Realtor on how to spot, evaluate and make strategic offers in the current market!
As you can see from the statistics below, percentage wise, there is not a lot of change within a week. Howeve, the numbers give a good feeling about the market, although unusual, being somewhat stable.
Novato, and for that matter, Marin county real estate are seeing an encouraging trend of more buyers out looking for homes. As is the aboe case in mind - there will be 22 ready and willing buyers (many with all cash) for a bargain and yes, they jump on one when they see it!
% pending and Days on Market (DOM) continue to be skewed by the lingering short sale homes that have been in contract for a long time while waiting for lenders approval. Ask Sylvia to research background of the properties you are interested in!
Contact me at (415) 717-0293 or at sylvia@SylviaSellsMarin.com to discuss the market and the current trend, get familiar with the buying process, and start hunting for inventories on the market, whether REO, Trust Sale, start home, luxury homes. Take time to see many homes so you know the right house when you see it! It's never too late to get ready. I will be very happy to find the best house / investment property for you!
It will be my pleasure to serve you! Good Hunting!
|
category |
Total Units/ In Escrow |
% Active |
% Pending |
% +/- since 04/01/09 | |||
|
All SFD's and CID's |
|
337/163 |
|
52% |
|
48% (S) |
+1% |
|
SFD's |
|
232/98 |
|
58% |
|
42% (S) |
+1% |
|
CID's |
|
105/65 |
|
38% |
|
62% (S) |
+5% |
|
$0 -$500K SFD |
|
48/37 |
|
23% |
|
77% (S) |
+0% |
|
$500,001-$600K |
|
36/18 |
|
50% |
|
50% (S) |
-13% |
|
$600,001 - $700K |
|
33/17 |
|
48% |
|
52% (S) |
+2% |
|
$700,001 - $800K |
|
34/9 |
|
74% |
|
26% (B) |
+8% |
|
$800,001 - $999,999 |
|
37/9 |
|
76% |
|
24% (N) |
-2% |
|
$1M - $1.25M |
|
20/6 |
|
70% |
|
30% (N) |
+0% |
|
$1.25M - $1.5M |
|
12/2 |
|
83% |
|
17% (N) |
-19% |
|
$1.5M+ |
|
12/0 |
|
100% |
|
0% (B) |
-0% |
- Buyer's Market < 25%
- Neutral 25% - 40%
- Seller's Market > 40%
Sylvia Barry
, Realtor, ePRO
Marin Realtor for Marin Real Estate
Marin, San Francisco North Bay
Frankk Howard Allen Realtors
website: www.SylviaSellsMarin.com
Blog: www.AllAboutMarinHomes.com
MARIN, SONOMA, S.F. BAY AREA REAL ESTATE - Beveldere, Corte Madera, Greenbrae, Kentfield, Larkspur, Marinwood, Mill Valley, Novato, San Anselmo, San Rafael, Sausalito, Tiburon; Cotati, Penngrove, Petaluma, Rohnert Park, Santa Rosa. Starter Home to Luxury Property. REO (Bank Owned), Short Sale, View Homes, Architecural Distictive Homes. Investment, 1031 Exchange. Chinese Realtor.
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