The chart below illustrates the number of, and percentage of, 2009 distressed sales (e.g., REO--a.k.a. bank owned homes and short sales) in Marin Ca.
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SFH Sales - January 1 - March 6, 2009 |
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Total |
Distressed |
% of Total |
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Marin County |
142 |
46 |
32% |
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San Rafael & Novato |
73 |
34 |
47% |
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All Other Cities |
69 |
12 |
17% |
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Source: BAREIS March 8, 2009 |
Take away from this chart is YTD 50% of the sales in Marin County have been in San Rafael and Novato. Of these San Rafael and Novato sales nearly 50% are distressed sales. In all other cities the distressedcomponent of the market is 17%. If you are thinking of buying or selling in Novato or San Rafael, be sure you carefully square-up who you hire to represent you and what your timeline and expectations are.
If you have any questions about process or strategy, please feel free to call me -- Kyle Frazier, CRS, Morgan Lane Real Estate -- (415) 350-9440. It is always my pleasure to be of service.
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