Marin Real Estate Market

For the past month, more than half of the announced sales have at the Zephyr office meeting have sold with multiple offers over asking. Some have sold near their asking price.  Some have sold for $50,000 over.  Or $150,000 over.  One for $400,000 over its $2.3 million asking price. What is happening here?  Simple.  Really high demand from buyers and a low level of inventory. The graphic depicts the months supply of inventory for residential properties in the city of San Francisco. ...

The fees for FHA loans will change this spring.  This was announced several months ago, but here's a great New York Times article with details.
For those with existing loans, their refinancing fees will be reduced.  For those who wish to purchase a home, their fees will rise.  This will help homeowners who may wish to refinance.  It doesn't help borrowers with new home purchases.  The point may be moot, anyway.  In our  sizzling HOT market, it is unlikely that an offer with a low downpayment...

We find that many home-buyers are interested in moving to Marin from the city.  Some are attracted to the natural setting and beauty of living among trees.  Others are awed by views of San Francisco.  Some are addicted to the outdoors and love the hiking and running trails, surfing, rowing and other activities that are so easy and accessible in southern and western Marin.  Some are parents of young children who want their kids to grow up in a less urban environment in the city, where the...

During your escrow process, you will be asked by your agent, lender and/or escrow officer how you plan to hold title.  There are several options for California residents.  Before you choose, it is best to confer with your expert advisors, including your attorney and accountant.  How you hold title can have significant implications on your estate (if your property transfers upon your death) and on your taxes.  
The common ways of holding title for co-owners includes (but is not limited...

 
The typical question real estate agents get asked is “how’s the market”?   But lately, the more frequent question is:  “is there much ON the market”?  Well, the short answer is no.  Given the low inventory, one might think that the prices should go up, right?  But we are not seeing too much of that either.  We are seeing a lot of slow moving properties.  Tam Valley is feeling the slow market just the same as many other Marin communities.  Yet, consistent with the past: the...

The last several weeks have shown signs of slowing market activity in Gerstle Park.  Several new homes have come onto the market, no home sale transactions have been completed and only one home has gone into contract during this time period, the house at 109 Clorinda.  This home is in need of some repair and is also a short sale has been on the market for more than six months with a list price of $420,000.  A short sale is a home with a listing price that falls short of the money the seller...

The fall is here, and so are the turkeys!   Winter is just around the corner, and with the cool air comes a cooling of the real estate market as well.  Or is it cooling down?  It’s a really good question. 
As you can see by our report this month, the number of current listings on the market is down, and the number of closed sales is down as well.  It seems there is not much happening.  But, why?  Interest rates are still a screaming deal and buyers are eager to buy, even though it is not...

People ask us all the time,“how’s the market”?  The best way to answer that question is to look at the specific area where one lives.  We can watch the news and see that our state is struggling and homeowners in various parts of the country are ‘underwater’ with respect to their home values.  The news about real estate is not always as it appears.  There are many, many different real estate markets in the state – even in our Bay Area … and in Marin County.  So, to answer the...


This week's "Best of Tour" is a fantastic house at 240 C Street in San Rafael.  Built in 1925, this darling house has a great layout for a 2 bedroom home. It retains some of its original detail and is a very charming home.  It also has been updated--according to the agent and the MLS.  Updates include wiring, plumbing and lighting, as well as a kitchen and bathroom update.  It is currently tenant occupied, so I didn't want to shoot interior photos.  But this house, with its huge yard,...

 
 
 

 
August is typically a slower month for real estate activity, but this August, Gerstle Park has seen a fair amount of market activity.  During the first few weeks of the month, there have been two new recorded sales of homes, three new listings and four homes whose owners have accepted offers and are successfully moving through the escrow process with the buyers (some newly listed, and others finally in contract when the sellers have reduced the asking price to the “correct”...


 
After touring properties this week, I have decided that my favorite home was the listing located at 378 Lowell Avenue in Mill Valley – Tam Valley to be more specific.  It was simply a magical property. I would love to return at night to see the thoughtful lighting which has been placed within the exterior hardscaping.  Maybe the presence of the large Buddha on the home’s hillside spoke to my need for peace and calm, or possibly it was the hammered copper details placed throughout the...


 
We're often asked, "How's The Market?"  The answer of course is that it all depends where you live.
And while values and market dynamics really are dependent upon local factors, there are some generalities that apply to the San Francisco and Marin Markets.   In the past few years, I have been surprised by the sales price of many homes.  Some higher than I would expect, while others are lower.  We have many homes  that have been on the market for a long time and are not selling.  And we...


After many years of selling homes in Marin County, Zephyr Real Estate has (finally) openned their first office in Marin County, located at 201 Corte Madera Ave in Corte Madera, near Larkspur. 
There have been a few Zephyr agents who have been actively selling in Marin for many years, including Stacey who has been helping clients buy and sell homes in Marin for 15 years.  She lives in Mill Valley, with her family, and is familiar with all of the Southern Marin communities--their schools,...

According to the San Francisco Business Times, Zip Realty has announced that they will no longer provide rebates to buyers.  The article states that this is one of several moves the company has made to reposition themselves as a full service brokerage with amazing technology v. a discount broker.  The result?  I think this will be better for consumers, especially buyers. 
Ok, here's the disclaimer.  What I am about to say is not about Zip Realty or its agents--it's about the difference of...

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