Archives: 'Marin County Real Estate'

Bob Ravasio — November 19, 2007, 9:20 pm

TICs Come To Marin County Real Estate

We’re proud to be the first listing agents in Marin County to list a major TIC development,Pacific Trail Townhomes at 384 Pine Hill Road in Mill Valley. 
These are 1bd/1ba, with large private patios, and most are townhouse-style two-story units.  Read more about them in the Marin Independent Journal here.
The price is terrific: units began […]

Bob Ravasio — October 18, 2007, 11:22 am

Why Are There Still Multiple Offers In A Buyers Market?

I was pondering this question today in the context of one of our listings. The answer is simple:
Fear of Loss.
This house in Larkspur, on the lagoon, has been going through the normal sales cycle in Marin right now.

It’s been on a little over 100 days, and had a couple of price reductions. It went […]

Bob Ravasio — September 25, 2007, 7:02 am

Market Update For Marin County Real Estate

Marin County is experiencing the strongest buyer’s market we’ve seen in years.
Currently, percent in contract is 15%. That’s up slightly from last week when it was at 14%.
We are getting the sense that it bottomed out. Besides the rise in the stats, we also had vastly increased traffic at our open houses last weekend. […]

Bob Ravasio — , 6:43 am

Foreclosures: What They Don’t Tell You On CNN

We’re at a business conference in Monterey, and were reviewing some statistics yesterday morning.  Of course, everyone wanted to talk about short sales and foreclosures.
Hot topics to be sure, but the leader cited a remarkable statistic:
97.4% of all mortgages in the US are current.
You don’t hear that on any of the news channels, […]

Bob Ravasio — September 20, 2007, 10:36 am

Mortgage Rate Update for Marin County

We just had our weekly sales meeting, and interest rates remain similar to last week. A 30 year conforming loan is 6 1/4%, a nonconforming five-year fixed is 6.5%, and a 30-year nonconforming is 7.5%.
As noted here a few days ago, the Fed rate cut has not affected interest rates.  My good friend Rob […]