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. In our sales office, activity has picked up a lot in the last seven days. (We work in the largest office in the county, so while not a perfect statistical sample, it is often on target).
And there are other stories. We strongly considered a house in San Anselmo for a client, 124 Woodland. It went into contract with eight offers!
It’s a great lot, great location, and that story holds true throughout the Southern and Central parts of Marin.
As of 9/14, when we pulled stats by town, Corte Madera and Mill Valley continue to be the strongest markets in Marin County. Both were at 23% in contract, so they are technically buyer’s market’s also.
Novato is a tough place to sell a house right now, as 10% are in contract.
This is a great opportunity to be looking. Deals are out there, everywhere, at all price levels, as the numbers are about the same for all price ranges.
As always, for more detailed information, please feel free to contact me.
