Thursday, February 16, 2012

Some VERY Interesting Stats for Marin County--While inventory is well off levels of the end of August 0f 2008, sales are definitely up and climbing! The graph below gives a very clear dramatic picture of exactly how the market is heating up--and how it is definitely one to think about if you're considering selling!


All Listings: As of 02-12-12

Under Contract Increase

Since 01-02-2012




Market dynamics are setting the stage for an amazing post-Super Bowl selling season, absent one critical ingredient. Sellers are now encouraged to join the party! As a seller, this may not be the “perfect storm”, which would include accelerating appreciation, but we have not seen market dynamics like this since pre-2005.

Many of our listings are receiving multiple offers (2-5), tight terms, ultra-competitive closing timelines, pre-approved mortgage commitments with rates at 4.0% - 4.5%, and an ample supply of “all cash”. Buyers are more confident than we have seen in the past 20 months and the Bay Area economic forecast and job markets seem stable if not encouraging.

In fact, research just completed in Marin's MLS shows that properties sold (21 in all) between $1 and $2 million in Marin County in January ’12 with 60 Days On Market or less, achieved closing prices of 98.7% - 101.2% of list price. If that's not a sign that things are looking up, nothing is!

Interested in joining this market? Could you be receiving these results? Call us and let's talk! Call Jane: (415) 531-4091 or Peter: (415) 279-6466. We'd be happy to help you!


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