Third-quarter housing market activity in Marin County struck a new balance between buyers and sellers following a period of strong buyer competition and depleted inventories. Sales of homes priced below $1 million slowed notably, as budget-conscious buyers faced higher mortgage rates and a shortage of homes for sale. As a result, sellers were more likely to reduce their initial asking prices than at the same time last year.
Second-quarter home sales activity in Marin County mostly reflected typical trends observed in the previous few years. Nevertheless, sales of homes priced higher than $3 million started off slightly slower before catching up toward the end of the quarter. The strongest demand was for homes priced between $1 million and $3 million.
We don’t know about you, but we always look forward to spring in the Bay Area, which officially begins next week. The whole region comes alive with a variety of festivals, fairs, and events. Below, we’ve compiled a selection of exciting events from each of our Northern California regions, including Lake Tahoe. So shed your winter skin and get ready to enjoy good times, good food, and celebrations!
If your New Year’s resolution is to live a healthier lifestyle, remodeling your kitchen could be one step toward achieving that goal. That’s one key takeaway from Houzz’s 2017 Kitchen Trends Study, which surveyed homeowners who were in some stage of renovating their kitchens last year or this year. One-third of respondents reported that they were leading healthier lifestyles after remodeling their kitchens, while the other 67 percent said they were equally as healthy as before.
America has been disrupted, to say the least. But for a state that is a cradle of disruption, the only thing Californians can do is embrace the challenge. With Donald Trump elected the next President of the United States, the ensuing years will be something of a conundrum, and the future depends on how many of Trump’s campaign stances become actual policies.
Ready to the start the next chapter of his life, our client was ready to sell his long time home in Kentfield to embark on the beautiful Foothills. The home was in good condition, but needed a little love to restore it to it's cottage charm to prep for the market. See how we transformed the property to prep it for sale.
Get a high-level look at what’s happening and what to expect in this insightful report into the Marin County real estate market. After a strong finish to the second quarter, third-quarter sales activity in Marin County slowed. Buyers remained cautious, and homes took longer to sell. While sales activity in the affordable range – homes priced below $1 million – continued at a relatively steady pace, the most notable slowing was seen for homes priced between $1 million and $3 million.
Millennials are increasingly active buyers and now represent about 50 percent of first-time buyers in the U.S. California’s affordability constraints hold back the first-time buyer share at 30 percent. Minorities will also emerge as a hypergrowing demographic of homebuyers in the U.S. By 2020, minorities will account for all growth in homeownership.
For the last eight years, the August issue of Marin Magazine has been synonymous with Editors’ Choice, in which we highlight facets of Marin that make our home such a remarkable place to live. See what made the list in 2016.
Marin County home shoppers took a more cautious, measured approach in the second quarter, lacking the sense of urgency that characterized past quarters. Buyers were less likely to engage in bidding wars, and many refused to settle for properties that fell short of their ideal. Some sellers found that their homes were taking too long to sell and were considering renting them and trying for a sale next year.
At some point in the near future, a friend or cop or hitchhiker will come to you and say, “Hey, let’s go to Marin”. And so off you will go -- via ferry, Uber, or even your own fancy vehicle -- to cavort amongst the redwoods, and lakes, and thousands of people wearing extremely pricey biker spandex. And then you will get hungry and thirsty and need to figure out where to go.