Hello Everyone,
The Marin County real estate market continues its holiday ebb. Buyers and sellers would do well to take advantage of this period. Buyers will have less competition from other buyers, and sellers, less competition from other sellers.
The market will wake up from its holiday nap in January, and we will get an idea of what kind of year it will be. My guess is it will be pretty good.
The monthly city-by-city report, out this week, is showing all cities and towns as buyers' markets with two exceptions. Greenbrae, a perennial top performer, showing balanced with 7 out of 28 properties, or 25%, in contract, and San Anselmo taking this month's all-star crown with 34.6% (17 of 49 listings) in contract.
Single Family Residences a buyers' market with about 20% in contract in all categories except the $2 to $3million range, which is at 18%. We have not seen this in a while, and, while inventory and therefore selection are down, this is an opportunity for smart shoppers-----and likely not to last, based on historical data.
Condominiums a strong buyers' market with just over 13% in contract on an overall basis. Buyers can look at this as opportunity knocking at the proverbial door.
The key to doing well in this market is to utilize the services of an experienced, professional real estate agent with expertise specific to the location of your interest. These agents look at a lot of houses every month. It is their job to know the market and their knowledge is your power.
more next week,
until then, best wishes,
Fred
p.s. for spreadsheets, please see http://www.fredanlyan.com
Saturday, December 8, 2007
Saturday, December 1, 2007
The Anlyan Report. Marin Market Statistics 11.27.2007
Hello Everyone,
The Marin County real estate market slows down every year during the period between Thanksgiving and the new year, and this year is no exception. Inventory and market activity are down, but are pretty much in the same ballpark as last year, per MarketQuest.
The temptation this time of year is for a lot of buyers and sellers to just put their buying/selling plans on hiatus and wait until after the 1st of the year. This discounts the idea that there is sometimes a lot to be gained from doing what everyone else is not doing. Sellers who have their homes on the market at this time of year are serious about selling, and buyers who are still out looking are serious about buying. There are many excellent opportunities to be had during this time of year.
Waiting until the traditional surge of activity at the beginning of the year puts buyers and sellers in a more crowded and competitive arena.
Buyers and sellers who hang in there now could be getting ready to move at the beginning of the year, while everyone else is still looking. As always, an experienced real estate professional with expertise in the local market is an invaluable asset.
Best wishes to all for the Holidays. There will not be a report for the weeks of December 25 and Jan 1. City-by-City report for November will be out next week.
until then, best wishes to all,
Fred
p.s. for spreadsheets, please visit http://www.fredanlyan.com
The Marin County real estate market slows down every year during the period between Thanksgiving and the new year, and this year is no exception. Inventory and market activity are down, but are pretty much in the same ballpark as last year, per MarketQuest.
The temptation this time of year is for a lot of buyers and sellers to just put their buying/selling plans on hiatus and wait until after the 1st of the year. This discounts the idea that there is sometimes a lot to be gained from doing what everyone else is not doing. Sellers who have their homes on the market at this time of year are serious about selling, and buyers who are still out looking are serious about buying. There are many excellent opportunities to be had during this time of year.
Waiting until the traditional surge of activity at the beginning of the year puts buyers and sellers in a more crowded and competitive arena.
Buyers and sellers who hang in there now could be getting ready to move at the beginning of the year, while everyone else is still looking. As always, an experienced real estate professional with expertise in the local market is an invaluable asset.
Best wishes to all for the Holidays. There will not be a report for the weeks of December 25 and Jan 1. City-by-City report for November will be out next week.
until then, best wishes to all,
Fred
p.s. for spreadsheets, please visit http://www.fredanlyan.com
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