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
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