Sellers. Are You Missing The Big Wave?
This month's blog is for sellers, potential sellers, and would-be
sellers who are sitting on the sidelines waiting for the market to
improve.
I just spent the last 2 and a half hours looking up,
writing down, and digesting the November real estate statistics for
Marin County. It seems to me like a great time to sell, so I can't
understand where all the sellers are! Let me share with you some of the
numbers I found:
Number of homes sold in November: 2012 2011 2010
Single Family 185 164 147
Condo 56 62 46
Inventory of homes for sale 11.30:
Single Family 421 846 1072
Condo 96 263 332
Months' Supply of Inventory:
Single Family 2.3 5.2 7.3
Condo 1.7 4.2 7.2
Ratio of Sales Price to List Price:
Single Family 99% 96.5% 95.2%
Condo 101.3% 95.7% 96.7%
New Listings in November:
Single Family 118 150 157
Condo 33 54 55
The
Greenbrae housing market is sizzling right now, with only 12 current
listings, and 9 of them in contract--- a red-hot 75%. Novato is not far
behind, with 126 of 174 current listings in contract--- 72.4%! Larkspur
(9 of 16, or 56.25%), San Rafael (95 of 170, or 55.88%), Fairfax (11 of
only 20, or 55%), and Corte Madera (only 6 listings and 3 are in
contract!---50%). Even Belvedere, with the lowest percentage in contract
of all the cities and towns surveyed, has 6 of 20 listings in contract,
or 30%. Buyers are scrambling to find properties that will work for
them. Multiple offers are happening every day. If you have been waiting
to sell your home, this may be the right time! Call your experienced
local REALTOR and make an appointment to go over recent comparable sales
in your neighborhood. You may be pleasantly surprised!
Sunday, December 16, 2012
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