Hello Everyone,
The monthly city-by-city report is out this week. (please see http://www.fredanlyan.com for spreadsheets) Please note that San Rafael and Novato Continue to increase their percentage in contract. This in spite of the fact that the Marin County real estate market is experiencing a surge of post-holiday listings that have diluted the statistics in many of the areas shown. Let's wait until next month before giving too much weight to the lower numbers in many of the towns and cities. This decrease will most likely prove to be illusory.
Hotsheet stats for the week show 94 new SFR and Condo listings in the County during the week. Lots of real estate activity going on. I have had several conversations with experienced listing agents who have told me that buyer activity has undergone a surge, as we have been predicting. Mortgage rates are low. Home prices have stabilized in many areas, and the smart money is taking advantage of this rare situation in Marin County. Don't believe the gloom and doom talk. This is a market of opportunity---especially for buyers. Future looking bright for smart sellers too. It will be interesting to see what the upcoming warmer weather will bring.
More next week.
Until then, best wishes to all,
Fred
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