Real Estate Directory

Marin County Homes Values

"Buyers have the edge"

Thats what Carla Bova says in her piece in the Marin Independent Journal.

While Nationwide sales of homes have dropped by a half percent, the National Association of Realtors reported Monday. At the same time, the inventory of homes for sale rose 1.5 percent.

• Although Marin's median home price in August remained flat from last year
• Marin single-family home sales in August dropped nearly 7 % from last year
• Marin county condos sales dropped 36 % (DataQuick).
• Total Marin County homes sales dropped 13 %.

"The fact is that Realtors do not set price and, in the end, the sellers do not set the price, either," Nielsen said. "Buyers do, and often it takes time for sellers to accept that reality."

This part I disagree with. Sellers still have to accept the price. In the end the Sellers do not have to move. Which is why the home values in Marin have not dropped despite lower sales volume.

"In Marin County, "the whole reason I think that we are seeing any kind of slowdown at all is because sellers are still pricing as if we are in an appreciating market, and we are not," Frank Howard Allen Realtor Kathleen Clifford said. "My message to sellers is be realistic, price your house appropriately and it will sell. If you have not priced it appropriately, for God's sake, take a price reduction."

This article is an interesting take on the current market slowdown.

Visit a top Frank Howard Allen Realtors Marin County Real Estate Blog.

Baby Boomers Real Estate

From an article called, "Where Boomers Are Buying And What They Want in a Home", by By Amy Hoak   

The country's more than 77 million baby boomers represent more than a quarter of the U.S. population and have a substantial build up of spending power. As more of them move toward retirement age, businesses are paying attention to what this generation's real estate needs are.

The article pretty much discusses the fact that the Boomers are big spenders and active.