Thursday, June 25, 2009

June Marin Real Estate News

To see the entire newsletter for June on my website:

Below you will find a break down by city and price range of how many homes are in contract compared to how many homes are listed. Overall Marin is in a “Buyers Market” category, but this is a bit misleading. The very low end of the market (homes priced under $500,000) is actually in a “Strong Sellers” market, which tips the overall averages. The high end of the market (over $2,000,000) is in an Extreme Buyers market. I think if you took out the low end of the market (condo sales) the market would be in an overall “Strong Buyers” market.
In Novato multiple offers have been the norm. (as can be seen by the fact that Novato is now considered to be in a “Strong Sellers” category).

Keep in mind that these multiple offers and the sellers market is in the low end, where there have been numerous foreclosures and short sales. The Middle to high end of the Marin market is s still challenged, as there is a lot of inventory and it’s harder to get Jumbo loans. This is especially the case for homes priced over $2,000,000.

I’ve heard of some distressed sellers taking offers for as much as $500,000 off the asking price. Every sellers’ situation is different, so It’s important that your buyers agent investigate the reasons as to why the seller is selling. If I can help you devise a strategy, feel free to contact me: Liz@BayAreaREalEstateSales.com

For readers of my newsletter, I recently listed a property downtown Mill Valley. http://www.208cortemadera.com/ This home has never before been on the market. Within the first week of listing it, I received 3 offers on the house. I was very surprised to find that all 3 of the offers came in UNDER list price. We ended up countering the buyers and closed on the house just this week (a very quick escrow) for list price: $899,000. During the entire time I was in escrow I continued to receive multiple calls a week for showings and to find out how the escrow was going. This shows to me that for the right property (this was a great fixer within 2 blocks of downtown) that there is strong interest out there for homes priced under $1M.

Foreclosure activity, in the article/chart below: you’ll see that the number of Pre-foreclosures, Auction and Bank-owned property was about the same as in May overall. The number in pre-foreclosure did decrease. If you’d like to see the bank owned homes on a map, you can do a search here: Search the Map Based REO (Bank Owned) Homes in Marin Click Here


LIZ HAS BIG NEWS!!!

I’ve always felt that working for a locally owned Boutique brokerage was a benefit to my clients. In order to serve my clients even better, I have exciting news to announce! Vision Real Estate has merged with McGuire Real Estate.

This is from the recent press release: "This merger provides new opportunities for McGuire and its clients. With the addition of the Vision team, we are able to extend our presence in Southern Marin County. We waited for the right opportunity to partner with a technologically-savvy marketplace leader such as Vision," said Charles Moore, CEO of McGuire Real Estate.


LIZ McCARTHY LISTINGS

208 Corte Madera Ave, Mill Valley:








Mid-Century Classic just a few blocks from downtown Mill Valley. This 1950's home has never before been on the market. Update it to current mid-century modern standards or build your dream home nestled in the redwoods just around the corner from town with it's many parks, schools and quaint shops. This home has been well-loved for many years by its owners. The gardens all around the house feature many varieties of plants and flowers and are all on drip-irrigation.
This won’t last long!
Price: $899,000
SOLD $899,000 in 41 days with 3 offers!


27 Rutherford San Anselmo






This is what you have been waiting for - Fall in love with this sunny and bright 2 Bedroom, 2 Bathroom charming San Anselmo home. You'll find 1930's period details, an updated kitchen with marble counters and high-end stainless-steel appliances, hardwood floors and decorator colors. It is just up the street from one of San Anselmo's award wining elementary schools. It has a sunny deck for entertaining, a flat, grassy yard and a private drive with a locking gate. Ample storage and parking for more info and pictures. This won’t last long!!! This property is currently contingent, but we are awaiting bank approval for the short sale.

Don’t forget about Liz’s 3 other listings:

22755 S Central Ave, Sonoma

Wonderful horse/vineyard property located in convenient East Sonoma with so many amenities you have to see it in person: 5 private acres includes: Breath-taking vineyard views, an organic Chardonnay vineyard (located in prestigious Carneros Vineyard Region), gated property, custom spacious main house with 2 master bedroom suites + additional room/office (no closet), 2.5 bathrooms, granite kitchen and stainless appliances, pool, sauna and landscaped back-yard, detached guest house (1BR/1BA) with private driveway/garage, separate artist/studio/retreat, beautiful barn with 5 horse stalls, tack room, electricity and water, paddocks and turn outs, hay barn with trailer parking the property even has numerous redwood trees for peace and tranquility.

Price reduced again – Make any offer, very motivated Seller!!

Price: $1,199,000 (was originally $1,790,000!)


48 Liberty Dock
Enjoy the Waterfront lifestyle in this almost new Floating Home in Sausalito. Stunning Remodeled home with Amazing attention to detail. Custom wood-work makes this home shine. It features an open floor plan and a full-size kitchen with plenty of beautiful maple cabinets, granite counters, stainless appliances and even a hidden drawer dish-washer. Down the wood stairs are 2 bedrooms and a full-size bathroom. The granite and limestone bathroom features a gigantic soaking tub, and full size shower. The attention to detail and quality throughout this home is hard to match. Peaceful mountain and water views. Come enjoy the lifestyle of living on a Floating home! On a highly coveted dock in a premier deep water location. Only 10 minutes from SF.

WHAT DO LIZ'S CLIENT'S SAY?
"We contacted Liz McCarthy after doing much research on the agencies in the area. We were attracted by the small, boutique nature of her agency as well as the fact that she is e-Pro certified. We were gifted a home through the estate of an alumnus and needed someone who could work efficiently through electronic means. She did a superb job coordinating clean-up, advertising and negotiating in very unusual circumstances.
Liz provided timely advice, support, and communication that kept the selling process going forward. Every phone call was returned and feedback given after every showing. We were in contract within weeks of the listing and her negotiations got us top dollar. We appreciate all she has done for us and would not hesitate to refer her to anyone looking to sell their home in the Mill Valley area."

- The Ohio State University Foundation, Columbus, Ohio (June 2009)
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)