Marin Home Sale Statistics
June has some
interesting stories to tell about the Marin real estate market. Here
is a sneak-peak of more statistics to come later next week.
- $750K to $1.5M
- Over $1.5M
- If your home is listed under $750K, 49% of your competitors were under contract in June.
- If your home is between $750K and $1.5M, then 24% are under contract.
- If your home is over $1.5M, then only 10% are under contract.
Also,
notice that the majority of homes under contract (180 in June) were
under $750K, with 119 homes under contract from $750K to $1.5M. The
market over $1.5M had only 35 homes under contract. At every price level, sellers need to prepare themselves
for longer times on the market and long negotiations with buyers.
Buyers need to be prepared for 'hold-out' sellers who are unwilling to
negotiate price or terms. The market is neither for buyers or sellers
right now, instead it is for patient dealmakers who listen carefully
and proceed with integrity. Real estate is still about people, and the best deals are made by those who work hard to meet the needs of everyone involved.
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