Q3 produced a mixed bag of results, as rates retraced to previous lower levels and price reductions became more common on properties for sale. Buyers are acutely sensitive to price/value and are well researched and well financed. The results show that when Buyers see the perfect price, value, or location, they jump in. Otherwise, they wait. They are hunting for value and Sellers have found out that price reductions may be required to achieve a sale.
Sellers, particularly those upwards of $2,000,000 continue to offer homes for sale and as of the end of the third quarter, there were nearly 75 homes listed in Marin County from $2,000,000 - $3,000,000. Buyers can benefit in this market by being opportunistic and Sellers by being conservative on their list prices.
My guarantee to you remains the same: candid, truthful and professional real estate advice and services. Always!
Call me today for fact-based information to help you buy or sell.
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