Bizarre Market Era:
The way home buyers shop changed dramatically in a 6 week period in the Fall of 2008: prior to October ’08, the home buying procedure was largely an emotional process– now this process is dominated by perceived value and fear. If we can’t show how that home is a great value, buyers will simply move on until they find one. This trait of shopping for homes by value is one of the lasting characterisitcs of this Great Recession. How long it will last in anyone’s guess.
Most real estate markets in Marin Bounced back in 2010, Q1 of 2011 is showing addtional signs of pricing pressure. Please read the Q1 2011 Marin Update for more information
The DuPont Group in its element:
Dave & Jaime DuPont sold more homes than anyone at DB Sotheby’s in both 2008 and 2009. In 2009 The DuPont Group closed 19 deals, and over $28m in sales, finishing ~#6 in Marin County out of 1,700 agents. In 2010, Dave & Jaime finished #4 in Marin county closing over $30m in sales. All in all The DuPont Group has closed over 45 deals and $75m in sales since the recession began in 2008. Our success is based on using research to find value for our clients.
The Key to Success:
As discussed above, the market has changed dramatically, yet most agents are still working the same way they have for 20 years. They haven’t adapted to the market and are struggling as a result. Our group is thriving: Our work ethic and dedication to economic and market research results in more successful negotiations, and saves our clients money.
The market research you see here is just part of the data we compile to assist our clients in buying and/or selling homes at the most attractive prices. Information is power and we use this data better than any other agents in the area to save our clients money.
Please call or email Dave anytime for more information Dave@TheDuPontGroup.net or 415-867-6611.
Dear Dave
I am a homeowner/landlord in San Diego, a 3 year renter in Mill Valley, and a passionate learner of real estate hoping to get my licence in the next 3 months. Being a learner, I read as much as I can daily about whats happening in the Marin market….especially Mill Valley. I have decided to try my hand at realty because I have been so disheartened and horrified by the plethora of misinformation put out by realtors who have no interest in properly representing their clients. Until now, I had wondered what sort of reception I will get from the current realtor community, given that I am keen to provide a proper and informed service to my eventual clients. I read your blog today….which makes perfect sense to me, and am heartened that there is an element in this community using logical information (rather than manipulated charts and paragraphs) and good sound advice to inform the general public and arm them properly to make the right decisions. I will continue to read your blog..thankyou
Comment by Karen Nwose — February 23, 2010 @ 11:59 am
Dave, as a market participant myself and a fan of statistical significance…the structure of your analysis not only improves the working relationship of the Realtor and Lender – which benefits the Consumer in a transaction, but applying this thought process into market transactions today will increase the chances of a more stable and longer term recovery.
Christopher K. Hart
President
First Cal
Comment by Chris Hart — January 4, 2011 @ 10:54 pm