Please scoll down to see Q2 2011 Data. Also please consider that I compile all this data personally. Your choice to work with us will save you money as the incredible time commitment required to assemble and publish this data each quarter results in much stronger and more dynamic negotiations which ultimately benefit you whether you’re a buyer or a seller:
Big Picture:
A distinct surge in positive home buying sentiment appeared in the first few months of 2011 triggered primarily by people wanting the recession to be done with and reacting to each positive media announcement as proof that the “Great Recession” was FINALLY OVER! Unfortunately, the earthquake and tsunami in Japan, and the revolutions in the Middle East combined with dismal US economic data domestically reversed this media consumer trend and scared the home buying turtles back in their shells.
The current statistics clearly indicated a double dip in prices in Marin County—the severity of which is town dependent: Tiburon is having its worst year on record while Ross, and Kentfield are having quite positive years. This broad based double dip in prices is more reflective of sellers finally accepting the new pricing structure that a general decline in the pricing structure itself.
This double dip in prices combined with rising (energy) prices hint to a potential rough economy for a year or two ahead. I anticipate 5 more years of challenging real estate market conditions broken up by brief periods of buying activity.
Seller Tips:
- Sellers need to be priced properly, on the MLS, and on lockbox available for buyers to see at a moment’s notice to capture these fleeting spikes of buyer activity.
- The market has never been more price dependent and buyers never more informed and price conscious. Homes must be priced within a “window of perceived value” in order to garner offers—otherwise the property won’t get many showings and is quite unlikely to sell.
- The typical seasonal trends of strong Springs and slow Summers & New Years have changed and now any time of the year is an equally challenging time list your home for sale. We never know when these spikes of buyer activity will occur and during the Great Recession they have occured sporadically year yound.
Buyer Tips:
- Success for home buyers is dependent on a quick trigger finger. Homes sit until prices fall into the window of perceived vale and then they sell very quickly. Don’t lose the deal because of a rounding error in highly charge negotiations.
- Buyers need to price homes by lot value and structure cost in addition to “the comps”. I have recently seen some homes trade for too much and others not enough because of valuation uncertainty.
Greenbrae CA Real Estate & Greenbrea CA Homes
Greenbrae is breaking the trend of Central Marin advance and Northern and Southern Marin decline– it is having a moderately down year like the reso of Marin.
As you scan the data below please consider that we compile all this data personally. We don’t buy it and paste it here. Your choice to work with us will save you money as the incredible time commitment required to assemble and publish this data each quarter results in much stronger and more dynamic negotiations which ultimately benefit you whether you’re a buyer or a seller.
The DuPont Group is a dynamic real estate team active in Southern and Central Marin communities. Dave received his MBA from Pepperdine University and is a Certified Financial Planner (CFP). Please call or email us anytime for more information
Greenbrae CA Real Estate is having a mixed year so far– homes are selling but lower price points. Many areas of Marin are seeing moderately improving prices, but not Greenbrae. The silver lining is that at least homes are selling: especially in the bottom 3 quartiles of the market. Sellers are pricing their homes appropriately and buyers are buying: almost 30% of the homes on the market are in escrow! This is representative of a balanced and health market.
Please reference the Marin Update for additional information.
Please call or email me at 415-867-6611 or email me at Dave@TheDuPontGroup.net to set up a time to talk. Our marketing website is www.TheDuPontGroup.net.
The Spring 2010 market is off to a roaring start. The momentum started late in 2009 in the lower market segments (bottom 2 price quartiles of each town) and has continued in those market segments. The health of any real estate market originates in the lower market segments and slowly ripples up the price spectrum until at the end of the cycle the top of the market peaks when the lower end has already started contracting—as happened in the last cycle. While average, median & $/SQFT price trends are marginally improving, unit sales are seeing a greater bounce.
Please start by reading the Marin Update: at right click “Marin Update”.
Additional information regarding Greenbrae CA Real Estate can we found on www.TheDuPontGroup.net , our groups primary website.
Marin Real Estate
In the last 44 years, there have been only two years (excluding 2008 & 2009) when average home prices in Marin County have decreased from one year to the next: -1.2% in 1991 and -1.4% in 1992– after the S&L crisis.
Marin County average residential home prices fell -12.7% in 2008 and -21% in 2009.
A unit-sale weighted average of Southern, Central & Northern Marin show Southern Marin prices are down -17.4%, Central Marin down -13.1%, and Northern Marin down -18.4% from 2008 levels.
For much more more information from a mile high perspective please see right nav bar, click & read “Marin Update”.
Greenbrae Real Estate
Greenbrae CA real estate is currently the worst off of all suburban Marin Towns. Only 13% of the homes on the market are in contract. any number below 20% indicates a buyers market; the average days homes have been on the market is 125 days. This is another indication of the demand in the marketplace– buyers are families looking for great neighborhoods, with great public school systems within close proximity to San Francisco jobs. They apparently are finding this in other places than Greenbrae.
In 2008 and 2009, Dave and the DuPont Group are leading agents in Marin County Real Estate. Since the recession began in earnest in 2008, Dave personally closed over 36 sales and $47m in real estate sales, and his group has closed over $60m. For 2 years running Dave has sold more homes than any other agent at DB Sotheby’s Intl Realty. The data in these pages represents the extra mile we go for clients and is our competitive advantage over other agents in all parts of Marin. Now is not the time to select an agent to represent you because they are a friend or even because they may have represented you in the past. The work habits most realtors has evolved over the past 20 years are not translating well into selling homes in today’s real estate environment where home buyers make decisions because of financial considerations as opposed to emotional ones.
Dave is a Certified Financial Planner (CFP), Certified Financial Manager (CFM), received his MBA from Pepperdine University, a CA real estate broker and worked for approximately 10 years in the San Francisco financial district. This Blog works in conjunction with The DuPont Groups primary web site.
Please call me to discuss this information in more detail 415-867-6611 – Dave
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