How do I describe the Marin real estate market? Hot and cold and mostly lukewarm is my best description. The market varies widely depending on the location and the price range. The upper end homes continue to move through out the Bay Area but own a condo in Novato? Now is not the time to sell. We can’t hardly give them away! Want to buy a condo in Novato? It is a FABULOUS time to buy- make an offer!!
Looking for a remodeled four bedroom, three bath house with a flat grassy yard in a good school district in Southern Marin for under two million dollars? Cross your fingers and say a prayer, it is virtually impossible to find. Own one of these coveted homes? There is a huge pent up demand from buyers looking for this home and it will sell.
Even sellers who own that perfect Southern Marin four bedroom home need to be very careful where they price their home. Buyers are cautious and in most instances, they have lots of choices. Don’t be tempted to test the market unless you don’t want to sell your house. First impressions (AKA your initial listing price) are the most important. If you don’t capture a buyer’s attention in the first week, you rarely get it back again. Put your best face forward and price it right.
The question of the day: Should you buy or sell or wait? One answer does not fit all in this case. Give me your specific situation and I will guide you.