Think Marin and expensive comes to mind. Yes, there are multi-million dollar residences for sale, but surprisingly, there are also much lower priced homes on the market as well.
Least expensive- Least expensive home for sale now: Novato for $159,900
Least expensive homes that sold in March $125,000 in Lagunitas, and $250,000 in San Rafael.
Most Expensive- The upper end: 147 homes available for sale above $2,000,000, with the highest being $3,321,000 in Tiburon.
One of the first, measurable signs of a real estate turnaround, is an increase in the number of sales that happen. With the first quarter of 2010 in the books, the number of closed deals in Marin County is up 60% over the last year. And, it is not just foreclosures, and discount prices that are motivating buyers. There have been 24 deals done s far this year, on homes for over $2,000,000.
The inventory of homes for sale has been increasing slowly, and number of sales has also. The balanced trend will tend to keep prices steady then they have been, and potentially lead to some price increases in the areas where inventory is low, and demand is growing. Keep an eye on interest rates. Upward pressure is sure to come later this year. That will not have a positive affect on home values. They may counter balanced by federal and state home-buyer tax incentives, that will be around for a limited time during the summer months.
http://www.cloneyrealestate.com
Tuesday, April 6, 2010
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