How low is the housing inventory in Marin County?

How many homes are for sale in some of the towns in Marin right now?

I just pulled the fresh stats and as of today, there are:

  • 10 homes for sale in Belvedere ranging in price from $2,5M-$8M
  • 39 in San Rafael ranging from $675K-$7M
  • 16 in Mill Valley ranging from$890K-$7M
  • 7 in San Anselmo ranging from $675K- $4M

Are they selling fast? Yes, but ONLY those that are priced right. The Marin market has been plagued by low inventory for years which has favored sellers. But what I experience right now is an interesting combination of a "sellers market" and ultra discriminative buyers. More than ever, this puts pressure on us realtors to ensure that homes are listed at "the right price".  

High-end homes usually takes a bit longer to sell, which partly explains why the 10 homes currently listed for sale in Belvedere has been sitting there quite some time. The average days on market for those 10 homes are a whopping 150 days.  That's a lot of days. Not so sure if that can be labeled a "sellers market"...

Bottom line; buyers always know value better than sellers.

Let me know if I can be of assitance to you or anyone of your friends or neighbors. I split my time evently between selling and buying clients so I know every step of the way on Buyers Ln and every turn on Sellers Way.

Post a Comment