2016 Q1 Market Update: Say it isn’t Slow!
Overall, Marin house prices continued higher, but in individual towns, some were up, others down. Could this be the beginning of price moderation? This has been a topic of conversation amongst real estate professionals for several months now—the fact that the market feels as if it is slowing down. Whereas 2 years ago, we might see 10 offers on a property, now it is closer to 3-5. And wow, we are starting to see real negotiations taking place and with them, monetary concessions from Sellers. Still a high priced market, to be sure, but some welcome moderation is returning. A “normal”, balanced market would make for a nice change! Call me today for ideas on how YOU can benefit from these market shifts.
Overall, Marin house prices continued higher, but in individual towns, some were up, others down. Could this be the beginning of price moderation? This has been a topic of conversation amongst real estate professionals for several months now—the fact that the market feels as if it is slowing down. Whereas 2 years ago, we might see 10 offers on a property, now it is closer to 3-5. And wow, we are starting to see real negotiations taking place and with them, monetary concessions from Sellers. Still a high priced market, to be sure, but some welcome moderation is returning. A “normal”, balanced market would make for a nice change! Call me today for ideas on how YOU can benefit from these market shifts.
