Marin Real Estate Market in Transition
The Marin real estate market is in a transition. Homes are staying on the market longer and we aren’t seeing as many “Seller Wish List” notices in MLS. Buyers are taking their time and being picky, if the home is not in top shape or overpriced it will sit on the market for a long time.
What most buyers are looking for (and yes, now sellers should care) is a home that does not need any work, inside or outside. That means the pest report is clean or close to zero, the paint, yard and floors are fresh and clean. If your home is a “fixer” it needs to be priced that way. Not so long ago the differential between a clean home and a fixer was small. Why buy a fixer if it cost less to buy a clean home where you don’t have the headaches?
Pricing a home properly makes the difference in how fast your home sells. The longer a home sits on the market the lower the percent sold to percent asking price is.
Our average days on market (and this includes escrow time too) for March 2006 is 66 days, up from 44 day in March 2005.
