Marin Real Estate Market is Impoving
The statics shown below indicate the percentage of homes on the market that are in escrow (the higher the percentage in escrow, the stronger the market). It is interesting to see how the market shows downs as the mortgage mess hits but have since started to turn around. Because it usually takes a month or so for a home to sell once it goes in escrow the numbers tend to follow, rather than lead, what the market is doing.
Considering how badly real estate is in many parts of the state and country we are lucky the Marin real estate market is doing as well as it is. Historically Marin prices have not taken the wild swings down so this is not surprising to see this again. If you bought your home within the past couple of years and are trying to sell it now be prepared, you may be taking a loss. Marin real estate, like all real estate is a long term investment. Don’t look at real estate as day-trading or you may be taking the same financial hits day-traders do.
Warren Carreiro
warren@realtyofmarin.com
http://www.realtyofmarin.com/
