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Two Tiered Housing Market in Marin County
Daily, there are articles in the media that paint a dismal picture of the national real estate market. While here in
Marin County, our local towns and cities, like Mill Valley,
Tiburon, Corte Madera,
San Rafael and Novato, are in the
midst of a two tier market.
The first tier is what I call a normal real estate market for buyers. Where the inventory and days on market of
homes has been increasing, but values have been holding. This has been occurring in the southern towns of Marin County,
like Mill Valley, Tiburon and
Larkspur. The second tier is a discount market, where homes are being priced $100,000
to $150,000 below the normal market, due to the sellers and the areas financial situations. These homes are either
short sales or foreclosed properties, mainly located in parts of San Rafael
and Novato.
Homes in Mill Valley, Corte Madera,
San Rafael and Novato are selling, whether they are in the first or second tier. There
are many opportunities for first time buyers and move up buyers in Marin County, because the values are holding up better
than the rest of the nation.
Marin Real Estate Blog
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