Marin County Real Estate

We seem to be getting thef lazy summer real estate market without the lazy summer weather. Last Wednesday, according to one account, the weather in San Francisco was the coldest for that day since records have been kept, beginning in the late 1800’s. And, reportedly, we are having the coolest summer weather in over 40 years. Nonetheless, people are still going on vacation, and many have placed their real estate searches or plans on temporary “hold” while they are away. For Marin Real Estate this is fairly normal behavior. The Marin market usually comes back to life in September when everyone returns to work, or school, and stays fairly active until the holidays.

The first four months of 2010 was incredibly hot, with buyers racing to beat the April 30 deadline for federal tax credits, and total units sold were far ahead of 2009. As of July, year to date housing sales were substantially ahead of the same date in 2009, with Condo sales up 10.2% (270 vs. 245), and Single Family Homes up 34.2% (1024 vs. 763).

Recently the President of La Jolla based Data Quick, John Walsh stated, “The next few months should be very interesting. We’re about to see how well the housing market can fly on it’s own. The tax credits no doubt stole some demand from the rest of the year, and soon we’ll have a better sense of just how much.”

Right now the Bay Area is getting a boast from super low mortgage rates and a slightly friendlier lending environment. But, barring new governent stimulus, the housing market may be relying on improvements in the economy… time will tell.

One Cliff Road in Belvedere, California               Offered at: $28,850,000

Source: Bay Area Real Estate Information Services    For more information on this property click on the Search Property link above.

The Anlyan Report is written by Fred Anlyan who is a real estate Broker with Coldwell Banker in Greenbrae