August in Marin: Crazy Times For Real Estate as Home Buyers Flee San Francisco
It’s August already here in Marin and as I look back, I can’t believe how things changed so quickly. Our normal busy months of March and April were basically at a buying halt due to the SIP in Marin and throughout the Bay Area. But as of May 1st, things were back to normal, with buyers looking to buy and get moved for the summer. By June 1st? The craziness was in full swing with unheard of buying activity, going straight through July with no end in sight.
City buyers dominated the lists for most agents as people mainly from apartments or condos sought out the safety and open spaces of Marin. Multiple offers were the norm on most well-priced homes with those “Done” and remodeled remaining in the highest demand. Buyers sheltering in place look now for enough bedrooms to convert one into an office. And for the first time since I can remember, pools are all the rage. If you gotta stay at home, why not make it your own private resort, right?
Mortgage rates sure didn’t hurt things as we started seeing rates below 3%. That too is a first and we don’t see that ending anytime soon, either.
Let me know of any questions on that. I’m here to help. Meantime, enjoy August wherever you are and please stay safe. As always, thanks for reading.