It’s February in Marin and what a pounding we’ve had. Not from politics, the weather. With nearly 60 inches of rain locally and over 15 ft of snow in Tahoe, it’s safe to say that winter is definitely here. The winter of old, too, filling all our reservoirs for many days to come and lifting the drought in many northern parts of the state.

Meanwhile, in Washington, the new president made a record 20 executive amendments in his first 10 days, sending the clear signal that changes are on the way for the country. Some may ultimately impact the financial or lending worlds, but what does that mean for us? As you’ve probably heard most of the experts say, “Who knows”, and I agree. We have no history here of this volume of changes, past or future. All we can do is sit back and watch. And hope for the best.

For the Marin housing market, not much change in the last month: pretty much the same with high buyer demand and low inventory, but we expect both of those TO change soon. That is, more of each.

Our selling season starts early here, usually in February. But if it’s a month of rain (like January), that could delay new listings from hitting the market. Either way, more homes should be coming up for sale. Just don’t look for a flood, more of a trickle, unlike what the heavens have been unleashing on us.

February also brings more buyers to the market, growing in size as the weather warms up. Smart one’s will buy now, before the open houses get packed. Though I know it would be tempting to think the (near) perfect house may be just around the corner. My advice: don’t wait. Prices are likely to just continue up, slowly but surely, so why not lock in a price (and a property tax value) now, especially if you’re getting a mortgage. Just remember, without compromise and flexibility, you’re probably just going to keep looking forever.

For now, enjoy February, wherever you are. As always, let me know of any questions, thanks for reading and here’s to a great 2017!

TS

Text or call 415.377.5222 or ted@gomarin.com

Filed under: Marin Real Estate Blog by Ted Strodder