Marin Home Sale Market Continues Onward and Upward, a Busy April Lies Ahead

It’s April already here in Marin and summer is definitely on the way. The days have been warm with only a few light storms in the last two months. As most of us long timers know, that can change though with April being unpredictable. What’s not unpredictable these days is the Marin housing market. “Busy” doesn’t begin to describe it as buyers from nearby cities have fueled the buying pool, ditching that apartment or condo, seeking more room to WFH, fresh air and open space to roam. 

Smart buyers started locking in their purchase price, low mortgage rate and property tax base back in January, moving forward right through March. Multiple offers were almost the norm on any well-priced, well-located home. Those buyers who got shut out had to up their game and cash in a few more acorns to win at the next round. And win they did, usually in the first seven days of going on the market.    

Meanwhile, smart sellers continue to do as much pre sale prep work as possible. (Man, that’s a lotta p’s…). With everyone so busy these days, many buyers have no time or inclination to embark on remodeling or even minor fix up projects. So they happily pay up if you do it for them, which we are seeing with more frequency. Sellers that trade up or down within the county usually have to sell first, but not always. And while some have chosen to move out of state, the positive migration into California remains at somewhere around 3% annual growth. Where they choose to live remains to be seen, but with our fixed supply of homes and a growing demand here, they better be ready to compete when they find that dream house. As I tell them, just be ready for anything and remember my watchwords for success: compromise and flexibility.

That’s it for now. Enjoy April and all of 2021 wherever you are and please stay safe. As always, thanks for reading.

Ted

415.377.5222

ted@gomarin.com

Filed under: Marin Real Estate Blog by Ted Strodder