Marin Real Estate Blog

MARIN HOMES FOR SALE - 2005, 2006, 2007 TREND

As seem below, SFR homes are quite comparable during the past three years, with condos for sale surged from 2005 to 2006, but stays flat from 2006 to 2007.

• The number of single family homes over $1M fro sale today is 7.5% great than in 2005 and 9% less than in 2006
• The number of single family homes under $1M for sale today is 85% less than in 2005, and 5.9% less than in 2006
• The number of condominimums under $1M for sale today is 83.2% greater than in 2005,and 1.25 greater than in 2006.

Information are based from BAREIS MLS and is deemed reliable but not guaranteed.  

I participate heavily on Trulia Voice , a site for buyers, sellers to come and ask real estate related questions; local or global; general or specific. This is also a site for Realtors® to come and exchange ideas.

One of the recent questions is whether this is a good time to buy and sell a home considering the current market.

The customer wonders if he should worry about whether the market is going up or down if he wants to buy and sell a home in locations with similar market trends.

Funny he should ask.

I have been advising my clients that this is a great time to either swap properties or move up or purchase investment properties.

If you are both buying and selling and the market is similar (for even playing field); if the new home is $800K and the old home is $600K, both at 5% lower than last year would have. You'd be saving $40,000 on the new home and losing $30,000 on the old home, with a net difference of $10,000 savings if you swap the two homes.

Of course, you are going to incur the expenses but you would have that no matter when you sell or buy. .

Another advantage to me is that since property value is going down, the property tax for you new home will be relative lower if you buy it now then if you wait for the housing price to come back up to sell your house and then buy it on an ‘UP' market.