Sunday, June 25, 2006

Hamilton is Up for Sale

I was up in the Hamilton area today visiting and I was shocked by how many properties are for sale there. I counted 26 for sale signs on the route I drove and managed to snap this lousy camera phone pic; there are nine for sale signs in that picture.

16 Comments:

Blogger palladium said...

Does anyone else feel like the market has made a turn in the last couple of weeks?

I went on vacation for a week (to Germany...boy does marin look pale), come back to my down-market section of Tiburon and for the first time in several years....a house is for sale with a sign in the yard. One other house just had its longtime residents moved out in a couple of big vans...probably house number two for sale within the next week.

The start of the trend?

I would think that the most marginal areas of the upper crusty towns like tiburon (and the whole of mill valley) would be on the vanguard of this.

Jun 25, 2006, 2:30:00 PM  
Blogger Lisa said...

Today I went to the open house of the home in Fairfax I sold in '04 (I bought it in '96). The house was 8 years old at the time I sold it and was in pristine condition, but the new owner proceeded to dump a lot of money "upgrading" it regardless. With this "improvement" spending, agent commission and paying mortgage/property taxes for 2.5 years, the owner is at break-even at best. Absolutely zero profit to show for it.

I am so thankful to have made my money and got out!!

Jun 25, 2006, 4:56:00 PM  
Blogger marin_explorer said...

We also noticed a lot of signs driving through San Anselmo and Fairfax today--noticeably different over last week. It looked like last fall, with perhaps a few more.

Stopping by an open house, a 4000sqft craftsman, the realtor was willing to drop $200K on the spot (2.3-2.1), and I bet someone could negotiate for more. The owners seemed a little desperate, wanting to sell or "rent if nobody buys".

Jun 25, 2006, 7:40:00 PM  
Blogger Marinite said...

The Marin Market Heat Index is at 0.59; I've never seen it so low before.

http://www.marinheatindex.com/

Jun 25, 2006, 9:02:00 PM  
Blogger sf jack said...

palladium said:

"Does anyone else feel like the market has made a turn in the last couple of weeks?"

Yes.

I was in Ross, Kentfield, Greenbrae and Larkspur yesterday. One intersection in Kentfield appeared to have more "Open House" signs than I've seen "south of San Rafael" ever.

palladium, again:

"The start of the trend?"

Let's hope so.

Jun 26, 2006, 8:40:00 AM  
Blogger sf jack said...

One intersection in Kentfield appeared to have more "Open House" signs than I've seen "south of San Rafael" ever.

*******

In one location.

Jun 26, 2006, 8:41:00 AM  
Blogger Marinite said...

I was in Ross, Kentfield, Greenbrae and Larkspur yesterday. One intersection in Kentfield appeared to have more "Open House" signs than I've seen "south of San Rafael" ever.

If you have any pics, please share them.

Jun 26, 2006, 9:39:00 AM  
Blogger marin_explorer said...

One intersection in Kentfield appeared to have more "Open House" signs than I've seen "south of San Rafael" ever.

SF Jack-
I must have missed that, and in my neighborhood! Was that college & Woodland or another location? I'll take pics if they haven't pulled the signs.

Jun 26, 2006, 10:09:00 AM  
Blogger sf jack said...

marinite -

I didn't have a camera with me and thinking about this... I suppose I'm not cool enough yet to have a phone with digiphoto capabilities. :)

marin_explorer -

I don't know the area that well, but it was near where College "turns into" Magnolia, I think, by a gas station (which was on the right, coming from the north off of SFD).

This intersection had a few streets coming in at different angles and a concrete island in the middle - where there were five or six signs on the island and another sign over on the right side across the street.

This was at 315 pm yesterday.

Jun 26, 2006, 11:27:00 AM  
Blogger marin_explorer said...

SFjack-
Thanks, sounds like the College-Kent-Woodland intersection. Checking today, those signs were taken down; I'll post pics next weekend.

Jun 26, 2006, 12:37:00 PM  
Blogger Fortunate One said...

"where there were five or six signs on the island and another sign over on the right side across the street."

That makes sense since you're talking about the only entrance to Kent Woodlands which has nearly 800 homes

Jun 26, 2006, 2:40:00 PM  
Blogger liquidynamics said...

for sure, i've noticed a change in the market. I went hiking yesterday in the hills in Los Altos. I don't usually see for sale signs in this area, but I saw about 10 yesterday-all on the same corner.

Jun 26, 2006, 2:44:00 PM  
Blogger fredtobik said...

Definetly different than last year. 12 houses in my area have been for sale with 6 being sold. The houses that are selling are the nicer homes that are not contractor specials.

The houses not selling appear to be "pigs with lipstick" or that flipper that hasn't realized 15% apreciation is so 2004.

Jun 27, 2006, 9:29:00 AM  
Blogger surfer-x said...

For Sale signs. Right. Clearly the Bubblehead Rapture is at hand.

Jun 28, 2006, 7:01:00 PM  
Blogger Marinite said...

That would be "rupture". As in popping of the bubble head. Rapture is for fanatics.

Jun 28, 2006, 7:40:00 PM  
Blogger surfer-x said...

Yes, bubble heads are indeed ruptured.

Jun 28, 2006, 9:50:00 PM  

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