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.
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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!!
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".
The Marin Market Heat Index is at 0.59; I've never seen it so low before.
http://www.marinheatindex.com/
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.
One intersection in Kentfield appeared to have more "Open House" signs than I've seen "south of San Rafael" ever.
*******
In one location.
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.
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.
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.
SFjack-
Thanks, sounds like the College-Kent-Woodland intersection. Checking today, those signs were taken down; I'll post pics next weekend.
"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
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.
For Sale signs. Right. Clearly the Bubblehead Rapture is at hand.
That would be "rupture". As in popping of the bubble head. Rapture is for fanatics.
Yes, bubble heads are indeed ruptured.
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