With the second quarter market activity results in mind, I thought it would be a good time to refresh on selling during this real estate during this time. We are experiencing a delayed spring market fueled by historically low interest rates, and buyers in high focus on where they live and spend so much of their time in the current SIP climate. We may not need to shelter in place for years to come, but doing so has brought to the forefront the aspects of home and property that make it work more pleasantly for each of us.
There is a new focus on the need for a home office either with an interior room dedicated as such, or enough space on the property to add an accessory structure. Many people who never thought about having a pool suddenly want one, along with a hot tub, and outdoor fire pit and patio – anything to make their property a more enjoyable “staycation” retreat.
Many well priced homes that are prepared for the market with fresh styling are receiving multiple offers. Five can be expected, and there have been some cases with as many as 12 and 15. This usually indicates a list price that is extremely aggressive to attract attention, combined with a southern Marin location which attracts a higher number of San Francisco buyers.
Overall the market is robust! It’s a great time to sell, and while there is competition for buyers, the low interest rates make now an opportune time to buy. In addition, many sellers wait for active markets to put the prime homes on the market, so the choice of homes currently listed is the cream of the crop!