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** Market Data blog: www.SMREB.com Marin's Best Research **
Bizarre Market Era:
The way home buyers shop changed dramatically in a 6 week period in the Fall of 2008: prior to October ’08, the home buying procedure was largely an emotional process-- now this process is dominated by perceived value and fear. If we can’t show how that home is a great value, buyers will simply move on until they find one—and they won’t have to go far.
The DuPont Group in its element:
Dave DuPont sold more homes than anyone at DB Sotheby’s in both 2008 and 2009. In 2009 Dave closed 19 deals, and over $28m in sales, finishing ~#6 in Marin County out of 1,400 agents. The DuPont Group has closed over $50m in sales since the recession began.
The Key to Success:
As discussed above, the market has changed dramatically, yet most agents are still working the same way they have for 20 years. They haven’t adapted to the market and are struggling as a result. Our group is thriving: Our work ethic and dedication to economic and market research results in successful transactions and saves our clients a lot of money.
The way home buyers shop changed dramatically in a 6 week period in the Fall of 2008: prior to October ’08, the home buying procedure was largely an emotional process-- now this process is dominated by perceived value and fear. If we can’t show how that home is a great value, buyers will simply move on until they find one—and they won’t have to go far.
The DuPont Group in its element:
Dave DuPont sold more homes than anyone at DB Sotheby’s in both 2008 and 2009. In 2009 Dave closed 19 deals, and over $28m in sales, finishing ~#6 in Marin County out of 1,400 agents. The DuPont Group has closed over $50m in sales since the recession began.
The Key to Success:
As discussed above, the market has changed dramatically, yet most agents are still working the same way they have for 20 years. They haven’t adapted to the market and are struggling as a result. Our group is thriving: Our work ethic and dedication to economic and market research results in successful transactions and saves our clients a lot of money.
Marin County Real Estate Update
In the last 44 years, there have been only two years (excluding 2008 & 2009) when average home prices in Marin County have decreased from one year to the next: -1.2% in 1991 and -1.4% in 1992-- after the S&L crisis.
Prices for Marin County homes fell -12.7% in 2008 and -21% in 2009.
Please visit my Blog www.SMREB.com for our full market commentary and research.
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