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The Fall of 2008 will be remembered in Marin County real estate as the beginning of the last great buying opportunity. How long it will last is unknown. Our projection is 3 years or less.
All markets, real estate included, move in cycles, with euphoria soon counter by phobia. Even at its peak, Marin real estate was not over-valued. Why? The future value of the land. There is a very limited supply of buildable land in Marin County, with pristine environment and temperate climate, with great schools and safe neighborhoods, so close to San Francisco, and the technological epicenter of the world. Considering the burgeoning global population and finite resources, we are, and will be, sheltered here from so many storms.
Prices may fall in the short-term due to financially distressed situations, and the resulting forced liquidations; then home valuations (by comparison to recent sales) will be skewed lower for a time. But investment money and families will seek safe havens (which Marin certainly is) and will bring valuations back in line with the lands’ future worth.
Home Buyers and Valuations: Start first with the value of the land and the reasons why; then the value of the home itself. Prices of Marin homes are, and will be--for a time--undervalued. Thinking in generations, one (or more) home(s) in Marin will be prized by your children, grandchildren, and beyond: when they might otherwise fail to afford Marin even as successful young professionals.
Home Sellers: Finding the best buyer for any home will take a perfectly constructed and flawlessly executed marketing plan. To catch a Bluefin, you must properly fish for one. The days of throwing a week-old piece of ham on a hook and tossing it over the side of the boat, while chatting on a cell phone, are over. Within The DuPont Group, we analyze decades of data for our valuations, cross-platform market to the world, and then juggle to sell your home to the best buyer for top dollar. Our results speak for themselves.
Our market commentary and data analysis can be found in our quarterly newsletter. Please email us to subscribe.
Sheltered from the Storm
The Fall of 2008 will be remembered in Marin County real estate as the beginning of the last great buying opportunity. How long it will last is unknown. Our projection is 3 years or less.
All markets, real estate included, move in cycles, with euphoria soon counter by phobia. Even at its peak, Marin real estate was not over-valued. Why? The future value of the land. There is a very limited supply of buildable land in Marin County, with pristine environment and temperate climate, with great schools and safe neighborhoods, so close to San Francisco, and the technological epicenter of the world. Considering the burgeoning global population and finite resources, we are, and will be, sheltered here from so many storms.
Prices may fall in the short-term due to financially distressed situations, and the resulting forced liquidations; then home valuations (by comparison to recent sales) will be skewed lower for a time. But investment money and families will seek safe havens (which Marin certainly is) and will bring valuations back in line with the lands’ future worth.
Home Buyers and Valuations: Start first with the value of the land and the reasons why; then the value of the home itself. Prices of Marin homes are, and will be--for a time--undervalued. Thinking in generations, one (or more) home(s) in Marin will be prized by your children, grandchildren, and beyond: when they might otherwise fail to afford Marin even as successful young professionals.
Home Sellers: Finding the best buyer for any home will take a perfectly constructed and flawlessly executed marketing plan. To catch a Bluefin, you must properly fish for one. The days of throwing a week-old piece of ham on a hook and tossing it over the side of the boat, while chatting on a cell phone, are over. Within The DuPont Group, we analyze decades of data for our valuations, cross-platform market to the world, and then juggle to sell your home to the best buyer for top dollar. Our results speak for themselves.
Our market commentary and data analysis can be found in our quarterly newsletter. Please email us to subscribe.