Kentfield CA Real Estate Q1 2011 Update

 Please read the “Marin Update” in right navigation column first.

Employment leads real estate which is why it is so important to measure regional economic data together with statistical trends to find opportunities or anomalies in our markets. The more recent the “comp” the less it tells us about these trends in real worth, and the more it tells us about buyer psyche and current market value. From this perspective at the top of the market homes were trading no closer to their inherent value than they were at the bottom of the recession. We use a full business cycle of data to determine “fair value” and trailing 12 month data to show where homes are trading in relation to fair value.

For most towns of Marin County including Kentfield, the outlook for real estate is fair—which is very good relative to most other places in the nation. The market for Commercial office space is picking up in San Francisco and this foreshadows new jobs and greater demand in 6-12 months. The current double dip we are seeing in prices in Marin is more reflective of the cost of construction, the dated nature of many homes and sellers of those dated homes becoming acclimated to the new pricing structure—i.e. dated homes are selling closer to lot value given the costs inherent in bringing them up to current trends in buyers tastes and wants.

As you scan the data below please consider that we compile all this data personally. We don’t buy it and paste it here. Your choice to work with us will save you money as the incredible time commitment required to assemble and publish this data each quarter results in much stronger and more dynamic negotiations which ultimately benefit you whether you’re a buyer or a seller.

The DuPont Group is a dynamic real estate team active in Southern and Central Marin communities. Dave received his MBA from Pepperdine University and is a Certified Financial Planner (CFP). Please call or email us anytime for more information

This entry was posted in Central Marin, Kentfield by dwdupont. Bookmark the permalink.

About dwdupont

David DuPont leads a team of real estate professionals (The DuPont Group) under the umbrella of Sotheby’s International Realty. In 2008-2010, Dave sold more homes than any other agent in the firm and brings over 15 years of business experiences to bear for the group including real estate transactions, internet marketing, search engine optimization, and finance. From 2011-2013 Dave continued to be a top producer not only in the Sotheby's office but also within the agent community.