June 22, 2008

Enticing Price Reductions in Marin

It’s no doubt that it’s still a buyer’s market in Marin.  And for those home sellers who are looking for a buyer and still haven’t found one, there have been a few eyebrow raising price reductions.  These price drops signal a motivated seller and for the right person, possibly a deal in the making.

Below are this week’s recent reductions which turned my head:

246 Miramar Ave, San Rafael - 4 beds, 2 baths - $699,000:  This is a 2 bedroom home with a 2 bed, 1 bath unit downstairs, bringing a total of 4 bedrooms.  Located in Gerstle Park, it just knocked off $50,000 from its first ask of $749,000 about 19 days ago.  Short sale approved.

111 Labrea Way, San Rafael - 4 beds, 2 baths - $459,990:  Near China Camp in the Santa Venetia area, there are some good bargains to be found around here.  This one is approved for short sale and is looking for a buyer fast.  A nearly $80K reduction, the original ask was $538,000 when it was first listed a little less than 2 weeks ago.

55 Park Ave, Mill Valley - 3 beds, 1 bath - $939,000:  This one just slashed its price by $100,000.  Great location in central Mill Valley, it first asked $1,099,00 a little over a month ago. 

15 Corte Placida, Greenbrae - 3beds, 2 baths - $859,000:  On the market for almost 6 weeks, this is the first price reduction on this home high up in the Greenbrae hills.  Hoping to garner more attention, it just cut its ask by $40,000.

9 Sunnyhill Rd, Novato - 4 beds, 2.5 baths - $669,000:  If Novato wasn’t too far for me, I would be totally checking this one out.  For under $700K, you get a 2600+SF house on a quarter acre that includes a pool.  It’s short sale approved and has been on the market since November, when it made its debut at $779,000.