June 23, 2008

What’s Hot and Not in Marin

It you price it right and your place is in a good location, they will come.  As they have to two properties this week which sold so quick after their debut that the for sale sign barely went up.

74 Meadow Dr, Mill Valley - 3 beds, 2 baths - $839,000:  Rare to find a single family home in Mill Valley for under $1 million.  So this one, in a well positioned location, is simple and straightforward and priced to attract those looking to get a Mill Valley address.  It went into contract within a couple of days.

507 Oakdale Ave, Corte Madera - 3 beds, 1.5 baths - $829,000:  No pics as ths one was billed a fixer.  But in very favored Chapman Park of Corte Madera.  Someone who saw the potention was very willing to put some work into this and got this into contract shortly after the listing became active.

 So those are the lucky two for the past week.  And below are a few who are in need of some luck, having been on the market for 90+ days:

32 Mariner Green Dr, Corte Madera - 4 beds, 2 baths - $610,000:  Two+ months shy of the year mark, this attached home is in the Mariner Green community.  There hasn’t been a price reduction since Nov 2007.  Maybe it’s due for another one.

95 Nelson Ave, Mill Valley - 3 beds, 1 bath - $1,065,000: My guess for why this one isn’t gaining much attention is that no one wants to pay over $1 million for a house that is a tad bigger than 1000SF.  The location in Sycamore Park of Mill Valley is great, but at over $1000  per square foot, it is on the higher end of MV asking prices.  Maybe time for another reduction here.