Why won’t my Marin home sell?

Almost every home seller I meet thinks their property is special, and will sell quicker than other homes that are out there on the market.  Their home is special- to them, but what they think is especially GOOD may be considered especially BAD to a potential home buyer.

What are the top reasons homes in Marin don’t sell?

The home is over priced. If the market data is telling you to price your home at one price, and you have said those famous last words, “yes, but my home is special”, well, you might need to rethink this thought process.  The biggest reason Marin homes don’t sell is PRICE.

Insufficient property preparation and presentation. Unless you plan to price your home at a rock bottom price, property presentation is crucial to the sale of a home.  Preparing a property to sell includes a number of very important factors including:

  • General maintenance – paint, functioning appliances, no leaks, etc.
  • Landscaping – nice curb appeal is crucial to get potential home buyers in the door.  If it doesn’t look good from the exterior- the majority of home buyers will never get out of the car.  Good exterior spaces can sell a home.
  • Interior staging- whether you stage it yourself or a hire a professional stager, staging can sell a home.  Professional stagers are experts at taking awkward spaces and making them functional and beautiful.  The majority of home buyers don’t live their life like you. Or at least they don’t think they do.  Home buyers don’t have vision on how to make your space into their dream home. Professional stagers can help create that vision for them.

Poor marketing. A solid marketing strategy is crucial to the sale of your home.  If home buyers can’t find your home, how are they going to buy it? Once a home is properly prepared, it can be marketed.  The first step to a good marketing plan is professional photographs.  Unless your agent is a professional photographer by night, they probably don’t have photographs that will WOW a buyer.  With lots of other homes on the market, satisfactory photos are not enough- you need WOW.   Think WOW NOW, not WOW later. If you rush to get your home on the market and don’t take the time to properly prepare and market your home, you may miss your window of opportunity.  The initial launch of the sale of your home is absolutely crucial.  Home buyers searching online may look at your home once, but once they dismiss it, is unlikely they will ever return to view it again.  WOW NOW, not WOW later (this includes price too!). It constantly amazes, shocks and horrifies me how many homes are marketed with poor photographs or even no photographs.  Seriously, letting your home go online without photographs for even 2 hours is like breaking your own leg the night before a big race.  Buyers won’t come back.  Period.

Once you have great photographs, your home should be canvased across the web.  Whether I am searching for your property address or parameters like a 3 bedroom, 2 bath home in Tiburon, I should be able to find your home online.  Putting the property in the Multiple Listing Service (MLS) is not enough.  The majority of home buyers are out there searching online themselves- constantly.  They aren’t waiting for their agent to pull it up on the MLS.  Marketing a home online takes skill, hire an expert who doesn’t just feed it to the MLS.

Price+Preparation+Proper Marketing=Offer

Homes are taking longer to sell in today’s market.   Even if all of the above factors are properly done, homes will take longer to sell than a year ago.  Get regular market updates from your agent.  Watch the average days on market for homes similar to yours in similar locations.  If you aren’t selling, something in the above formula is missing.

Marin Single Family Home Buyers Jumping In?

August is here and the Marin County home sale stats for July are in.  The number of homes sold is still down over last year but the interesting item is the number of Marin homes going under contract.  This number has increased by 27% over last year.  What does this mean?  Home buyers in Marin are writing offers.  This is a good start to seeing some positive signs in the Marin real estate market.

Marin County Market Activity

July 2008 July 2009 % Change
Marin County Homes For Sale 839 878 4.6%
Marin County Homes Sold 173 163 -5.8%
Marin County Homes Under Contract (Pended) 159 202 27%

The data above is for single family residential homes in Marin County, California.  Are you a Marin real estate junkie? Sign up to receive very detailed real-time market reports in your email. Just register and let me know which neighborhoods you are interested in. Download a sample report.

Marin County Homes For Sale- Update by City

Marin County Homes for Sale Pending Rates

Total Marin County
Homes for Sale
Total Active
Marin County Listings
# Marin County
Homes in Contract
% Marin County
Homes in Contract
Belvedere 38 34 4 11%
Corte Madera 50 34 16 32%
Fairfax 47 32 15 32%
Greenbrae 46 33 13 28%
Kentfield 44 35 9 20%
Larkspur 36 31 5 14%
Mill Valley 194 160 34 18%
Novato 343 175 168 49%
Ross 29 24 5 17%
San Anselmo 92 68 24 26%
San Rafael 307 206 101 33%
Sausalito 84 69 15 18%
Tiburon 110 99 11 10%
Others 119 103 16 13%
All Marin 1539 1193 436 28%

Are you a Marin real estate junkie? Sign up to receive very detailed real-time market reports in your email. Just register and let me know which neighborhoods you are interested in. Download a sample report.


Obama Urges Lenders to Move it on Loan Modifications

Troubled homeowners waiting on loan modifications are getting help from the Obama administration.  25 lenders who signed up for the Making Home Affordable program were urged to move faster to help homeowners.

According to the California Association of REALTORS®, the letter sent to the chief executives of these 25 institutions said: “We are asking that all servicers expand servicing capacity and improve the execution quality of loan modifications in order to help the sizable number of homeowners at risk of foreclosure and eligible for the program.”

By August 4, the Obama adminstation wil be issuing monthly reports on lenders’ performance including information on how many loan modifications have been implemented.

For more information about getting a loan modification, check out my series:

Loan Modification 101-the Basics

Find Open Homes in Marin

Searching for open homes in Marin County? The Marin Association of REALTORS® just launched a new website to help the public find open homes in Marin. The site is very easy to use. You can search Marin open homes by city:


You can also search open homes on a map of Marin:

The site just launched today so it might take a little time to get full adoption by real estate agents in Marin County but it will be the primary listing for Marin open homes going forward. The site is specifically limited to homes for sale in Marin.

Check it out at www.marinopenhomes.com.


Marin School Scores Released

cute kid (Explore)
Image by Swami Stream via Flickr

The Academic Performance Index (API) scores for Marin County have been released.  A score of 800 is the state’s standard for Academic Achievement.  The Marin IJ reports that 1/3 of Marin schools score at 800 or higher.  15 Marin schools scored 900+, down from 18 Marin schools last year.   According to the IJ,

Tiburon’s Bel Aire Elementary School received Marin’s highest score with 947. Other top-scoring schools included Kentfield’s Anthony G. Bacich Elementary, Larkspur’s Hall Middle School, Mill Valley’s Tamalpais Valley Elementary School and Tiburon’s Del Mar Middle School, whose API score jumped 19 points from 914 to 933.

Many of Marin’s schools could not be scored because they now teach kids in grades K-8, which are not comparable on the state’s scoring system.

Visit the Marin IJ for the full story.

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Kentfield Schools Need Our Help

As you may know, I am a board member at the Kentfield Schools Foundation.  I am sitting in a hotel in Chicago and got an email from a fellow board member directing me to a letter to the parents in the school district.  Even  if you do not have kids in the Kentfield School District, the budget cuts to the school to the school still impact you.  Part of the reason the property values in Kentfield and Greenbrae have not been hit as hard as other locations is because of our every very, very strong schools.

In May 2009, the average sales price in Greenbrae is down 18.4% over May of last year.  In Kentfield, it was down 12.6%.  In the same time period, home prices in neighboring San Anselmo were down 47.4%.

Families in our district pay a premium for homes to be in this fantastic and unique school district.  It is exactly why I purchased my home in Greenbrae when I was pregnant with my daughter.  The programs that make these schools strong are in jeopardy.  In a letter on the Kentfield School District’s website, Kentfield Schools Foundation President Marita Daly says this:

The weak economy has created budget constraints beyond our District’s control. As enrollment continues to rise and funding shrinks, the enriched education we have provided for years is at risk. Our District has already made many budget cuts, which are listed on the District website. The Board of Trustees needs another $1.5 million in revenue to fund current programs that are integral to our schools and dear to our hearts. The state reduces its funding by the hour, so this number will certainly change.

We are asking that every family respond to make sure we are very clear about what you value, so that the Foundation may properly represent you. The future of our schools lies in our hands.

If you would like to make a donation to minimize the impact of these budget cuts on our schools and our community, you may make your donation here.

Mill Valley Real Estate Report

This market profile is a snapshot of what is happening in Mill Valley. Home prices remain flat this week. The number of Mill Valley homes for sale has trended up while the days on the market has trended down. The Mill Valley market action index remains flat and seems to have plateaued at this point.

Mill Valley Real Estate Market Update

mill-valley-real-estate-june1

There are currently 174 homes* for sale in Mill Valley, California. There are 33 homes under contract.
(*single family)

Median List Price $1,295,000
Highest Priced Home in Mill Valley (single family) $6,500,000 200 Sarah Drive, Mill Valley
Lowest Priced Home in Kentfield (single family) $474,900 278 Morningsun Avenue, Mill Valley
Asking Price per Square Foot $616
Average Days on Market 130
Percent of Properties with Price Decrease 46%
Percent Relisted 3%
Median House Size (sq ft) 2,352
Median Lot Size 8,001-10,000 sq. feet
Median Number of Bedrooms 3.3
Median Number of Bathrooms 2.5
Market Action Index 13- Cold! Buyer’s Market

The Market Action Index answers the question: “How’s the Mill Valley Real Estate Market?” By measuring the current rate of sale versus the amount of inventory. Index above 30 implies seller’s market conditions. Below 30, conditions favor the buyer.


Mill Valley Real Estate Market Data effective as of June 1, 2009. Data provided by AltosResearch and Bay Area Real Estate Information Services, Inc. Are you a Marin real estate junkie? Sign up to receive very detailed real-time market reports in your email. Just register and let me know which neighborhoods you are interested in. Download a sample report.

This market profile is a snapshot of what is happening in Kentfield. Home prices continue to trend down this week. The number of Kentfield homes for sale has trended up while the days on the market has trended down.  The Kentfield market action index remains flat

Kentfield Real Estate Market Update

kentfield_real-estate-june1

There are currently 44 homes* for sale in Kentfield, California. There are 5 homes under contract.
(*single family)

Median List Price $1,824,500
Highest Priced Home in Kentfield (single family) $9,995,000 126 Cypress Ave, Kentfield
Lowest Priced Home in Kentfield (single family) $885,000 17 Laurel Grove, Kentfield
Asking Price per Square Foot $719
Average Days on Market 86
Percent of Properties with Price Decrease 33%
Percent Relisted 5%
Median House Size (sq ft) 3,092
Median Lot Size 0.25-0.50 acre
Median Number of Bedrooms 4.0
Median Number of Bathrooms 3.0
Market Action Index 13- Cold! Buyer’s Market

The Market Action Index answers the question: “How’s the Kentfield Real Estate Market?” By measuring the current rate of sale versus the amount of inventory. Index above 30 implies seller’s market conditions. Below 30, conditions favor the buyer.


Kentfield Real Estate Market Data effective as of June 1, 2009. Data provided by AltosResearch and Bay Area Real Estate Information Services, Inc. Are you a Marin real estate junkie? Sign up to receive very detailed real-time market reports in your email. Just register and let me know which neighborhoods you are interested in. Download a sample report.

Greenbrae Real Estate Report

This market profile is a snapshot of what is happening in Greenbrae. Home prices bumped up a bit this week. The days-on-market was flat at 115 days.  Demand measured by the market action index is rising, indicating mildly positive conditions for the Greenbrae real estate market.

greenbrae-real-estate-june1

Greenbrae Real Estate Market Update

There are currently 22 homes* for sale in Greenbrae, California. There are 6 homes under contract.
(*single family)

Median List Price $1,1987,000
Highest Priced Home in Greenbrae (single family) $3,495,000 30 La Cuesta, Greenbrae
Lowest Priced Home in Greenbrae (single family) $840,000 265 Vista Grande, Greenbrae
Asking Price per Square Foot $549
Average Days on Market 115
Percent of Properties with Price Decrease 28%
Percent Relisted 0%
Median House Size (sq ft) 2,232
Median Lot Size 8,0001-10,000 Sq Feet.
Median Number of Bedrooms 4.0
Median Number of Bathrooms 2.3
Market Action Index 11- Cold! Buyer’s Market

The Market Action Index answers the question: “How’s the Greenbrae Real Estate Market?” By measuring the current rate of sale versus the amount of inventory. Index above 30 implies seller’s market conditions. Below 30, conditions favor the buyer.


Greenbrae Real Estate Market Data effective as of June 1, 2009. Data provided by AltosResearch and Bay Area Real Estate Information Services, Inc. Are you a Marin real estate junkie? Sign up to receive very detailed real-time market reports in your email. Just register and let me know which neighborhoods you are interested in. Download a sample report.