Buyers’ home market emerges in U.S.
By Damon Darlin and Vikas Bajaj The New York Times
TUESDAY, MAY 9, 2006
“…………., A house at 57 Marina Boulevard in San Rafael, north of San Francisco, was originally listed at $1.45 million. The owner recently dropped the price to $949,000 as a competing house on the same street lowered its price to $959,000 from $989,000. In Marin County, which includes San Rafael, about a quarter of all listings have been reduced.
County records show that 57 Marina Boulevard was sold in February for $700,000, so the owner, Dan Marr, is unlikely to lose money in any sale, though he will probably not profit as much as he had hoped. “I don’t want to talk about it,” he said.
It is getting tough out there for sellers. What is happening in Marin County is being repeated in cities and suburbs across the United States. Nearly a year after the sales of homes peaked, buyers are wresting control from sellers in many areas as inventories of unsold homes have grown, in some markets doubling. Few people are losing money after the run-up in housing prices in the past 10 years. But now, the air is slowly coming out the market…….”
Inside 92101, sellers are fixing their roofs …
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Some … are losing patience…
05/14
Condo Name Asking B/B Sq F Unit DOM Price(2/22)
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Harbor Club $899,000 2/2 1572 #10xx 272 $939,000
Park Place $875,000 2/2 1353 #09xx 214 $995,000
Horizons $950,000 2/2 1544 #07xx 214 $1,050,000
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Some … are still testing the market …
05/14
Condo Name Asking B/B Sq F Unit DOM Price(4/24)
———– ——– — —- —– — ———–
Treo $779,000 2+ 1337 #17xx 52 $799,000
Dicovery $775,000 2+ 1383 #04xx 101 $799,000
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Some … are reading this forum …
05/14
Condo Name Asking B/B Sq F Unit DOM Price(4/24)
———– ——– — —- —– — ———–
Trellis 5th $515,000 1+ 815 #06xx 13 13 days
Acqua Vista $474,000 2/2 1045 #03xx 12 12 days
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