May 31, 2008

More Price Reductions to Seduce Marin Buyers

The housing market in Marin seems still uncertain.  Some properties go quickly, some properties languish a bit.  To turn some heads and garner some interest, more are dropping their price in this climate.  Take a look at some recent pretty good price reductions all around Marin:

44 Estrada Ln, Corte Madera - 4 beds, 2 baths - $1,069,000:  The third price reduction has brought this home down a total of $100,000 - just about a 10% price reduction.  A large home on the Paradise side of Corte Madera.

215 Orris Ter, San Rafael - 3 beds, 2 baths - $619,000:  Just over $80,000 has been taken off the original asking price.  In the Las Gallinas/ Terra Linda area of north San Rafael. 

1408 Sir Francis Drake Blvd,  San Anselmo - 3 beds, 2 baths - $799,000:  A $100,000 slash is hoping to bring more potential buyers to take a look at this San Anselmo home.  On busy SFD, which may be the big distractor.

1190 Cambridge St, Novato - 3 beds, 2 baths - $500,000:  A short sale in Novato hoping that $95,000 off its original ask of $595,000 will turn heads.  That’s about a 15% price drop.  Could use some updating but on a good sized lot with potential.

4 Corte Almaden, San Rafael - 4 beds, 3 baths - $699,000:  A fixer upper in Las Gallinas for $368 per square foot, which is a fairly good value.  Not to mention that over 10,000 square foot lot.  Price dropped just over $150,000 since it first listed in March for $850,000.  Listing notes seller is very motivated.