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Foreclosures in Marin County
It is Thursday June 5, 2008 here in Sunny Marin County and the market has appreciably picked up in the last few
weeks. Mill Valley,
Tiburon, Larkspur and
Greenbrae have shown increased activity. Many buyers are interested in writing offers and getting into contract on homes when in the past they were sitting on the sidelines.
In addition to the Marin County being more active on the buy side there is also increased activity on homes that are in the following categories:
ºBank Owned in Marin
ºPre- Foreclosure in Marin
ºAuctions in Marin
Here are some of the stats to give you an idea of what is going on in the foreclosures and short sale arena:
As of June 5, 2008 there are 748 homes in Marin in some state of financial distress. Of those 748 homes, 397 are in Pre- Foreclosure (a notice of default has been issued on the property for non-payment of the loan); 142 Properties waiting for auction and 209 Bank-owned. These homes in Marin are principally in San Rafael and Novato where the market has taken a sharp dive. A snap shot of homes in these troubled categories is as follows:
| Belvedere |
4 |
| Corte Madera |
7 |
| Fairfax |
10 |
| Greenbrae |
10 |
| Kentfield |
3 |
| Larkspur |
10 |
| Mill Valley |
40 |
| Novato |
372 |
| Ross |
1 |
| San Rafael |
241 |
| San Anselmo |
30 |
| Sausalito |
16 |
| Tiburon |
4 |
| Total |
748 |
If you should have any questions on this data feel free to drop me a line at rparks@visionrealtors.com or call me at 415-297-9000.
Marin Real Estate Blog
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