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April 14, 2008

3 Weeks Later, and No Offers

I'm going to say right up front, I'm shocked.

Three weeks ago -- March 23 to be precise -- I posted on this blog about
three homes that should have sold in a heart beat.

All of them are priced in what every one calls the current sweet spot
for homes sales: between $1.7 million and $3,000,000.

All of them are in the premier school districts, something Trulia
pointed helps maintain a homes value.

And each of the homes was notable for one reason or another, but all
of them are the sort of homes that parents of five-years-olds gravitate to
when they leave the City.

Here's why each of them should have sold by now...

$1,749,000

Sycamore Park, Mill Valley - One of Marin's most desirable neighbor
hoods, nice yard and great schools

$2,950,000

The Catalog House, Mill Valley - Named after the endless number of
Catalogs including Pottery Barn that use the house as a backdrop.
Every detail of the house is flawless.

$2,995,000

View House, Tiburon - A good view never fails to attract a crowd, but
a house with a 260 degree view that stretches from the Bay Bridge
across San Francisco beyond the Golden Gate to the hills of Marin
should have sold. Not to mention a pool and fantastic deck.

I spoke to the agents representing the properties and they all tell me
business has been brisk, disclosures have been requested but no offers.

I'm wondering what the problem is....

Posted by Jeff Brooks on April 14, 2008 07:24 AM | Permalink

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