Corte Madera, has always been in one of the strongest local markets in Marin; ranging from low 20% to mostly a strong sellers market from 2004 and on; with weekly pending rates ranging from high 20% to mostly 50-60% pending up to 80% pending. Granted the inventory is lower (mostly 20-30 house available), but the fact is it stays as a sellers market throughout the last few years. On 1/1, the rate is 50% peinding, however, with the new inventory after the new year, there are now 18 houses on market with 4 pending .(22%), so it's now in a slight buyer market, but I am sure it will go back up soon.

All this is trying to paint a picture of the desirabily of Corte Madera. The best thing to do, for Corte Madera and other areas, like the pros mentioned below; is to find a reliable Realtor who are familiar with the area, to provide you with the comp and an analysis about the specfic property you are interested in and go from there.

There is never a set formula for offering more or less for any property in any area at any time. Each property is unique.

Sylvia

Halley, I agree with Kevin's response. What I would add is that you make sure that you work with a Realtor that lives in Corte Madera and/or specializes in Corte Madera. The best way to find out if you should offer more or less than the listing price is to have your Realtor show you the comps in that area. This will give you a strong idea as to what the price range should be. Other things to consider are condition of property and length of time on the market.

Look for days on the market. Chances are if the property has lingered, there could be an issue which may be related to price or value. In some areas of Corte Madera we are still seeing multiple offers. In working directly with your REALTOR, they should be able to gauge whether you are looking at a hot property or one that has a little wiggle room. There is really no difference for condos vs. single family homes in this regard. Properties that are well priced, well located and well presented are the first to go.

It doesn't matter what kind of home you're buying in Corte Madera; you have to look at the comparables of recent sales and current actives to determine if the price is right. Use all the normal gauges: location, size, amenities and condition, then look at the Days on Market. From that your agent will help you decide what the best offer is.