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The BAREIS' (Bay Area Real Estate Information Systems. A.K.A. MLS) April/May, 2006 vs April/May 2007 Closed Sales report is finally out.  Note that the high and low skewed the numbers.  Also, the average and median are both up from last year with DOM (Days on Market) slightly higher.  Total Units Sold in April 2006 and April 2007 are almost identical, but there is a surge in total units sold in May, 2007. 

What a suprise, considering how the word out there is that this is a 'SLOW' year due to consumer hesitation, interest rate increases and the soft landing of the bubble burst, among others.  Keep in mind that this is the statistics for ALL MARIN.  Certain pockets do run much slower.  One prime example is condos in certain price range and/or areas which are affected by lending problems (subprime lending, interest rate hike, and such)... call for details.   

On the other hand, the reports from FHA is that the market is going strong, with Southern Marin, especially Mill Valley, leading the pack (the term they used is 'the market is "on fire" in Mill Valley').  The reasons are consumers are tired of waiting, the wealthy are wealthier, lots of bonus from last year, the market is low enough to go back and not worry about a bubble burst, ..,etc. 

This is only a snap shot of the whole Marin.  Be sure to ask your Realtor to give you specifics about the areas you are interested in.  Make sure you make the right investment for yourself, both buying or selling.      

  MAY 2006           MAY 2007      

Total

Units OLD: 269

Total

Units Sold: 307
 

List Price

Sale Price

DOM

 

List Price

Sale Price

DOM

Average

$1,075,626

$1,069,650

49

 

$1,233,945

$,1,218,506

60

Median   

$859,000

$854,000

34

 

$885,000

$879,000

34

High

$10,900,000

$9,300,000

374

 

$9,400,000

$7.950,000

521

Low

$199,000

$180,000

0

 

$49,000

$49,000

0

Adj.Avg.

$1,042,114

$1,042,156

49

 

$1,211,056

$1,200,270

60

       
APRIL 2006   APRIL 2007  

Total

Units Sold: 265

Total

Units Sold: 263

List Price  

Sale Price

DOM

 

List Price

Sale Price

DOM

Average

$1,124,878

$1,117,198

54

 

$1,251,538

$1,236,796

60

Median

$879,000

$889,000

32

 

$954,000

$9870,000

34

High

$6,850,000

$6,500,000

329

 

$6,500,000

$6,350,000

314

Low

$155,000

$190,000

0

 

$75,000

$65,000

0

Adj.Avg.

$1,106,797

$1,100,257

53

 

$1,235,937

$1,221,695

62


Posted by Sylvia Barry on June 18th, 2007 9:54 PMPost a Comment (0)

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 MARIN REAL ESTATE
Sylvia Barry provides professional Real Estate Consulting for Marin Home Sellers or Buyers - Novato, San Rafael, Corte Madera, Kentfield, Mill Valley, Ross, Belvedere, Tiburon, Greenbrae, Larkspur, Marinwood, Nicasio, San Anselmo; as well as Sonoma County Sonoma Real Estate Consulting - Petaluma, Rohnert Park, Cotati, Santa Rosa, Penngrove. Marin County Real Estate, Marin County Homes, Marin Realtor,
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