BLOG - Marin Real Estate

Compare to four months ago, in the middle of winter, the number of inventories almost doubled (from 844 to 1586).  The good news is, the market has started to move again, after the dramatic slow down. 

The percentage of pending sales for bread and butter homes priced under $1M increased a healthy 6%, from 20% to 26% (brings it right to neutral market).  Homes priced higher than $2M stays the same at 15% and homes priced between $1M and $2M dropped 2% from 22% to 20%.  

The lowered price for start homes are allowing buyers who were not able to afford a Marin Home to start buying again. 

There is a silver lining in all that cloud! :-)  

As of 06/15/2008
     On Market In Contract % Pending
Marin - Total 1586 362 23%
       
Belvedere 22 4 18%
Corte Madera 50 13 26%
Fairfax 40 7 18%
Greenbrae 33 7 21%
Kentfield 29 7 24%
Larkspur 35   5 14%
Mill Valley 169 42 25%
Novato 458 123 27%
Ross 18 4 22%
San Anselmo 80 17 21%
San Rafael 400 94 24%
Sausalito 65 13  23%
Tiburon 86 8 9%
       
Marin 1-2 million 396 80 20%
Marin > 2 million 215 32 15%
Marin 0-999,999 975 250 26%
Buyer's Market <25%
Neutral 25% - 40%
Seller's Market >40%
Posted by Sylvia Barry on June 21st, 2008 1:06 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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