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Marin County Two Month Closed Sales Comparison Report - 01/2008

February 17th, 2008 9:16 PM

Marin County Association of Realtors released the two months closed sales comparison report for the months of December, 2006/January 2007 vs December 2007/January 2008. As you can see from the report; the sales price stays slightly ahead of average, but the sales volume dropped substaintially from 2006 to 2007, and again, from 2007 to 2008. Interesting thing is that the highest price of sold home in 01/08 is over $10M and for 2007 is over $20M. However, the average sale price in 2008 is higher than that of 2007. Average Days on Market is actually 10 days lower than that of 2007. Something for Marin buyers to think about if they are sitting on the fence.
Marin County Two-Month Closed Sales Report All Residential Homes Sold
January 2007				January 2008
TOTAL PROPERTIES SOLD: 148				TOTAL PROPERTIES SOLD: 98
	List Price	Sale Price	DOM		List Price	Sale Price	DOM
AVERAGE:	$1,266,588	$1,223,173	104	AVERAGE:	$1,382,876	$1,322,220	94
MEDIAN:	$879,000	$869,000	83	MEDIAN:	$945,000	$900,000	82
HIGH:	$21,000,000	$20,000,000	1217	HIGH:	$10,799,000	$10,500,000	465
LOW:	$139,000	$135,000	0	LOW:	$239,900	$215,000	0
ADJ. AVG.:	$1,139,151	$1,102,017	98	ADJ. AVG.:	$1,296,697	$1,238,152	94
December 2006				December 2007
TOTAL PROPERTIES SOLD: 210				TOTAL PROPERTIES SOLD: 145
	List Price	Sale Price	DOM		List Price	Sale Price	DOM
AVERAGE:	$967,763	$943,819	84	AVERAGE:	$1,221,434	$1,171,945	88
MEDIAN:	$839,000	$815,000	73	MEDIAN:	$795,000	$760,000	63
HIGH:	$3,995,000	$3,900,000	613	HIGH:	$9,950,000	$8,500,000	522
LOW:	$40,000	$33,000	0	LOW:	$49,500	$45,000	0
ADJ. AVG.:	$957,670	$933,985	84	ADJ. AVG.:	$1,168,590	$1,128,581	88

Statistics from BAREIS MLS^® February 8, 2008. Information herein believed reliable but not guaranteed.
Copyright @ 2008 by Bay Area Real Estate Information Services, Inc. All rights reserved.
Adjusted average does not include the high and low sale data.

Posted by Sylvia Barry on February 17th, 2008 9:16 PMPost a Comment (0)

First Annual Marin Real Estate Reality Check Report Launched!

February 17th, 2008 9:24 AM

The Marin Association of Realtors launched it's first annual Marin Real Estate Reality Check reort.

The report is 43 pages and contains more than 800 facts and figures about the recent pricing history for single family homes and condos in 13 towns, from Sausalito to Novaot.

The statistics for 2005-2007 includes number of sales, average number of days on market, average price per square foot and medium prices.

Just to quote part of what the presiden of the Marin Association of Realtor's comment on the statistical reports MAR jus unveiled:

"Swift said that “too much of what people think they know about Marin real estate is based on wrong assumptions, unfounded rumors, or irrelevant information. All real estate is local, and this report provides an important reality check to home buyers and sellers about the recent history of home sales.

“In many cases, I think people will be pleasantly surprised to learn how strong and healthy our local micro housing markets really are, especially when compared to other parts of the state or country.”

For part of San Rafael, the report created by Sunshine Marketing cited:" “In 2007, the median price was $811,000, the median dwelling size was a four-bedroom, and two baths with 1792 square feet and the days on market was 43. The median sales price reached its peak in 2006 at $829,000 from which 2007 was down 2 percent.”

And then, Sunshine Marketing's opinion on the appraisals (which are quoted throughout the report): "It is important to keep in mind that an appraiser will normally compare a specific home to several of the most appropriate and representative recent sales and current listings in the area.

This report should not be construed as an appraisal but rather the opinions of price increases and decreases of similar homes in similar price ranges and areas.”

Let me know if you might be interest in some of the details.

Posted by Sylvia Barry on February 17th, 2008 9:24 AMPost a Comment (0)

Marin County Real Estate Sales Statistics as of 02/01/2008

February 3rd, 2008 9:00 PM

A new year, coupled with lower interest rate, buoyed by potential good news of possibly increase the limit on Conforming loans; spring does bring out buyers.

Let's keep a close eye on what the new year will bring and keep you posted.

2/1/2008
On Market	In Contract	% Pending

Marin - Total	844	166	20%

Belvedere	16	0	0%
Corte Madera	21	4	19%
Fairfax	15	4	27%
Greenbrae	23	7	30%
Kentfield	13	0	0%
Larkspur	20	5	25%
Mill Valley	73	18	25%
Novato	279	53	19%
Ross	12	4	33%
San Anselmo	27	9	33%
San Rafael	206	41	20%
Sausalito	44	3	7%
Tiburon	49	8	16%

Marin 1-2 million	180	39	22%
Marin > 2 million	112	17	15%
Marin 0-999,999	553	110	20%
Buyer's Market	<25%
Neutral	25% - 40%
Seller's Market	>40%

Posted by Sylvia Barry on February 3rd, 2008 9:00 PMPost a Comment (0)