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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)
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