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MARIN MARKET WATCH           as of July 16, 2007

Time to take a market pulse.  This is Mid-July, a bit difficult to predict movement of the consumers.  With schools out, some families put things on hold and go on vacation, others start looking at homes with a goal of moving into their new house or relocate before school starts.  Some decide summer might is a great season to buy or sell while others think they should avoid the rush and wait until the 'quiet' season.  

While others, like us, take a snapshot and look at the numbers in Marin to find out what is really happening here.  What we find, not surprisingly, is heavily leaning towards a buyers market.    

Corte Madera, at 40% pending is the only town that is still in 'seller's market', with Fairfax, Greenbrae, Kentfield, Larkspur, Mill Valley and San Anselmo in so called 'Balanced Market' with house pending rate between 25% and 35%.  note that they are all Sourthern Marin homes where typically, home prices are higher.  The rest of the towns, Belvedere at 24%, one short of 25%, puts it just in the Buyer's market.  Novato, Ross, and san Rafael are officially in the Buyer's market. 

Note that the numbers include both Single Family Homes and Townhomes, and townhoomes are traditionally the ones that appreciate quickly in a hot market and depreciate faster as well as stay on market much longer during a down cycle.  

Call Sylvia with any questions and concerns.

	Total	Active	Pending	%Pending
Marin-Total	1542	1258	284	23%
Belvedere	26	21	5	24%
Corte Madera	49	35	14	40%
Fairfax	27	21	6	29%
Greenbrae	24	18	6	33%
Kentfield	51	39	12	31%
Larkspur	39	29	10	34%
Mill Valley	179	134	45	34%
Novato	418	355	63	18%
Ross	29	25	4	16%
San Anselmo	60	60	20	33%
San Rafael	336	283	53	19%
Sausalito	67	54	13	24%
Tiburon	101	82	19	23%
Marin 1-2Million	444	349	95	27%
Marin > 2 Million	234	203	31	15%
Marin 0-999,999	864	706	158	22%

1. Less than 15% in Contract = Strong Buyer's Market
2. 15-25% in Contract = Buyer's Market
3. 25% - 35% in Contract = BALANCED MARKET
4. 35-45  % in Contract = Seller's Market
5. 45%+ in Contract = Strong Seller's Market