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Corte Madera Real Estate Stats 8/28/2009

What is happening in Corte Madera Real Estate?

As we are seeing around Marin, the number of Corte Madera homes going under contract has exceeded the number of homes being listed.  The market action index is up, as are home prices.  Corte Madera is one of the strongest real estate markets in Marin right now.  Here is what has happened in the last seven days:

7-day stats for Single Family properties in
CORTE MADERA, CA as of August 28, 2009
Median List Price $1,077,000 Average List Price $1,107,733
Total Inventory 30 Price per Square Foot $567
Average Home Size 1,788 Median Lot Size 6,621
Average # Beds 3.23 Average # Baths 2.35
Homes Absorbed 7 Newly Listed 3
Days on Market 112 Average Age 42

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Fairfax Real Estate Market Stats 8/28/2009

What is happing in Fairfax Real Estate?

The number of Fairfax homes selling has outpaced the number of Fairfax homes being listed in recent weeks.  The is making the market action index stronger.  Home prices are still falling because of all of the excess homes that have been sitting on the market, but if the favorable supply & demand trends continue, we might see some price adjustments as well. Here is what happened in the last seven days:

7-day stats for Single Family properties in
FAIRFAX, CA as of August 28, 2009
Median List Price $679,500 Average List Price $794,625
Total Inventory 36 Price per Square Foot $425
Average Home Size 1,626 Median Lot Size 7,275
Average # Beds 3.06 Average # Baths 2.10
Homes Absorbed 3 Newly Listed 3
Days on Market 146 Average Age 63

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Ross Real Estate Stats 8/29/2009

What is happening in Ross Real Estate?

Supply & demand for Ross homes is improving.  The number of Ross homes selling is exceeding the number of Ross homes going on the market.  Prices are relatively flat.  Keep in mind that Ross real estate stats can be easily skewed by a home or two because the number of homes for sale is so small.

7-day stats for Single Family properties in

ROSS, CA as of August 28, 2009

Median List Price $2,595,000 Average List Price $4,225,960
Total Inventory 25 Price per Square Foot $896
Average Home Size 3,122 Median Lot Size 32,670
Average # Beds 4.36 Average # Baths 3.90
Homes Absorbed 2 Newly Listed 2
Days on Market 168 Average Age 69

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Stinson Beach Real Estate Stats (8/28/2009)

What is happening in Stinson Beach Real Estate?

The Stinson Beach real estate market is relatively flat right now.  The home of homes for sale and the average time it takes to sell them (days on the real estate market) are basically unchanged.  Stinson Beach home prices also appear to be at a plateau.

7-day stats for Single Family properties in
STINSON BEACH, CA as of August 28, 2009
Median List Price $2,150,000 Average List Price $2,645,700
Total Inventory 30 Price per Square Foot $1,100
Average Home Size 1,826 Median Lot Size 11,238
Average # Beds 2.80 Average # Baths 2.32
Homes Absorbed 1 Newly Listed 2
Days on Market 202 Average Age 38

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Sausalito Real Estate Stats (8/28/2009)

What is happening in Sausalito Real Estate?

We are seeing some positive signs in the Sausalito real estate market!  The number of both condos/townhouses & single-family homes going in to contract has exceeded the number of Sausalito homes & condos being listed.  Sausalito home prices have still continued to decline, but this may level out if buyers continue to come in to the real estate market.

7-day stats for Condo properties in
SAUSALITO, CA as of August 28, 2009
Median List Price $529,000 Average List Price $609,376
Total Inventory 29 Price per Square Foot $428
Average Home Size 1,225 Median Lot Size n/a
Average # Beds 2.28 Average # Baths 1.97
Homes Absorbed 2 Newly Listed 1
Days on Market 202 Average Age 38

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Tiburon Real Estate Stats 8/28/2009

What is happing in Tiburon Real Estate?
The number of homes for sale in Tiburon has been moving up, as has the average days on the real estate market.  The positive light?  The number of Tiburon home sales has outnumbered new inventory, which has driven prices up slightly. As mentioned in previous reports, August is typically a slow Marin real estate month, particularly the last few weeks as schools get back in session. If the trends continue, the Tiburon real estate market may continue to see positive changes. Here is what happened in the last seven days:

7-day stats for Single Family properties in

TIBURON, CA as of August 28, 2009

Median List Price $2,822,500 Average List Price $3,998,396
Total Inventory 82 Price per Square Foot $856
Average Home Size 3,436 Median Lot Size 19,014
Average # Beds 4.04 Average # Baths 3.82
Homes Absorbed 5 Newly Listed 4
Days on Market 178 Average Age 3

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San Anselmo Real Estate Market Stats 8/28/2009

What is happing in San Anselmo Real Estate?
The number of homes for sale in San Anselmo has been trending up while the number of days home in San Anselmo sit on the market is going down. The market is relatively flat right now. As mentioned in previous reports, August is typically a slow real estate month, particularly the last few weeks as schools get back in session. Here is what happened in the last seven days:

7-day stats for Single Family properties in
SAN ANSELMO, CA as of August 28, 2009
Median List Price $899,000 Average List Price $1,109,978
Total Inventory 87 Price per Square Foot $467
Average Home Size 2,128 Median Lot Size 8,799
Average # Beds 3.46 Average # Baths 2.45
Homes Absorbed 0 Newly Listed 6
Days on Market 145 Average Age 56

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San Rafael Real Estate Stats 8/28/2009

What is happening in San Rafael Real Estate?

While the San Rafael real estate market appears to be slowing down a bit in recent weeks, the number of San Rafael homes for sale and prices have been relatively flat.  August is typically a slow month, particularly the last few weeks as schools get back in session.  Here is what happened in the last seven days:

7-day stats for Single Family properties in
SAN RAFAEL, CA as of August 28, 2009
Median List Price $799,000 Average List Price $986,431
Total Inventory 192 Price per Square Foot $412
Average Home Size 2,002 Median Lot Size 8,254
Average # Beds 3.55 Average # Baths 2.50
Homes Absorbed 16 Newly Listed 13
Days on Market 141 Average Age 52

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Greenbrae’s Value & My Interview on Forbes

Forbes recently published their list of America’s most expensive zip codes, most of which have seen very sluggish home sales.  As part of the story, they focused on real estate markets that have tremendous value for being the luxury home market “next door” to the toniest of neighborhoods.  The Marin County neighborhoods of Kentfield and Greenbrae received the majority of the focus in the story which I was interviewed for.

Kentfield has seen prices decline 20% this year while Greenbrae is only down 9% according to stats by Altos Research.

Check out the video here:

View Greenbrae Homes for Sale
View Kentfield Homes for Sale

Mill Valley, CA Real Estate Market Statistics (August 21, 2009)

What is happening in Mill Valley Real Estate?

Mill Valley home prices have dipped down while the number of Mill Valley homes for sale seems to be at a plateau.

7-day stats for Single Family properties in
MILL VALLEY, CA as of August 21, 2009
Median List Price $1,275,000 Average List Price $1,592,352
Total Inventory 145 Price per Square Foot $610
Average Home Size 2,300 Median Lot Size 9,017
Average # Beds 3.48 Average # Baths 2.78
Homes Absorbed 8 Newly Listed 8
Days on Market 129 Average Age 49

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