San Anselmo Real Estate Market Update-Jan 20

Posted on January 20, 2009 by Ginger Wilcox

This market profile is a snapshot of what is happening in San Anselmo. San Anselmo home prices have seen a downward trend in prices again this week. Listing inventory has been tightening and days-on-market has been increasing. The Market Action Index has been essentially flat.

San-Anselmo-Real-Estate-Jan20

San Anselmo Real Estate Market Update
Median List Price	$839,000
Asking Price per Square Foot	$548
Average Days on Market	135
Percent of Properties with Price Decrease	47%
Percent Relisted	12%
Median House Size (sq ft)	2,239
Median Lot Size	8,001-10,000 Sq. Feet
Median Number of Bedrooms	3.5
Median Number of Bathrooms	2.6
Market Action Index	16 – Cold! Buyer’s Market

The Market Action Index answers the question “How’s the San Anselmo Real Estate Market?” By measuring the current rate of sale versus the amount of inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.

San Anselmo Real Estate Market Data effective as ofJanuary 20, 2009. Data provided by AltosResearch. Are you a Marin real estate junkie? Sign up to receive very detailed real-time market reports in your email. Just register and let me know which neighborhoods you are interested in. Download a sample report.

Tiburon Real Estate Market Update-Jan 20

Posted on by Ginger Wilcox

This market profile is a snapshot of what is happening in Tiburon. Tiburon home prices have been bouncing around in the same basic level. The number of homes listed has actually declined but the Market Action Index has also declined- meaning buyers are slowing down. It is a strong buyer’s market in Tiburon.

Tiburon-Real-Estate-Jan20

Tiburon Real Estate Market Update
Median List Price	$2,495,000
Asking Price per Square Foot	$863
Average Days on Market	153
Percent of Properties with Price Decrease	42%
Percent Relisted	7%
Median House Size (sq ft)	2,915
Median Lot Size	0.25-0.50 acre
Median Number of Bedrooms	4.0
Median Number of Bathrooms	3.4
Market Action Index	14 – Cold! Buyer’s Market

The Market Action Index answers the question “How’s the Tiburon Real Estate Market?” By measuring the current rate of sale versus the amount of inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.

Tiburon Real Estate Market Data effective as ofJanuary 20, 2009. Data provided by AltosResearch. Are you a Marin real estate junkie? Sign up to receive very detailed real-time market reports in your email. Just register and let me know which neighborhoods you are interested in. Download a sample report.

It is a great time to sell!

Posted on January 17, 2009 by Ginger Wilcox

Did that headline make you think I am nuts? I probably hear this question at least ten times a day- what is happening in the Marin Real Estate Market? The real estate market isn’t pretty, anyone who tells you differently is likely to be blowing smoke. Below is a historical look at the Marin real estate market from December 2007 to December 2008. These numbers are for single family homes in Marin County (no condos). It is not an easy time to be a seller in Marin. In the majority of communities, the real estate market stinks. Despite the horrible market, it may not be a bad time to sell.

Why? If you are a home owner who is planning on making a move in the next 18-24 months and you are purchasing UP, buying a larger home, it is a great time to buy. Ideally, we could all time the market to have sold in the hey day, rented and purchase now. The reality is that most people didn’t. If you are buying up, you may eat it on your home sale. Excuse the brutal truth, but the market isn’t great for sellers. Most people cannot hold on to their existing home and make a new home purchase. The good news is that on the buy side, you might be able to find a deal. You will in almost all cases pay less for that new home than you would if you purchased it 12 or even 24 months ago and that is the bright light in this kind of real estate market.

	December 2007	December 2008
# Marin Homes For Sale	501	710
# Marin Homes Sold	111	82
# Marin Homes Pending	101	84
Months of Inventory based on closed Marin home sales	4.5	8.7
Months of inventory based on pending Marin home sales	5	8.5
Average Active Price for Marin homes	$1,571,000	$1,379,000
Average Sold Price for Marin homes	$1,364,000	$845,000
Average Price/Sq. Ft for Marin homes	$590	$438
Sold vs. List Price Difference	96%	94%
Sold vs. Original List Price Difference	91%	87%
Days on Market for Marin homes	94	100
Median Price for Marin homes	900	675

*Marin Single Family Homes Statistics. Data pulled from Trendgraphix & BAREIS Multiple Listing Service.

Marin Median Price Tanks in December

Posted on January 2, 2009 by Ginger Wilcox

Initial stats are in for December home sales. The median price in Marin plummeted in December of 2008 to $675,000. This is for single family homes ONLY. The number does not include condos. WOW!!! When you add in condos, the median drops to $590k. The numbers may change slightly as last minute sales are reported. 70 properties were sold compared to 111 in December 2007 and 158 in December 2006.

Wow.

Marin Medium Home Prices Drop

Posted on December 1, 2008 by Ginger Wilcox

Initial November Marin home sales numbers are in. As expected, median home prices in Marin County have dropped. As of now, the median price for single family homes in Marin dropped to $805,375. (The numbers may change slightly as last minute sales are reported.) In November of last year, the Marin median home price was $1,000,000. The number of units sold was down over 41%, a dramatic drop off in sale activity.

Clearly the election and the volatility in the financial markets has had a significant impact on the Marin real estate market. Buyers who have jobs or cash are sitting pretty right now. Great interest rates, motivated sellers, and low home prices make it a great time to purchase for those who are able.

Data is pulled from BAREIS Multiple Listing Service.

Mill Valley Real Estate Market Update- Nov 17

Posted on November 17, 2008 by Ginger Wilcox

This market profile is a snapshot of what is happening in Mill Valley. Mill Valley home prices have seen a downward trend in prices again this week but listing inventory has been tightening and days-on-market has been decreasing, which are positive signs for the market. The Market Action Index has been essentially flat.

Mill Valley Real Estate Market Update
Median List Price	$1,297,000
Asking Price per Square Foot	$640
Average Days on Market	100
Percent of Properties with Price Decrease	55%
Percent Relisted	3%
Median House Size (sq ft)	2,225
Median Lot Size	8,001-10,000 Sq. Feet
Median Number of Bedrooms	3.0
Median Number of Bathrooms	2.5
Market Action Index	16 – Cold! Buyer’s Market

The Market Action Index answers the question “How’s the Mill Valley Real Estate Market?” By measuring the current rate of sale versus the amount of inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.

Mill Valley Real Estate Market Data effective as of November 17, 2008. Data provided by AltosResearch. Are you a Marin real estate junkie? Sign up to receive very detailed real-time market reports in your email. Just register and let me know which neighborhoods you are interested in. Download a sample report.

Tiburon Real Estate Market Update – Nov 17

Posted on by Ginger Wilcox

This market profile is a snapshot of what is happening in Tiburon. Tiburon home prices went down again this week while listing inventory and days-on-market have been increasing. These trends indicate a weakening market. The Market Action Index has been essentially flat.

Tiburon Real Estate Market Update
Median List Price	$2,465,500
Asking Price per Square Foot	$880
Average Days on Market	121
Percent of Properties with Price Decrease	41%
Percent Relisted	3%
Median House Size (sq ft)	3,037
Median Lot Size	0.25-0.50 acre
Median Number of Bedrooms	4.0
Median Number of Bathrooms	3.5
Market Action Index	15 – Cold! Buyer’s Market

Tiburon Real Estate Market Data effective as of November 17, 2008. Data provided by AltosResearch. Are you a Marin real estate junkie? Sign up to receive very detailed real-time market reports in your email. Just register and let me know which neighborhoods you are interested in. Download a sample report.

Corte Madera Real Estate Update- Nov 17

Posted on by Ginger Wilcox

This market profile is a snapshot of what is happening in Corte Madera. Corte Madera home prices have been trending down in recent weeks and the days-on-market have been increasing. Listing inventory has tightened up which could be a positive sign for the market.

Corte Madera Real Estate Market Update
Median List Price	$1,034,000
Asking Price per Square Foot	$571
Average Days on Market	102
Percent of Properties with Price Decrease	58%
Percent Relisted	5%
Median House Size (sq ft)	1,692,000
Median Lot Size	6,501-8,000 Sq. Feet
Median Number of Bedrooms	3.0
Median Number of Bathrooms	2.0
Market Action Index	17 – Cold! Buyer’s Market

The Market Action Index answers the question “How’s the Corte Madera Real Estate Market?” By measuring the current rate of sale versus the amount of inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.

Corte Madera Real Estate Market Data effective as of November 17, 2008. Data provided by AltosResearch. Are you a Marin real estate junkie? Sign up to receive very detailed real-time market reports in your email. Just register and let me know which neighborhoods you are interested in. Download a sample report.

Larkspur Real Estate Market Update – Nov 17

Posted on by Ginger Wilcox

This market profile is a snapshot of what is happening in Larkspur. Larkspur home prices dropped slightly this week but have remaind relatively flat in recent weeks. The Market Action Index has been trending down recently. Listing inventory and the days-on-market continue to increase, indicating a weakening market.

Larkspur Real Estate Market Update
Median List Price	$1,349,000
Asking Price per Square Foot	$700
Average Days on Market	91
Percent of Properties with Price Decrease	41%
Percent Relisted	0%
Median House Size (sq ft)	2,068
Median Lot Size	6,501-8,000 Sq. Feet
Median Number of Bedrooms	3.0
Median Number of Bathrooms	2.1
Market Action Index	12 – Cold! Buyer’s Market

The Market Action Index answers the question “How’s the Larkspur Real Estate Market?” By measuring the current rate of sale versus the amount of inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.

Larkspur Real Estate Market Data effective as of November 17, 2008. Data provided by AltosResearch. Are you a Marin real estate junkie? Sign up to receive very detailed real-time market reports in your email. Just register and let me know which neighborhoods you are interested in. Download a sample report.

San Anselmo Real Estate Market Update- Nov 17

Posted on by Ginger Wilcox

This market profile is a snapshot of what is happening in San Anselmo. Home prices in San Anselmo are down this week while listing inventory and the days-on-market have been climbing. The Market Action Index has been essentially flat.

San Anselmo Real Estate Market Update
Median List Price	$1,209,000
Asking Price per Square Foot	$570
Average Days on Market	91
Percent of Properties with Price Decrease	51%
Percent Relisted	2%
Median House Size (sq ft)	2,184
Median Lot Size	8,001-10,000 Sq.
Median Number of Bedrooms	3.1
Median Number of Bathrooms	2.5
Market Action Index	13 – Cold! Buyer’s Market

San Anselmo Real Estate Market Data effective as of November 17, 2008. Data provided by AltosResearch. Are you a Marin real estate junkie? Sign up to receive very detailed real-time market reports in your email. Just register and let me know which neighborhoods you are interested in. Download a sample report.