Bay
Area Real Estate Sales.com Newsletter
February 2008
IN THIS ISSUE:
Marin
Home Sales Statistics
Marin
2007 Home Sales Statistics Are In!
Mill
Valley Single Family Homes Buck National Trend
The Conforming Loan Limits Have Changed. How
Does It Affect You?
Why
Fed Rate Cuts Do Not Equal Lower Mortgage Rates & Other Mortgage News
What Did Your Neighbors' House Sell For?
Search The Marin Multiple Listing
Service For A New Marin Home
Fast Facts
MARIN HOME SALES
STATISTICS
By Liz
McCarthy
There is a lot of great information contained in this
month's newsletter. I hope you find it
informative.
I was very surprised to note that my recent analysis (as of
2/18/08) shows that Fairfax is in an Extreme Sellers market, Ross is in a
Sellers market and San Anselmo is in a Balanced market? What does this mean? It means (primarily due to the small amount
of homes that are currently on the market) that there are more homes in
Contract in Fairfax
then there are available to purchase. Novato and San
Rafael by far have the most amount
of homes on the market and are definitively in Buyers markets. In Novato
the prices are still dropping and there are bargains to be had. In Southern Marin, there seems to be a
current lack of homes available to purchase and I've heard of multiple offers
happening recently! This certainly bucks
the trend from what all the newspapers are stating and what the rest of the
state/country is experiencing.
If you look at the analysis by price range, you'll see that
all of the price ranges are in a Buyers Market.
This clearly shows that there are a lot of differences all over Marin, it's very house and location specific.
Don't get me wrong, there are a lot of homes that are still
currently overpriced and are sitting on the market for long period of times. It's time for sellers to take a clear picture
of the market before deciding to sell their home. I'd be happy to give you an analysis, as even
different streets in the same town are being affected differently.
In this newsletter edition I will include an entire section
on the recently approved economic stimulus package regarding the lowering of
the Conforming loan limit. This will
likely affect our market in Marin. How
will it affect you?.... see the
story below to see more.
I've just published the 2007 Home Price Data for Marin on my
website, You'll find a lot of great information
there. Here's the link:
Marin
2007 Home Sales Stats
|
MARIN HOME (CONDO + SFR) SALES STATISTICS - BY CITY AS OF 2/18/07
|
|
City
|
Total
|
Active
|
Number in Contract***
|
Percent in Contract*
|
Type of Market*
(See Key)
|
|
Belvedere
|
16
|
15
|
1
|
6%
|
Extreme Buyers
|
|
Corte
Madera
|
24
|
18
|
6
|
25%
|
Buyers
|
|
Fairfax
|
17
|
7
|
10
|
59%
|
Extreme Sellers
|
|
Greenbrae
|
23
|
17
|
6
|
26%
|
Buyers
|
|
Kentfield
|
18
|
17
|
1
|
6%
|
Extreme Buyers
|
|
Larkspur
|
24
|
22
|
2
|
8%
|
Extreme Buyers
|
|
Mill Valley
|
86
|
64
|
22
|
26%
|
Buyers
|
|
Novato
|
317
|
245
|
72
|
23%
|
Buyers
|
|
Ross
|
9
|
5
|
4
|
44%
|
Sellers
|
|
San
Anselmo
|
31
|
21
|
10
|
32%
|
Balanced
|
|
San Rafael
|
233
|
185
|
48
|
21%
|
Buyers
|
|
Sausalito
|
50
|
44
|
6
|
12%
|
Strong Buyers
|
|
Tiburon
|
54
|
43
|
11
|
20%
|
Strong Buyers
|
|
Others
|
47
|
39
|
8
|
17%
|
Strong Buyers
|
|
Total Marin 2/18/07
|
949
|
742
|
207
|
21.81%
|
Buyers
|
|
Total Marin 1/17/07
|
802
|
674
|
128
|
15.96%
|
Strong Buyers
|
|
Total Marin 12/18/07
|
932
|
757
|
175
|
18.78%
|
Strong Buyers
|
|
Total Marin 11/17/07
|
1,146
|
904
|
242
|
21.12%
|
Buyers
|
|
MARIN HOME SALES STATISTICS - BY PRICE RANGE AS
OF 2/18/07
|
|
Price
|
Total
|
Active
|
Number in Contract***
|
Percent in Contract*
|
Type of Market*
(See Key)
|
|
$100,000-$499,999
|
188
|
153
|
35
|
19%
|
Strong Buyers
|
|
$500,000-$749,999
|
231
|
172
|
59
|
26%
|
Buyers
|
|
$750,000-$999,999
|
199
|
155
|
44
|
22%
|
Buyers
|
|
$1,000,000-$1,499,999
|
147
|
113
|
34
|
23%
|
Buyers
|
|
$1,500,000-$1,999,999
|
61
|
43
|
18
|
30%
|
Buyers
|
|
$2,000,000-$2,499,999
|
29
|
24
|
5
|
17%
|
Strong Buyers
|
|
$2,500,000-$2,999,999
|
29
|
23
|
6
|
21%
|
Buyers
|
|
$3,000,000-$3,999,999
|
26
|
23
|
3
|
12%
|
Strong Buyers
|
|
Over $4,000,000
|
39
|
26
|
3
|
8%
|
Extreme Buyers
|
|
Total Marin 2/18/07
|
