Bay
Area Real Estate Sales.com Newsletter
May 2006
IN THIS ISSUE:
Marin
Home Sales Statistics – Is there a bubble in Marin?
Mortgage rates return to four-year high
Internet Home Buyers versus Traditional Home Buyers
Realty Tax Tips
Should I fix up my home or just sell it?
What do Liz’s Clients Say?
Fast Facts
Marin Home Sales
Statistics – Is there a
bubble in Marin?
The
overall Marin home sales market has cooled a bit from last month according to
the following statistics.
These
statistics show how many homes are available for sale in Marin, and of those
how many are currently in contract (either pending or contingent). The average overall Marin market shows
it is a Balanced Market, but just barely (as it is closer to a Buyers Market),
as the % of homes in contract just hit 31%. (30% would be a buyers Market) It is very important to look at the
specific category of house that fits your home or home that you’d like to
either sell or purchase.
Homes
priced under $500,000 (is there such a thing in Marin?) are in a “Buyers
Market”; Homes priced from $500,000 to $1Million are in a “Sellers
Market”; And homes over $1Million are all in a ”Buyers
Market”.
Additionally,
Belvedere, Fairfax, Kentfield, Ross, San Rafael, Sausalito
and Tiburon are all in a “Buyers Market”; Corte Madera seems to be
very hot currently and is in an “Extreme Sellers” market where 62%
of all homes on the market are currently in contract.
I’m
going to start tracking 2 new statistics:
Days on Market (DOM) and price changes when sold. The first, DOM shows how many days homes are sitting on the market until they enter into a
“Pending” status (meaning all contingencies are removed). Sold price changes as compared to the
original list price based on DOM. Both of these stats will
help better understand what is currently going on in the Marin Home Sale Market
Place.
If
you know of anyone who would like to receive this monthly newsletter or is
thinking of either buying or selling a home please let me know. I’d love your referrals!
|
MARIN HOME SALES
STATISTICS - BY CITY AS OF 5/18/06
|
|
City
|
Total
|
Active
|
Number in Contract***
|
Percent in Contract*
|
Type of Market*
(See Key)
|
|
Belvedere
|
30
|
21
|
9
|
30%
|
Buyers
|
|
Corte
Madera
|
21
|
8
|
13
|
62%
|
Extreme Sellers
|
|
Fairfax
|
30
|
22
|
8
|
27%
|
Buyers
|
|
Greenbrae
|
23
|
13
|
10
|
43%
|
Sellers
|
|
Kentfield
|
36
|
30
|
6
|
17%
|
Strong Buyers
|
|
Larkspur
|
31
|
16
|
15
|
48%
|
Strong Sellers
|
|
Mill Valley
|
125
|
84
|
41
|
33%
|
Balanced
|
|
Novato
|
297
|
196
|
101
|
34%
|
Balanced
|
|
Ross
|
27
|
23
|
4
|
15%
|
Strong Buyers
|
|
San
Anselmo
|
60
|
38
|
22
|
37%
|
Sellers
|
|
San Rafael
|
246
|
173
|
73
|
30%
|
Buyers
|
|
Sausalito
|
64
|
49
|
15
|
23%
|
Buyers
|
|
Tiburon
|
89
|
66
|
23
|
26%
|
Buyers
|
|
Others
|
98
|
78
|
20
|
20%
|
Strong Buyers
|
|
Total Marin 5/18/06
|
1,177
|
817
|
360
|
31%
|
Balanced
|
|
Total Marin 4/10/06
|
977
|
629
|
348
|
36%
|
Sellers
|
|
Total Marin 3/15/06
|
894
|
597
|
297
|
33%
|
Balanced
|
|
Total Marin 2/20/06
|
782
|
520
|
262
|
34%
|
Balanced
|
|
Total Marin 1/8/06
|
611
|
449
|
162
|
19%
|
Strong Buyers
|
|
Total Marin 12/23/05
|
622
|
504
|
118
|
15%
|
Strong Buyers
|
|
Total Marin 11/27/05
|
961
|
655
|
306
|
32%
|
Balanced
|
|
Total Marin 10/14/05
|
1,086
|
730
|
356
|
33%
|
Balanced
|
|
Total Marin 9/11/105
|
|
