Bay Area Real Estate Sales.com Newsletter

June 2006

 

IN THIS ISSUE:

 

Marin Home Sales Statistics

Mixed Economic Indicators Cause Some Fluctuations In Mortgage Rates

Survey Says Number of Green Home Builders to Increase by 30% in 2006

Realty Tax Tips – Part 2

Contingent Sale Offers: How To Keep Everyone Happy

What do Liz’s Clients Say?

Fast Facts

 

Marin Home Sales Statistics

 

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 Buyers Market.  (Last month it was a “Balanced 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 $749,000 are in a “Balanced Market”; Homes priced from $750,000 to $2.5 Million are in a “Buyers Market”; And homes over $2.5 Million are all in a ” Strong Buyers Market”.

 

Additionally, it’s interesting to note that Corte Madera, Fairfax and Larkspur are still all in “Sellers Markets”.  This means that in those 3 towns, there is still a shortage of homes to purchase, which makes it harder to negotiate with Sellers on the Price.

 

Days on Market (DOM) and price changes when sold:  The Average DOM for June is 61 days and the Median is 38 days.  Sold price changes as compared to the original list price based on DOM.    Although homes are sitting on the market for longer,  prices are not dropping dramatically.  For example, Year-to-date, homes that have “sat” for 121+ days the eventual sales price is still 95% of the original list price.  Selling within 90 days, it is 97% of the original list price.

 

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!