Archive for the ‘Kentfield’ Category
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.
I was thrilled to open an email earlier today from Kentfield School District Superintendent Mary Jo Pettigrew. In the letter to Bacich and Kent parents, Mary Jo said the school board reinstated 21 classroom aides and approved the hiring of a 5th grade teacher to keep class sizes small. The funds for the positions are coming from “receipt of federal stimulus monies, a lower projected reduction in categorical funding for 2009-2010 from the state, the continued support of the Kentfield Schools Foundation and the fiscal prudence of the District.”
Despite lower property tax revenues and state budget cuts, the school has been able to keep small class sizes and enrichment programs such as art, music, woodshop, drama and physical education.
In addition to being good news for parents, the news is great for Kentfield/Greenbrae property owners. The high ranking school district helps keep property values in the community steady.
Interested in living in the Kentfield School District?
This market profile is a snapshot of what is happening in Kentfield. Home prices remain flat this week, The number of Kentfield homes for sale and the days on the market are both climbing. The Kentfield market action index has been trending down lately, indicating a weakening market.
Kentfield Real Estate Market Update
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There are currently 45 homes* for sale in Kentfield, California. There are 5 homes under contract. (*single family) |
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| Median List Price | $1,799,000 |
| Highest Priced Home in Kentfield (single family) | $9,995,000 126 Cypress, Ave Kentfield |
| Lowest Priced Home in Kentfield (single family) | $875,000 17 Laurel Grove Avenue, Kentfield |
| Asking Price per Square Foot | $715 |
| Average Days on Market | 99 |
| Percent of Properties with Price Decrease | 42% |
| Percent Relisted | 0% |
| Median House Size (sq ft) | 2,988 |
| Median Lot Size | 0.25-0.50 acre |
| Median Number of Bedrooms | 4.0 |
| Median Number of Bathrooms | 3.0 |
| Market Action Index | 8- Cold! Buyer’s Market |
The Market Action Index answers the question: “How’s the Kentfield 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.
Kentfield Real Estate Market Data effective as of June 28, 2009. Data provided by AltosResearch and Bay Area Real Estate Information Services, Inc. Are you a Kentfield 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.
View current Kentfield homes for sale.