Posts Tagged ‘Corte Madera Real Estate Agent’
What is happening in Corte Madera Real Estate?
As we are seeing around Marin, the number of Corte Madera homes going under contract has exceeded the number of homes being listed. The market action index is up, as are home prices. Corte Madera is one of the strongest real estate markets in Marin right now. Here is what has happened in the last seven days:
| 7-day stats for Single Family properties in CORTE MADERA, CA as of August 28, 2009 |
|||
|---|---|---|---|
| Median List Price | $1,077,000 | Average List Price | $1,107,733 |
| Total Inventory | 30 | Price per Square Foot | $567 |
| Average Home Size | 1,788 | Median Lot Size | 6,621 |
| Average # Beds | 3.23 | Average # Baths | 2.35 |
| Homes Absorbed | 7 | Newly Listed | 3 |
| Days on Market | 112 | Average Age | 42 |
This market profile is a snapshot of what is happening in Corte Madera. Corte Madera home prices are down slightly this week but have trended up in recent weeks. While the days-on-market has been increasing, the listing inventory and the Corte Madera Market Action Index have been essentially flat.
Corte Madera Real Estate Market Update
|
There are currently 25 homes for sale in Corte Madera, California. There are 3 Corte Madera homes under contract. |
|
| Median List Price | $1,009,000 |
| Highest Priced Corte Madera Home (single family) |
$2,799,000 241 Willow Ave, Corte Madera |
| Lowest Priced Corte Madera Home (single family) |
$525,000 208 Summit Ave, Corte Madera |
| Asking Price per Square Foot | $564 |
| Average Days on Market | 81 |
| Percent of Properties with Price Decrease | 50% |
| Percent Relisted | 10% |
| Median House Size (sq ft) | 1,723 |
| Median Lot Size | 4,501-6,500 Sq. Feet |
| Median Number of Bedrooms | 3.1 |
| Median Number of Bathrooms | 2.1 |
| Market Action Index | 12 – 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 February 15, 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.