Posts Tagged ‘Marin County Realtor’
Single Family homes under contract in Marin County
April 2008 vs. April 2007
| Belvedere | +200% |
| Corte Madera | +8% |
| Fairfax | -38% |
| Greenbrae | +25% |
| Kentfield | +40% |
| Larkspur | -75% |
| Mill Valley | -36% |
| Novato | -20% |
| Ross | -50% |
| San Anselmo | -12% |
| San Rafael | +7% |
| Sausalito | +17% |
| Tiburon | +85% |
Countywide, the number of Marin homes for sale was up almost 16% from last April. The number of homes under contract was down about 13% while the number of units sold is down about 31%.
While the number of homes sold in April 2008 vs April 2007 is dismal, the glimmer of hope is in the units under contract. We have gradually seen this number get closer to 2007 numbers for many Marin cities, indicating next month’s sold number may be even better.
You might have seen an article in your latest water bill from the Marin Municipal Water District about Bay-Friendly Landscaping. To make it easier for Marin Municipal Water District customers to adopt bay friendly gardening practices, the district is introducing a new rebate program on efficient irrigation equipment and supplies.
If you’re planning an irrigation project this spring (or even if you’ve done one since March 1, 2007), you probably can claim a rebate of up to $350!
If you live in Novato, they have a different program available
Happy Landscaping!
The median home sale price in Fairfax, CA was $630,000 in February 2008, down from $672,00 in January, and down from $735,000 one year ago in February 2007. The number of Fairfax homes on the market stayed flat from one year ago, while the number of Fairfax, CA homes under contract increased.
The number of closed sales was down almost 45% from one year ago. The average days on the market in Fairfax was 110 in February.
| Fairfax, CA Homes | Feb 2007 | Feb 2008 | ∆ | % ∆ |
| For Sale | 17 | 17 | 0 | 0 |
| Under Contract | 4 | 7 | 3 | 75.00 |
| Sold | 9 | 5 | -4 | -44.44 |
While it is not technically spring, it sure feels like it. 73 degree temperatures and a slight burn from my open sunroof- I feel like spring has sprung. The spring real estate market may be here but Marin real estate sales activity is still surprising low. In February 2008, there were 86 single family home sales in Marin County. In February 2007, there were 141 single family Marin home sales.
Marin real estate sales volume is down almost 40%!
Interestingly enough, we have seen a resurgence of multiple offers in the last couple of weeks. Buyers are out looking for new listings. One San Rafael listing received three offers and went $100,000 over asking price! Another Marin house listed under $1,000,000 received five offers.
If the listing is old, many buyers won’t even look at it. The initial offering price is absolutely crucial. Staging and property preparation is also more important than ever. Homes that are not properly prepared are sitting on the market unless they are priced very fair.
When will the typically busy spring Marin real estate market hit?
We are still waiting!
I work up to this gorgeous Marin sunrise this morning. Happy March and happy Sunday!