http://www.marinrealtygroup.com Marin County Real Estate Professionals Mon, 12 Jul 2010 20:27:52 +0000 http://backend.userland.com/rss092 en If you talk to anyone who understands the current real estate market you'll be told that until the market "stabilizes" we will not begin to see any level of appreciation. Actually, until the market is stable we will continue to see eroding values/prices. As an example, I often mention the "absorption ... http://www.marinrealtygroup.com/insight-to-marin-real-estate/are-we-seeing-the-start-of-market-stabilization/ May 2010 proved to be a big boost for Marin real estate sales. There were gains in both units sold and in the price per square foot over May 2009. As usual I must qualify the following information by saying that each town and each neighborhood within that town has a ... http://www.marinrealtygroup.com/insight-to-marin-real-estate/good-news-for-may-2010/ Below are the sales and square foot prices Countywide. If you would like this information for your town feel free to contact me and I’ll email you the information.                                            April 2009      April 2010       % Change   Single Family Homes      107 Sold            156 Sold      46% increase   SFD aver. sq ft price        $468.51           $496.57          6% ... http://www.marinrealtygroup.com/insight-to-marin-real-estate/marin-county-sales-comparisons-april-2009-vs-april-2010/ Marin County Single Family Sales 2009 Year End Square Foot Prices vs. January 1 thru March 31, 2010 Square Foot Prices     TOWN 2009 Year End Jan 1 - Mar 31, 2010 % Change               Belvedere 928.83 818.12 -12.00% Corte Madera 538.17 453.18 -15.8 Fairfax 403.26 377.73 -6.4 Greenbrae 508.36 543.33 +6.9 Kentfield 693.26 546.12 -21.3 Larkspur 562.95 614.22 +9.1 Mill Valley 549.5 571.17 +3.9 Novato 298.68 285.06 -4.6 Ross 748.71 682.21 -8.9 San Anselmo 479.97 397.96 -17.1 San Rafael 395.13 376.37 -4.8 Sausalito 615.16 585.02 -4.9 Tiburon 719.88 709.09 -1.5         All Marin County 489.45 454.42 -7.2   http://www.marinrealtygroup.com/insight-to-marin-real-estate/square-foot-prices-ye-2009-vs-1st-quarter-2010/            Community Zip Sales Median Price % Chg High Price $/SqFt % Chg* Marin County               Belvedere - Tib 94920 12 $1,277,500 -41.3% $3,425,000 $517 -52.6% Corte Madera 94925 2 $707,750 -18.7% $860,000 $435 -17.2% Fairfax 94930 3 $777,000 81.8% $1,329,000 $377 -0.7% Greenbrae 94904 11 $1,215,000 37.4% $8,000,000 $583 21.5% Inverness 94937 1 $530,000 n/a $530,000 $339 n/a Larkspur 94939 2 $801,500 186.8% $975,000 $618 21.2% Mill Valley 94941 18 $1,005,000 28.4% $2,075,000 $573 -5.5% Novato 94945 12 $450,250 -28.5% $900,000 $303 46.4% Novato 94947 24 $399,000 10.8% $520,000 $297 -11.5% Novato 94949 10 $550,000 29.9% $1,150,000 $285 11.8% Ross 94957 1 n/a n/a n/a n/a n/a San Anselmo 94960 9 $795,000 -7.6% $1,277,000 $396 -28.1% San Rafael 94901 13 $620,000 156.7% $1,500,000 $327 -8.3% San Rafael 94903 27 $328,000 -37.5% $800,100 $392 19.4% Sausalito 94965 3 $412,500 -16.2% $640,000 $526 5.3%                                                                                                                                                                                                                         * % Change from Last Year http://www.marinrealtygroup.com/insight-to-marin-real-estate/marin-county-sales-january-2010-all-sfd-condotownhomes-courtesy-dq-news/ Here's a snapshot of Marin's housing inventory in relation to the previous month's sales.  This allows us a snapshot of the absorption time or the time it will take to sell current inventory at the last month's sales pace. Town Current # Sold in # of Months Inventory January '10 of Inventory Belvedere 21 1 21 Corte Madera 13 1 13 Fairfax 9 3 3 Greenbrae 10 2 5 Kentfield 16 4 4 Larkspur 14 2 7 Mill Valley 66 16 4 Novato 101 25 4 Ross 14 2 7 San Anselmo 24 7 3.5 San Rafael 96 22 44 Sausalito 28 1 28 Tiburon 41 2 20.5 http://www.marinrealtygroup.com/insight-to-marin-real-estate/housing-inventory-vs-sales/   # Single Family Average List Average Sold Average Square   Homes Sold Price Price Foot Price All of Marin County 1,659 $1,049,202 $996,524 $489.45           Town by Town:         Belvedere 23 3,575,636 3,165,455 928.83 Corte Madera 69 1,033,738 996,160 538.17 Fairfax 64 708,478 687,566 403.26 Greenbrae 43 1,145,495 1,116,351 508.36 Kentfield 38 2,102,943 2,001,442 693.26 Larkspur 48 1,213,507 1,157,416 562.95 Mill Valley 229 1,250,706 1,181,971 549.5 Novato 424 655,858 637,278 296.68 Ross 35 2,359,516 2,245,380 748.71 San Anselmo 129 907,353 868,874 479.77 San Rafael 388 816,039 785,513 395.13 Sausalito 38 1,288,518 1,238,924 615.16 Stinson 11 1,607,857 1,433,464 821.94 Tiburon 67 2,458,018 2,229,467 719.88 http://www.marinrealtygroup.com/insight-to-marin-real-estate/2009-marin-county-single-family-home-sales/ TOWN # of ACTIVE  # of SOLD  AVERAGE  AVERAGE PROPERTIES PROPERTIES Sq Ft Price of Sq Ft Price of as of 10/31/09 during October Sold Properties Active Properties Corte Madera      7      4 $402.81 425.67 Fairfax        3      0   378.57 Greenbrae     15      4 370.6 404.24 Larkspur      5      0   458.35 Mill Valley     16      4 402.4 565.02 Novato     26     22 245.17 249.85 San Anselmo      3      1 365.61 407.3 San Rafael      6     13 268.22 371.2 Sausalito     12      3 469.05 554.65 Tiburon     16      2 544.63 682.44 http://www.marinrealtygroup.com/insight-to-marin-real-estate/marin-october-09-condo-townhome-sales-volume-square-foot-price/ TOWN # of ACTIVE # of SOLD AVERAGE AVERAGE PROPERTIES PROPERTIES Sq Ft Price of Sq Ft Price of as of 10/31/09 during October Sold Properties Active Properties Belvedere       33         2 $741.86 $1,210.55 Corte Madera       14         4 $527.78 545.64 Fairfax       25         7 408.33 426.38 Greenbrae       19         3 480.74 603.37 Kentfield       23         4 577.18 765.18 Larkspur       21         3 554.44 600.36 Mill Valley           108       20 558.15 655.84 Novato     120       50 298.76 348.19 Ross       20         2 991.9 950.59 San Anselmo       59         8 427.85 521.46 SG Valley       13         1 197.37 380.47 San Rafael     ... http://www.marinrealtygroup.com/insight-to-marin-real-estate/october-2009-single-family-home-sales-volume-square-foot-price/ Check out what CNN has to say: http://money.cnn.com/galleries/2009/real_estate/0910/gallery.housing_price_forecast/index.html http://www.marinrealtygroup.com/insight-to-marin-real-estate/what-area-is-best-posied-for-real-estate-recovery-the-bay-area/