Marin Real Estate Blog

Marin County Association of Realtors released the two months closed sales comparison report for the months of December, 2006/January 2007 vs December 2007/January 2008.

As you can see from the report; the sales price stays slightly ahead of average, but the sales volume dropped substaintially from 2006 to 2007, and again, from 2007 to 2008.

Interesting thing is that the highest price of sold home in 01/08 is over $10M and for 2007 is over $20M.  However, the average sale price in 2008 is higher than that of 2007.  Average Days on Market is actually 10 days lower than that of 2007.

Something for Marin buyers to think about if they are sitting on the fence.    

The Marin Association of Realtors launched it's first annual Marin Real Estate Reality Check report.

The report is 43 pages long and contains more than 800 facts and figures about the recent pricing history for single family homes and condos in 13 towns, from Sausalito to Novaot.

The statistics for 2005-2007 includes number of sales, average number of days on market, average price per square foot and medium prices.

Just to quote part of what the presiden of the Marin Association of Realtor's comment on the statistical reports MAR jus unveiled.  The comment is important because of the dreay image some of the news medial tries to paint disregard to the specific location they might be covering. 

Real Estate is local and Marin is the perfect example for that!

As quoted in the article - "Swift said that "too much of what people think they know about Marin real estate is based on wrong assumptions, unfounded rumors, or irrelevant information. All real estate is local, and this report provides an important reality check to home buyers and sellers about the recent history of home sales.

"In many cases, I think people will be pleasantly surprised to learn how strong and healthy our local micro housing markets really are, especially when compared to other parts of the state or country."

For part of San Rafael, the report created by Sunshine Marketing cited:" "In 2007, the median price was $811,000, the median dwelling size was a four-bedroom, and two baths with 1792 square feet and the days on market was 43. The median sales price reached its peak in 2006 at $829,000 from which 2007 was down 2 percent."

And then, Sunshine Marketing's opinion on the appraisals (which are quoted throughout the report):  "It is important to keep in mind that an appraiser will normally compare a specific home to several of the most appropriate and representative recent sales and current listings in the area.

This report should not be construed as an appraisal but rather the opinions of price increases and decreases of similar homes in similar price ranges and areas."

Let me know if you might be interest in some of the details.

Let's keep a close eye on what the new year will bring and keep you posted.