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.
