The number of homes for sale (inventory) continues marching upwards as Spring beckons—countywide, there are 549 active listings (up from 459 active listings this time last month). The high point (in terms of the sheer number of homes for sale in Marin County) will likely be May. While the number of homes for sale has gone up, it is still very low historically (especially in Greenbrae, which has only 9 active listings).

The graph below breaks down the current number of homes for sale in Marin County, California, as of April 1, 2007, along with the price ranges for each town/city. Also included is an arrow noting whether inventory is up or down over the past month:

Marin Single Family Homes For Sale

Some observations: If you want to live in Belvedere, you’ll need just about $2 million to buy at the entry level; The average listing price of homes in Kentfield is almost $4.5 million; on the other hand, Novato has 31 homes under $750,000, with an average asking price of $653,000 and average time on market over 42 days for homes in this price range. The largest spread in price range belongs (again) to Corte Madera, as the Bill Graham Estate on 11 acres remains Marin’s highest priced active listing at $27 million.

If you desire a more specific analysis of your neighborhood, please give me a call at (415) 350-9440.

This entry was posted on Monday, April 2nd, 2007 at 9:50 pm and is filed under Marin Market Updates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.