Real estate inventory levels in Marin County, California, as expected are on the rise in the new year. There are 641 active listings (up from 519 in February 2008). We are entering the Spring selling season and buyers are ready. The percentage of homes in escrow is up substantially in many markets. Buyers have been exploring open houses in droves (virtually all open houses held for my listings over […]

As we progress through Q1 2008, Mill Valley’s inventory of single family homes for sale has blossomed to 76 homes currently on the market (there were 46 in February 2008). With just 8 sales last month, Mill Valley’s absorption rate rose to about 10 months, compared with 3 months in February (e.g., there is currently enough supply to cover current demand for 10 months). This is a seasonally related anomaly […]

The housing market in San Rafael reflects the pent-up buyer demand noted in these market updates for several months. Again, inventory is up. And the percentage of homes in escrow is up. San Rafael homes priced between $750,000 and $900,000 continue to sell quickly if priced right. Indeed, buyers are very knowledgeable, showing great familiarity with their target neighborhoods and recent sale prices.
Of the 26 homes that […]

The Novato (Marin County, California) home sales market has recovered nicely in the first quarter of 2008. The number of active listings is way up, providing buyers with an abundant inventory of relatively affordable homes (including newer construction (less than 10 years old) under $800,000). Yet, well over 20% of homes on the market in […]

Inventory levels in Marin County’s $2 million to $4 million luxury home market surged this past month–with 68 active listings compared to 46 homes last month. This boost in inventory was accompanied by a strong month of sales, with 15 homes sold. Tiburon led the pack with 3 sales, followed by Sausalito, Mill Valley, and […]

Real estate inventory levels in Marin County, California, are on the rise in the new year. There are 519 active listings (up from 445 in January 2008). This time of year historically sees an up-tick in listings as sellers who want to get a jump on the market, put their homes for sale. This year, […]

As we progress into the new year, Mill Valley’s inventory of single family homes for sale remains fairly low, with just 49 homes currently on the market (there were 33 in January 2008). With 15 sales last month, Mill Valley’s absorption rate is about 3 months (e.g., there is enough supply to cover current demand for 3 months). Incredibly, there are just ten homes on the […]

The housing market in San Rafael reflects the pent-up demand noted in these articles for the past several months. Inventory is up and the percentage of homes in escrow is up. As noted below, San Rafael’s bread and butter homes (those priced between $750,000 and $900,000) continue to sell if priced in accordance with recent […]

The new year brings with it new energy in the Novato home sales market. The number of active listings in Novato, Marin County, remains fairly high with an abundant inventory of relatively affordable homes (including newer construction under $800,000). Novato provides home buyers who cannot afford the lofty prices of Southern and Central Marin lots of very attractive options. As […]

Marin County’s $2 million to $4 million luxury market continues to experience a seasonal reduction of inventory–we now have 47 active listings compared to 76 homes in December 2007. Six homes sold last month. Belvedere accounted for two sales. Larkspur, Kentfield, San Anselmo, and San Rafael had 1 sale each. The average days on market […]