Statistical Tables

Marin Home Sales Up Third Year in a Row

After falling for four years in a row, sales of single-family, re-sale homes rose for the third year in a row last year. Home sales were up 5.3% in 2010.

Trends at a Glance
(Single-family Homes)
  Dec 11 Nov 11 Dec 10
Median Price: $675,000 $737,500 $748,000
Average Price: $952,523 $924,712 $987,874
Home Sales: 139 163 153
Sale/List Price Ratio: 94.7% 96.0% 93.9%
Days on Market: 100 95 104

For the full Annual Report, plus The California Association of REALTORS® 2012 forecast, click on the Annual link to the left.

December Sales Statistics

Sales of single-family, re-sale homes ended the year down 9.2% compared to last December. Sales were off 14.7% compared to November.

The median price for homes fell 9.8% year-over year, while the average price was down 3.6%.

Sales momentum…
for single-family, re-sale homes in Marin County was flat at +5 in December. (See chart below)

We calculate…
sales momentum by using a 12-month moving average to eliminate seasonality. By comparing this year’s 12-month moving average to last year’s, we get a percentage showing market momentum.

In the chart below…
the blue shows sales momentum for homes while the purple line shows momentum for the median price for single-family, re-sale homes.

Pricing momentum…
was also flat at -5.

Foreclosure statistics…
 Notices of default in Marin County fell 20.8% in December from November. Year-over-year, they were down by 10.6%, according to ForeclosureRadar.com.

Notices of sale, which set the date and time of an auction, and serve as the homeowner's final notice before sale, jumped 11.1% from November, but were down 15.3% year-over-year.

After the filing of a Notice of Trustee Sale, there are only three possible outcomes. First, the sale can be cancelled for reasons that include a successful loan modification or short sale, a filing error, or a legal requirement to re-file the notice after extended postponements. Alternatively, if the property is taken to sale, the bank will place the opening bid. If a third party, typically an investor, bids more than the bank's opening bid, the property will be sold to the third party; if not, it will go back to the bank and become part of that bank's REO inventory.

In December, cancellations were up 34%, back-to-bank declined 12.5%, and third party sales were flat. All these numbers are year-over-year.

The total number of properties that have had a notice of default filed decreased by 1.2% in December compared to December 2010.

The total number of properties scheduled for sale was down 16.7%.

The number of properties owned by the bank fell 1%. The 395 properties owned by the banks represent a two-month supply at current the sales rate

The chart shows that properly priced homes sell quickly and for close to, if not more than, their asking pricing.

The following chart shows the percentage change for the median price of homes compared to the year before.

The number of days it took to put a home into escrow increased by 34 days to 144 days in February.

The real estate market is very hard to generalize. It is a market made up of many micro markets. For complete information on a particular neighborhood or for an evaluation of your home's worth, call me.

If I can help you devise a strategy, call or click the buying or selling link in the menu to the left.

Monthly Statistics

Complete monthly sales statistics for Marin County are below. Monthly graphs are available for each city in the county.

December Sales Statistics
(Single-family Homes)
  Prices Unit       Change from last year
  Median Average Sales DOM SP/OLP SP/LP Median Average Sales
Marin $675,000 $952,523 139 100 89.6% 94.7% -9.8% -3.6% -9.2%
Belvedere $3,652,500 $2,910,833 3 144 82.8% 84.2% 52.2% -30.4% -40.0%
Corte Madera $780,000 $959,786 7 99 86.6% 95.9% -15.1% -3.2% -22.2%
Fairfax $567,500 $586,750 4 120 89.9% 93.4% 24.7% 10.7% 33.3%
Greenbrae $796,000 $796,000 1 115 86.8% 97.4% -34.7% -30.6% -75.0%
Kentfield $1,497,500 $1,368,750 4 59 93.4% 96.2% 21.8% 11.4% 100.0%
Larkspur $0 $0 0 0 0.0% 0.0% n/a n/a n/a
Mill Valley $818,000 $1,196,800 18 97 86.6% 96.1% -18.2% 7.0% -14.3%
Novato $516,000 $592,568 34 96 94.4% 97.4% -2.3% 5.4% -22.7%
Ross $425,000 $425,000 1 33 94.4% 94.4% -72.8% -72.8% -50.0%
San Anselmo $725,000 $814,584 13 93 95.3% 100.1% -7.5% 2.7% 30.0%
San Rafael $637,000 $668,194 33 97 91.2% 96.8% 8.1% 7.9% 26.9%
Sausalito $1,825,000 $1,483,200 5 105 89.0% 90.3% 40.5% -6.3% -28.6%
Tiburon $1,800,000 $2,117,143 7 143 86.4% 93.4% 37.1% 11.3% -12.5%

SP/LP = Sales price divided by the listing price at the time of sale
SP/OLP =Sales price divided by the price for which the property was originally listed


December Sales Statistics
(Condos/Townhomes)
  Prices Unit       Change from last year
  Median Average Sales DOM SP/OLP SP/LP Median Average Sales
Marin $282,500 $317,808 64 109 S:S) 98.0% 6.6% -8.6% 73.0%
Corte Madera $440,000 $412,100 5 41 S:S) 97.3% n/a n/a n/a
Greenbrae $361,000 $403,400 5 114 S:S) 95.0% 65.6% 85.0% 400.0%
Mill Valley $395,000 $395,000 2 217 S:S) 88.5% -18.6% -21.3% -60.0%
Novato $242,500 $255,158 22 102 S:S) 98.7% -27.8% -15.4% -16.7%
San Rafael $310,000 $316,940 21 117 S:S) 99.7% 25.3% 13.3% 31.3%
Sausalito $569,000 $569,000 2 211 S:S) 95.3% 41.4% -29.6% -50.0%
Tiburon $515,000 $515,000 1 96 S:S) 103.2% n/a n/a n/a