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Marin Real Estate Update



I wanted to give everyone an update on what is happening in the Marin County Market as of March 13, 2008. The Market in Marin is quite buoyant no matter what you are hearing from sources outside of Marin County.

Here are the details:
City Median Price 3/08 Median Price 3/07 # sold 2008 # sold 2007
Mill Valley $1,204,000 $1,227,000 27 50
Larkspur 1,824,500 1,300,000 4 7
Corte Madera 862,500 994,500 8 16
Tiburon 2,135,000 2,690,000 14 19
Belvedere 2,525,000 3,439,000 2 7
Sausalito 1,850,000 1,300,000 5 13
Fairfax 672,000 735,000 11 15
Greenbrae 2,113,000 1,215,000 3 22
Kentfield 2,060,000 2,175,000 4 10
Ross 3,900,000 1,910,000 6 4
Novato 679,000 734,500 46 68
San Rafael 897,500 850,000 52 80
As you can see we have some impressive changes in the median prices form year over year. It is evident in the community of real estate professionals that higher priced homes in Marin are the ones that are selling. The median prices have increased dramatically in the towns of Larkspur, Sausalito, Greenbrae, San Rafael and Ross with declines in median prices in Mill Valley, Corte Madera. Belvedere, Fairfax, Kentfield and Novato.

The number of units sold throughout Marin has decreased by 42% from 324 single family homes sold from January 1, 2007 to March 15, 2007 to 187 for the same period in 2008.Even though prices are maintaining we are seeing a significant reduction in the number of homes turning over as well as sellers refraining from putting their house on the market until the housing market stabilizes.

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Our Vision Real Estate Offices:
Corte Madera

47 Tamal Vista Blvd.
Corte Madera, CA  94925
Toll Free: (800) 783-2076
Voice:  (415) 927-1492
FAX:  (415) 924-6812

Mill Valley

104 Tiburon Blvd
Mill Valley, CA 94941
Voice:   (415) 380-2570
FAX:   (415) 380-2571

Rohnert Park

376 City Center Drive
Rohnert Park, CA 94928
Voice:   (707) 623-9555
FAX:   (707) 623-9505

San Francisco

1750 Montgomery St.
San Francisco, CA 94111
Voice:   (415) 380-2570
FAX:   (415) 380-2571

Tiburon

1680 Tiburon Blvd
Tiburon, CA 94920
Voice:   (415) 435-0848
FAX:   (415) 435-0168

Founder, Broker & CPA: Ron Parks

Licensed by the California Department of Real Estate.
Broker's License: #01524550

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