Marin Real Estate Home Sales Statistics as of June 15, 2008

Compare to four months ago, in the middle of winter, the number of inventories almost doubled (from 844 to 1586).  The good news is, the market has started to move again, after the dramatic slow down. 

The percentage of pending sales for bread and butter homes priced under $1M increased a healthy 6%, from 20% to 26% (brings it right to neutral market).  Homes priced higher than $2M stays the same at 15% and homes priced between $1M and $2M dropped 2% from 22% to 20%.  

The lowered price for start homes are allowing buyers who were not able to afford a Marin Home to start buying again. 

There is a silver lining in all that cloud! 🙂  

As of 06/15/2008      
     On Market In Contract % Pending
Marin Real Estate – Total 1586 362 23%
       
Belvedere Real Estate 22 4 18%
Corte Madera Real Estate 50 13 26%
Fairfax Real Estate 40 7 18%
Greenbrae Real Estate 33 7 21%
Kentfield Real Estate 29 7 24%
Larkspur Real Estate 35   5 14%
Mill Valley Real Estate 169 42 25%
Novato Real Estate 458 123 27%
Ross Real Estate 18 4 22%
San Anselmo Real Estate 80 17 21%
San Rafael Real Estate 400 94 24%
Sausalito Real Estate 65 13  23%
Tiburon Real Estate 86 8 9%
       
Marin Homes $1-2 million 396 80 20%
Marin Homes  > $2 million 215 32 15%
Marin Homes $0-999,999 975 250 26%
Buyer’s Market <25%
Neutral 25% – 40%
Seller’s Market >40%
 

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