MARIN COUNTY MARKET CONDITIONS SUMMARY:

AppleStats Market Activity Report:

Marin Market "Pending Sales" Data--By Area & Price Range:

The following "key" will help you understand our market. Call Tom for the latest statistics in by town.

• Extreme Buyer's Market: 0 - 10% of Homes in Escrow
  
• Strong Buyer's Market: 10 - 20% of Homes in Escrow
  
• Buyer's Market: 20 - 30% of Homes in Escrow
  
• Neutral Market: 30% - 35% of Homes in Escrow
  
• Seller's market: 35% - 45% of Homes in Escrow
  
• Strong Seller's market: 45% - 55% of Homes in Escrow
  
• Extreme Seller's market: 55% - 100% of Homes in Escrow
  
  *Disclaimer : This report does not represent a recommendations to buy or sell. It is merely a helpful tool which may be used at the discretion of buyers, sellers, or agents.
  
  

  • General Facts:
  UNDER $2,000,000: The local market has experienced a significant reduction in unit sales (homes sold) in 2008 YTD vs. 2007 (same period). (See the "Marin Market Pending Sales" data report above which shows how many of the "listed homes" are actually "in contract-in escrow" now. My view is that the market is still adjusting to the recent negative economic news (ie: sub-prime mortgage meltdown, tightening of credit for borrowers, fears of recession, etc.). Consequently, local listings are receiving fewer "multiple offers" and when there are multiple offers, the bids are coming-in closer to the listed price, or slightly over-list price. That said, activity levels vary from WEEK-TO-WEEK and we have seen in the past 90 days an improvement in new sales. So, in spite of generally cautious buyer behavior, I am seeing good properties attracting offers in a matter of weeks.
  
  OVER $2,000,000: The Marin luxury property market has been relatively healthy as wealthy buyers made their desired moves. Over $4,000,000 property sales have been steady with wealthy buyers from the financial, venture capital and technology industries buying these premium, prime-location properties. One factor that is helping our luxury market is that Central-Southern Marin County is a "bargain" compared to the better neighborhoods in San Francisco where decent single-family homes start at $5,000,000. Call me for details on sales by town, or price range.
  
  Property sales will occur in all price ranges within a reasonable period of time if they are prepared, priced and marketed properly. Qualified, well-informed buyers are seeking both "turn key" properties and those with “up-side potential". Unless the location and/or the home-site is exceptional, buyers will favor those that are in turn-key condition. Unless it is a “tear-down”, most homes that are professionally “staged” will sell more quickly and for a higher price than those that are not. Buyers will take swift action and make serious bids when they see attractive spaces and perceive fair pricing. Luxury properties require special marketing. Please contact me for a full range of services to help you prepare for showings and for details on our Christie's Great Estates Luxury marketing program. Check back here monthly for the latest statistics. See the latest Marin Market Survey results link (below) for confidential opinions and market forecasts from Marin County's Top REALTORs....

  FIRST REPUBLIC BANK "Luxury Home Index":

  Luxury Home Index Report

California Assoc. of Realtors Market Statistics"

MARIN MARKET CONDITIONS SURVEY--RESULTS : 2000-PRESENT:

2007

4TH QTR 2007 >