Tagged : Marin County Real Estate Analysis

Found 15 blog entries tagged as "Marin County Real Estate Analysis".

According to statistics compiled from the Bareis MLS , there were 1937 sales of single family homes and condos in Marin County for the 1st 9 months of 2018. This compares with 1995 units sold in the same period of 2017, a decrease of 58 units or 2.9%. These statistics would seem to indicate that Marin County is performing better than much of the rest of the state. According to a November 12 blog post by CoreLogic, an Irvine, CA-based real estate information service, statewide sales of existing single family homes and condos in September were down 17.2%  from the same period a year ago. The report said this was the largest year-over-year decline "for any month in nearly eight years". The CoreLogic report also notes that in September the statewide

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For the month of July, Active Listings are up 9% over the same period last year, but pending sales are down 19% on a year-to-year basis. July's new listings were Down 26% from July of 2015 and also down 25% from June of 2016.

Currently, there is only a 1.8 month supply of available housing inventory on the market, up marginally from 1.7 months in April, May, and June.

There were 285 new listings in July, 10 more than in july of last year, and 159 homes sold during the month, down 14% from 185 in July of 2015.

Average days on market (DOM) have crept up from 39 last year to the current level of 49, not quite as quick, but still not bad!

The ratio of sales price to list price in July was 100%, meaning that, on average, homes sold at the list

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It is my pleasure to assist clients with real estate purchases and sales throughout Marin County and adjoining areas but, as a resident of San Anselmo (only a block or so from Downtown), my particular interest is in this very special area of Marin. I often write about restaurants or local events, but today, since we are in the midst of the spring selling season, wanted to follow up on last month's report on San Anselmo home prices.

Our previous report focused on the first four months of 2016, noting that 37 Single Family Residences (SFR) and 3 Condos sold during the period. Let's take a look at the similarities and differences. When we compare statistics from the first 29 Days of May, we see that 13 SFR's and 1 Condo sold during the period.

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People ask all the time "How's the Market?", and for the past couple of years, the answer has been "Very active, with many buyers competing for a limited number of properties". Just to give readers an idea of what this means, I took a closer look at the San Anselmo sales statistics for the first four months of the year, and compared them to the same period in 2015.

First, the market for housing in both periods was predominantly Single Family Residences (SFR). This year, 34 SFR's sold in the 1st 4 months of the year vs. only 2 Condos. Last year the numbers were 37 SFR's and 3 Condos. Looking at the prices, I found the following:

2016

SFR

Average List Price $1,152,222.

Average Sold Price $1,174,276 or about 1.9% over asking

Average

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In a November 13 report, CoreLogic DataQuick noted that Bay Area housing market sales activity posted modest gains in October, increasing from 7,443 units in September to 7,693 in October, a 3.4% increase. To put this in perspective, the article states that a slight uptick in sales from September to October is normal but that, historically, volume has ranged from a low of 5,486 units in September 2007 to a high of 13,392 in 2003. The article points out that this October's sales were 9.7% below the average of 8,521 October unit sales since 1988. Further, the CoreLogic article speculates that sales activity remains relatively low due to a tapering off of investor activity and all-cash sales (20.5% in October, 2nd lowest since Nov 2008 when it was

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 Hello Everyone,

In an October 14 report, Core Logic Data Quick, a real estate information service notes that September Bay Area residential real estate sales reached 7443 units, up 4.2 percent from 7,141 in September of last year, the highest number for any September since 2009, when 7,879 units sold.The article also noted that "Sales for the month of September have varied from 5,014 in 2007 to 13,343 in 2003. The average since 1988, when CoreLogic DataQuick’s statistics begin, is 8,479." A chart included with the article showed Marin County sales of 270 units this September, down 10% from last September's 300 sold homes. At the same time, the article points out that  the median price of a Marin County sold home in September was $880,000, 17.3% higher

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Hello Everyone,

A September 11, 2014 article by Irvine, CA-based real estate information service Core Logic DataQuick notes that although Marin county home sales declined from 355 units in August of 2013 to 323 units in 2014, median prices were up from $760,000 to $839,500. Some of this increase would be attributable to factors other than increase in value, such as the market mix of specific homes being sold during the two periods. The article goes on to say that although there is considerable month-to-month fluctuation in market indicators, the Bay Area market as a whole seems to be trending back towards “long term norms”. Data Quick analyst, John Karevoll is quoted as saying “The most congestion in the various pipelines that comprise the housing

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In an article dated May 14, 2014, San Diego-based Data Quick, a real estate news service, noted that the 19.8% March-April increase in Bay Area home sales this year significantly exceeded the historical 4.8% average. In spite of this, the 7,555 units sold still fell below the average of 8,978 April sales going back to 1988. According to the article, Bay Area April home sales have ranged from the low of 5,636 in 1995 to the peak of 14,430 in 2004, but have not reached the historical average of 8,978 in any month for more than 8 years.

The article goes on to note that distressed home sales (short sales and foreclosures) continue to fall, and accounted for about 7.4% of the April market in the Bay Area--- down from 8.9% in March and 20.1% a year ago. It

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This month's report begins with a couple of timely and relevant Holiday real estate stories. The author promises that there are actual statistics contained in this report, and those who are eager to find them sooner, rather than later, may, of course, scroll down!

People often ask me about the state of our local real estate market. This year, I've been telling them about the tremendous opportunities for sellers due to the low inventory of homes for sale, escalating prices, and frequent multiple-offer situations. Last week, on my way to a class, I picked up my friend Anne in the East Bay, and it wasn't too long before the conversation turned towards real estate. I told her things were slowing down a bit, with lots of buyers and sellers getting

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According to an October 17 report by DataQuick, a San Diego-based real estate news service, a total of 300 homes sold in Marin County in September, at a median price of $750,000. The figure includes both single family homes and condo's and reflects an increase of 15.4% in price and 11.9% in numbers of units for sale, compared to the same period last year. In August of this year, the comparable figures were 350 units sold at a median price of $760,000. The article notes that in the nine-county Bay Area real estate market, September marked the second month of a month-to-month decline in the median sales price which, it stated, reached a high of $665,000 in June/July of 2007, and a low of $290,000 in March of '09.

Although the median price of Bay Area

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