Tiburon Real Estate Market Profile

Posted on August 14, 2008 by Ginger Wilcox

This market profile is a weekly snapshot of what is happening in Tiburon. 

Prices in Tiburon continue to bounce around all over the map while the amount of inventory and days on market continues to to climb.

Tiburon Real Estate Market Update
Median List Price $2,794,950
Asking Price per Square Foot $940
Average Days on Market 94
Percent of Properties with Price Decrease 34%
Percent Relisted 2%
Median House Size (sq ft) 3,339
Median Lot Size 0.25-0.50 acre
Median Number of Bedrooms 4.0
Median Number of Bathrooms 3.6
Market Action Index 14  – Cold! Buyer’s Market

 

The Market Action Index answers the question “How’s the Tiburon Real Estate Market?” By measuring the current rate of sale versus the amount of inventory.  Index above 30 implies Seller’s Market conditions.  Below 30, conditions favor the buyer.

Tiburon Real Estate Market Data effective as of August 10, 2008.  Data provided by AltosResearch.  Are you a Marin real estate junkie? Sign up below to my Real-Time Market Report for each city in Marin.  You can also sign up to receive very detailed real-time market reports in your email.   Just register below and let me know which neighborhoods you are interested in.  Download a sample report.

 

Mill Valley Real Estate Market Profile

Posted on by Ginger Wilcox

This market profile is a weekly snapshot of what is happening in Mill Valley. 

This week saw a downward notch for prices.  Pricing has been weak in recent weeks.

Mill Valley Real Estate Market Update
Median List Price $1,295,000
Asking Price per Square Foot $652
Average Days on Market 95
Percent of Properties with Price Decrease 49%
Percent Relisted 3%
Median House Size (sq ft) 2,139
Median Lot Size 0.25-0.50 acre
Median Number of Bedrooms 3.0
Median Number of Bathrooms 2.5
Market Action Index 16  – Cold! Buyer’s Market

 

The Market Action Index answers the question “How’s the Mill Valley Real Estate Market?” By measuring the current rate of sale versus the amount of inventory.  Index above 30 implies Seller’s Market conditions.  Below 30, conditions favor the buyer.

Mill Valley Real Estate Market Data effective as of August 10, 2008.  Data provided by AltosResearch.  Are you a Marin real estate junkie? Sign up below to my Real-Time Market Report for each city in Marin.  You can also sign up to receive very detailed real-time market reports in your email.   Just register below and let me know which neighborhoods you are interested in.  Download a sample report.

 

Corte Madera Real Estate Market Profile

Posted on by Ginger Wilcox

This market profile is a weekly snapshot of what is happening in Corte Madera. 

This week saw relatively little price change from last week. However, the median price in Corte Madera continues to demonstrate a nice up trend in
general over the last several weeks.

Corte Madera Real Estate Market Update
Median List Price $1,107,000
Asking Price per Square Foot $640
Average Days on Market 59
Percent of Properties with Price Decrease 33%
Percent Relisted 3%
Median House Size (sq ft) 1,648
Median Lot Size 6,501-8000 sq feet
Median Number of Bedrooms 3.0
Median Number of Bathrooms 2.0
Market Action Index 19  – Cold! Buyer’s Market

 

The Market Action Index answers the question “How’s the Corte Madera Real Estate Market?” By measuring the current rate of sale versus the amount of inventory.  Index above 30 implies Seller’s Market conditions.  Below 30, conditions favor the buyer.

Corte Madera Real Estate Market Data effective as of August 10, 2008.  Data provided by AltosResearch.  Are you a Marin real estate junkie? Sign up below to my Real-Time Market Report for each city in Marin.  You can also sign up to receive very detailed real-time market reports in your email.   Just register below and let me know which neighborhoods you are interested in.  Download a sample report.

 

Live Marin Real Estate Market Reports

Posted on August 5, 2008 by Ginger Wilcox

I am very excited about some new market charts and reports that I now have here on BlogbytheBay.com.

My market research reports are real-time and have detailed information about what is happening right now in the market.  You can learn about Marin real estate price trends, supply and demand and other leading indicators of the real estate market.

Market stats can now be found LIVE on this site by clicking on the link at the top of the page or by book marking this page.MarinRealEstateMarketReports

You can also sign up to receive very detailed real-time market reports in your email.  These reports are awesome – tons of information.  Just register below and let me know which neighborhoods you are interested in.  See the screenshot below or download a sample report.

MillValleyReportSample 

 

 

Let me know what you think.  I personally think these reports rock.  I love my friends at Altos Research!

July Marin County Home Sales Stats

Posted on August 4, 2008 by Ginger Wilcox

July Marin home sales numbers are in and the results are about what I expected.  The number of Marin homes for sale increased by about 10 percent, while the number of homes going into contract was relatively flat from last year.  The number of homes sold was down just fourteen percent.  While sales are still down from last year, the gap between sales of 2007 and 2008 is closing. In June, sales were down 20% from the previous year, so we did see a slight improvement.

July 2007 July 2008 ∆ % ∆
For Sale 1,099 1,219 111 10.10
Under Contract 182 184 2 1.10
Sold 204 176 -28 -13.73

*Statistics pulled from BAREIS MLS. Single Family Residential Only.

How is the Marin Real Estate Market?

Posted on July 30, 2008 by Ginger Wilcox

When will the real estate market rebound?

I get this question daily along with the “other” question “how is the Marin real estate market?”

How do I answer that question? Well- the Marin real estate market is unbelievable. One word can actually sum it up- Unbelievable!

Marin has lots of micro-markets. It is hard to make sweeping statements about our real estate marketplace in Marin. What is happening in one Marin neighborhood, may be completely different than another –not too far away. One home gets multiple offers, 3 blocks away another Marin home is languishing on the market. Unbelievable!

As always, location, schools, price range and condition continue to drive our market. I feel like I say this 100 times a month and many people just aren’t listening- a home has to be in tip top shape to garner immediate attention. This means staging, staging, and staging. It also means a fresh coat of paint in most situations, fresh plants (curb is appeal can make you or break you)

Avram Goldman, President and CEO of Pacific Union GMAC Real Estate says this in July 20th The Goldman Report:

When will the market rebound? That is the million dollar question. A recent article in CNNMoney.com by Amanda Gengler explored this topic. Amanda asked a number of experts as to what are the signs of a rebounding market.

The indicators were:

  1. positive job growth
  2. a shrinking housing stock
  3. shrinking number of days on the market
  4. prices falling at a slower pace
  5. a shrinking ratio of housing prices to rents
  6. a rising housing affordability index (an increasing number of buyers that can afford to buy a home).

At this point our market has 3 of the indicators mentioned—our housing stock has declined significantly since the beginning of the year—the affordability index has been increasing since the end of last year—and finally the pace of falling home prices has been diminishing. When the other two factors kick in we will be headed for the rebound that Amanda discusses. One final note, it was pointed out that real estate is a local game. According to the National Assn. of Realtors median prices for existing single family homes was actually higher than a year ago in a third of the country’s metro areas.

The same variations exist here in our own market. One size does not fit all.

One size truly does not fit with regards to Marin real estate. If you are considering selling your Marin home, talk to a Marin County real estate expert who can help guide you through the process. Preparation is everything! If you are thinking about purchasing a Marin home, this is an incredible opportunity to find a home. Consult a qualified Marin real estate agent who can assist you in getting the best deal available!

An uphill climb for Marin Real Estate

Posted on July 8, 2008 by Ginger Wilcox

An uphill climb and it all looks good. The chart below reflects all Marin County residential real estate. As you can see detailed in the chart, January sales stats county wide were dismal- down 45% from the previous year. Since March, the number of Marin homes and condos going into contract over the same month the previous year has steadily improved.

Finally- in June, the number of Marin homes & condos going into contract passed up the number of units from June 2007!! What does that mean? More buyers entered into contract to purchase a property in June 2008 over 2007.

Does this mean.. buyers are back in the market?

MarinHomeSalesyoy

What Marin cities are hot in the real estate market

Posted on May 24, 2008 by Ginger Wilcox

Single Family homes under contract in Marin County

April 2008 vs. April 2007

Belvedere +200%
Corte Madera +8%
Fairfax -38%
Greenbrae +25%
Kentfield +40%
Larkspur -75%
Mill Valley -36%
Novato -20%
Ross -50%
San Anselmo -12%
San Rafael +7%
Sausalito +17%
Tiburon +85%

 

Countywide, the number of Marin homes for sale was up almost 16% from last April. The number of homes under contract was down about 13% while the number of units sold is down about 31%.

While the number of homes sold in April 2008 vs April 2007 is dismal, the glimmer of hope is in the units under contract. We have gradually seen this number get closer to 2007 numbers for many Marin cities, indicating next month’s sold number may be even better.

A bright light for Marin County home sales

Posted on May 4, 2008 by Ginger Wilcox

Marin County Home Sales, April 2008

This chart makes me happy.  It shows the real estate stats for Marin County single family homes for April 2008.  The number of homes for sale increased 11.24% over last year.  The number of Marin homes actually closing escrow is down almost 40% from last year. 

I know, I  know.  This number sounds TERRIBLE.  Where is the good news Ginger?  The bright light is that the number of Marin homes under contract is only 6% less than the number for April 2007.  Perhaps by the time that May closed sales are reported, those homes under contract will convert to CLOSED Marin County home sales!

A bright light for sure…