Marin County Real Estate Update (Homes For Sale & Price Ranges)
May 3, 2007
The number of homes for sale (inventory) continues marching upwards–countywide, there are 647 active listings (up from 549 active listings this time last month). The high point (in terms of the sheer number of homes for sale in Marin County) will likely be next month. While the number of homes for sale has gone up, it is still very low historically (especially in Greenbrae, which has only 8 active listings).
The graph below breaks down the current number of homes for sale in Marin County, California, as of May 1, 2007, along with the price ranges for each town/city. Also included is an arrow noting whether inventory is up or down over the past month:
Marin Single Family Homes For Sale
|
Town/City
|
Homes for Sale
(Active Listings)
|
Price Range
|
|
Sausalito
|
28 ? ?6 units
|
$618,000-$11 million
|
|
Belvedere
|
14 ? ?2 units
|
$2.195 million-$9.995 million
|
|
Tiburon
|
57 ? 1 unit
|
$839,000-$13.95 million
|
|
Mill Valley
|
58 ? 12 units
|
$729,000-$7.975 million
|
|
Larkspur
|
13 — ?4 units
|
$860,000-$4.7 million
|
|
Corte Madera
|
18 ? 2 units
|
$795,000-$24 million
|
|
Greenbrae
|
8 ? No Change
|
$769,000-$1.595 million
|
|
Kentfield
|
24 ? 9 units
|
$575,000-$15.95 million
|
|
Ross
|
16 ? 2 units
|
$639,000-$22 million
|
|
San Anselmo
|
32 ? ?18 units
|
$759,000-$3.599 million
|
|
San Rafael
|
119 ? ?5 units
|
$488,000-$4.745 million
|
|
Novato
|
179 ? 3 units
|
$525,000-$9.25 million
|
Some observations: If you want to live in Belvedere, you?ll need more than $2 million to buy at the entry level; The average price per square foot for homes in Kentfield is over $1,000 per square foot; on the other hand, San Rafael and Novato offer a total of 54 homes under $750,000. The largest spread in price range belongs (again) to Corte Madera, as the Bill Graham Estate on 11 acres remains Marin?s highest priced active listing at $24 million (recently reduced by $3 million).
If you desire a more specific analysis of your neighborhood, please give me a call at (415) 350-9440.
Marin Population Growth Surges in Novato
May 1, 2007
As noted in a recent news report in the Marin Independent Journal, growth rates in Marin were relatively low over the past year. Overall, population growth was 0.9 percent last year (for a total population of 255,982).
In Novato, however, the population grew by 2.4 percent to 52,426, largely due to new housing in Hamilton Field, Atherton Ranch, and several smaller developments such as Pointe Marin. Over the past seven years, Hamilton has seen over 2,100 homes built. The large increase in population (mainly young families) has resulted in rapid increases in the number of children attending Hamilton Elementary School, which has grown from 365 children to 488 children over the past two years.
Since 1999, growth in Novato has far outpaced that of the rest of Marin:
- Novato is up 10%
- Corte Madera is up 4%
- San Rafael is up 3.5%
- Tiburon is up 2.5%
- Ross is up 2.15%
- Sausalito is up 1.7%
- Mill Valley is up 1.6%
- San Anselmo is up 1.1%
- Belvedere is up 1.1%
- Larkspur is up .9%
- Overall, the population is up 3.5%
This information derived from the Marin Independent Journal, Growing Pains, 5/3/07 (Article).
