Marin County Real Estate Update–December 2008 (Homes For Sale & Price Ranges)

Insofar as Marin County goes, the holiday season is not traditionally an active time for home sales–this year is no exception. Inventory is down to 607 homes for sale (we had about 716 last month). Although reports of multiple offers continue–especially on well-priced bank owned properties in Novato–even the foreclosures are sometimes taking a long while meandering to a close. Despite the ongoing financial crisis, interest rates are very attractive and they are being pushed down further for those that qualify. I do feel that there is a large level of pent-up demand that will expose itself in the new year. But, until then, enjoy your families, your friends, and the holidays. 

The graph below breaks down the current number of homes (not including condos) for sale and in escrow in Marin County’s HWY 101 corridor (e.g., Marin’s coastal communites are not included) in December 2008, along with the price ranges for each town/city. 

Marin Single Family Homes For Sale

Town/City
Homes for Sale
(Active Listings) 
Price Range
Sausalito
20
$700,000-$18 million
Belvedere
16
$2.395 million-$48 million
Tiburon
56
$1.35 million-$43.995 million 
Mill Valley
79
$599,000-$4.5 million
Larkspur
23
$499,000-$3.2 million
Corte Madera 
14
$599,000-$1.995 million
Greenbrae
7
$925,000-$1.589 million
Kentfield
19
$725,000-$6.95 million
Ross
16
$1.249 million-$17.5 million
San Anselmo 
53
$474,000-$2.995 million
San Rafael
140
$249,000-$1.135 million
Novato
169
$239,000-$6.95 million

 

 

Some observations: You can own a small piece of ultra-desirable Tiburon for $1.35 million. And if you are looking to spend $10 million or more for an amazing estate home with views of San Francisco, the Golden Gate Bridge, the San Francisco Bay, Alcatraz, and Angel Island, start looking in Tiburon, which has many fine options–you may also find a few befitting homes in Belvedere. For a detailed executive summary providing statistics and trends relating to the Marin real estate market (or any specific zip code), please call me any time (I am Kyle Frazier, Marin Realtor & CRS) at (415) 350-9440. It is always my pleasure to be of service.