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

kylefrazierMarin Market Updates

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.