Marin County Real Estate Update–May 2008 (Homes For Sale & Price Ranges)
Marin County, California, real estate continues its annual journey onwards and upwards. As the buying and selling season wears on, inventory is up as are the number of homes in escrow. We currently have 881 active listings (up from 802 in April 2008). This time of year historically sees an up-tick in listings as sellers with children wait for school to let out before putting their homes on the market and the homes that are not selling remain on the market–I all it the “inventory accretion season.” Buyers continue to visit open houses in droves. Report of multiple offers continue rolling in (one home I called on last week was at 23 offers and counting). Interest rates are truly outstanding right now–if you are interested in up-to-the-minute rates, contact me.
The graph below breaks down the current number of homes (not including condos) for sale in Marin County, California, in May 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
|
21
|
$899,000-$18 million
|
|
Belvedere
|
16
|
$2.599 million-$9.95 million
|
|
Tiburon
|
43
|
$1.399 million-$13.95 million
|
|
Mill Valley
|
103
|
$524,000-$10.25 million
|
|
Larkspur
|
25
|
$319,000-$2.695 million
|
|
Corte Madera
|
22
|
$605,000-$2.3 million
|
|
Greenbrae
|
8
|
$1.098 million-$2.499 million
|
|
Kentfield
|
24
|
$869,000-$15.95 million
|
|
Ross
|
17
|
$749,000-$22 million
|
|
San Anselmo
|
60
|
$639,000-$4.495 million
|
|
San Rafael
|
184
|
$469,000-$6.95 million
|
|
Novato
|
263
|
$325,000-$3.499 million
|
Some observations: Buying a home in tony Belvedere, as always, is an expensive proposition–you’ll need $2.599 million at the entry level (and note that a new listing on one of the lagoon’s coveted roads, Peninsula Road, just came on the market at $2.795 million). Tiburon boasts five homes in the $10 million and up range.
On the other hand, Novato continues to be a Marin home buyers’ dream with 29 homes under $500,000; 83 homes under $600,000. Novato’s 263 active listings is by far the most in Marin County. Investors are active (again, amazing rates right now) and all signs point to a healthy market in Marin County in coming months. If you desire a list of Marin County’s best deals or more specific analysis of your neighborhood, please give me a call at (415) 350-9440.