Pacific Union’s Monthly Real Estate Update (November 2012)
Marin County is one of the few regions where buyers are in the driver’s seat. Six cities had fewer than 25 percent of homes in contract in November — Larkspur (0 percent), Fairfax (7 percent), Ross (17 percent), Sausalito and Tiburon (both 20 percent), and Belvedere (22 percent). The countywide average of homes in contract was 35 percent, up from 32 percent in October.
Among homes priced under $1 million, 35 percent were in contract, led by Ross (100 percent) and Corte Madera and Kentfield (both 67 percent). An average of 20 percent of homes selling for $1 million or higher were in contract, down from 23 percent the month before. All but one city had in-contract rates below 25 percent, the exception being Kentfield (29 percent).