The table below shows the updated activity for the month of May 2007.  I was asked to provide similar data for the "height of the market", or the month of May from 2002 to 2004.  In doing so, I found a glitch in BAREIS reports-which they are now aware of and working on.  As a result, I am now reporting that the only town with a higher average selling price than average asking price for this month is Sausalito.  Correct numbers are below, sorted by City in alphabetical order.

City

# of homes sold

Average Days on Market

Average ORIGINAL Asking Price

Average FINAL Selling Price

# Sold AT Original Asking Price

# Sold OVER Original Asking Price

% of Available Listings in Escrow

Corte Madera

17

34

$1,180,765

$1,167,718

4

5

41%

Fairfax

9

46

$866,552

$865,333

1

3

28%

Greenbrae

11

46

$1,063,227

$1,048,500

2

2

33%

Kentfield

9

43

$3,754,222

$3,717,222

1

2

15%

Larkspur

8

54

$1,536,500

$1,501,750

1

2

18%

Mill Valley

45

67

$1,464,556

$1,405,800

7

10

30%

Novato

62

69

$816,257

$789,794

12

8

21%

Ross

5

132

$5,319,000

$4,682,000

0

2

22%

San Anselmo

18

53

$917,161

$904,606

2

5

32%

San Rafael

69

51

$829,811

$819,220

8

23

22%

Sausalito

8

47

$1,415,375

$1,441,625

3

2

19%

Tiburon

26

74

$2,037,265

$1,964,079

7

3

28%

Marin County

299

59

NA

$1,237,667

NA

NA

24%

Petaluma

52

101

$701,256

$660,498

6

7

19%

Sonoma

33

104

$1,305,983

$1,226,811

5

2

18%

Please note that all Original Asking Prices are without any price reductions.

This information is current as of June 12, 2007 and the source is BAREIS.  I update this monthly.  When the County of Marin updates their website, which includes closed sales not on MLS, then I update my website as well.  While it has not been updated as of the writing of this post, you can check back by clicking here.