Hey, we have a normal real estate market. Final closing numbers for Marin County real estate sales in December and 4th quarter 2009 show a very stable and consistent market. Volume is where it should be and p
rices held steady for the most part.
Now, for those who expect an immediate financial return on their personal residence, the Marin market may still seem depressed. There are still too many real estate agents in the market so it may seem that business is slow, but with the highest volume in over 2 yrs and 30% higher than last year, the fourth quarter of 2009 was quite normal.
As you know, I use MLS Average Price and Price Per SF statistics. Yeah, I know, they don't tell the whole story, but for market comparisons I think they are adequate for the time and effort. The total Marin market in December 2009 closed 220 Single Family Residences (SFR)/Condo at $881k average price and $428 average price/sf. This was up slightly from November 2009 and fairly consistent with the past 3 mos average. The Q4'09 total was 663 units at $870k and $422/sf compared to Q4'08 at 456 units, $875k and $434/sf. The difference in volume between 08 and 09 was completely SFR; condo sales for both quarters were similar. 
Comparing Q3'09 to Q4'09, single family average pricing in 4thquarter was up in Sausalito($1.355m), Mill Valley($1.168m), Tiburon/Belvedere($2.664m) and San Rafael($826k); and down in Corte Madera/Larkspur($1.101m), Ross Valley/Fairfax($1.157m) and Novato($641k).
Contact me directly for a more precise breakdown of each community and its pricing history.
Twenty Ten seems to be off to a very slow start of what has been an invigorated market. I believe the next two months will give us a great snap shot of what is in store for this year. After 10 yrs of steep inclines and 2 years of steep declines we have become accustom to volatile pricing. However, I would be perfectly happy with modest volume and -5% to 5% value increase.
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