Marin County, California sits just north of San Francisco and boasts some of the most expensive real estate in the nation.
Homes in Marin (Mill Valley, Tiburon, Belvedere, Ross, Kentfield, San Anselmo, San Rafael, Greenbrae, Corte Madera, Larkspur, and Novato) are not entirely immune to the effects of rising interest rates and the overwhelming barrage of mostly negative media coverage of the "state-of-the-market." But, Marin's home prices are resilient. The following is a brief rundown of absorption rates in Marin County as of January 14, 2007:
Current Absorption Rates (single family homes):
Mill Valley | 3.4 months |
Sausalito | 5.4 months |
Larkspur | 1.8 months |
Greenbrae/Kentfield | 4.1 months |
San Rafael | 3.5 months |
San Anselmo | 3 months |
Novato | 5.4 months |
When the absorption rate is under 3 months, assume the market favors the sellers. When the absorption rate is between 3 to 6 months, you have a more balanced market. Once you get above 6 months, however, prices tend to make meaningful strides downward.
*Note: If your town's absorption rate is not sampled above, or if you would like information on condominiums, please call Kyle at (415) 350-9440.
- Kyle Frazier, CRS
- Certified Luxury Home Marketing Specialist
- Broker Associate
- Christie's Great Estates | Morgan Lane Marin Real Estate
- (415) 350-9440
- www.NorthBayRE.com
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