Year to date 2009 has been terrible year for condo sales in Southern Marin. As compared to 2005-2008, the pace of unit sale is off 70% the average of those years, and the average selling price per square foot is down close to almost 20% from its peak of 626$/sqft in 2007.
Tiburon condo sales are being hit the hardest with the price per square foot off 25% from its peak, and prices are off 41%.
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Units |
Units ∆ |
Price |
Price ∆ |
$/sqft |
$/sqft ∆ |
|
2005 |
137 |
|
746,219 |
|
584 |
|
|
2006 |
100 |
-27% |
863,056 |
16% |
611 |
5% |
|
2007 |
103 |
3% |
858,300 |
-1% |
626 |
2% |
|
2008 |
69 |
-33% |
826,064 |
-4% |
594 |
-5% |
|
2009 |
37 |
-46% |
685,095 |
-17.1% |
516 |
-13% |
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Units |
Units ∆ |
Price |
Price ∆ |
$/sqft |
$/sqft ∆ |
|
2005 |
30 |
|
964,533 |
|
662 |
|
|
2006 |
31 |
3% |
1,106,199 |
15% |
712 |
8% |
|
2007 |
31 |
0% |
1,196,774 |
8% |
721 |
1% |
|
2008 |
23 |
-26% |
973,283 |
-19% |
656 |
-9% |
|
2009 |
6 |
-74% |
709,333 |
-27% |
540 |
-18% |
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Units |
Units ∆ |
Price |
Price ∆ |
$/sqft |
$/sqft ∆ |
|
2005 |
56 |
|
721,277 |
|
572 |
|
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2006 |
46 |
-18% |
861,998 |
20% |
597 |
4% |
|
2007 |
37 |
-20% |
764,270 |
-11% |
589 |
-1% |
|
2008 |
24 |
-35% |
804,771 |
5% |
569 |
-3% |
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2009 |
13 |
-46% |
696,154 |
-13% |
522 |
-8% |
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Units |
Units ∆ |
Price |
Price ∆ |
$/sqft |
$/sqft ∆ |
|
2005 |
51 |
|
645,186 |
|
558 |
|
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2006 |
33 |
-35% |
709,803 |
10% |
566 |
1% |
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2007 |
35 |
6% |
657,924 |
-7% |
580 |
2% |
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2008 |
22 |
-37% |
695,382 |
6% |
550 |
-5% |
|
2009 |
18 |
-18% |
669,028 |
-4% |
502 |
-9% |
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From Peak to Trough |
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Units ∆ |
Price ∆ |
$/sqft ∆ |
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-73% |
-21% |
-18% |
|
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-81% |
-41% |
-25% |
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|
-77% |
-6% |
-13% |
|
|
-65% |
-6% |
-13% |
Now is a good time to buy a condo anywhere in Marin as the prices are discounted to such an extent that the normal premium for the Marin location & school system is virtually gone. Call me for more details on this. Dave DuPont 415-867-6611
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