Marin County, California Real Estate Market Update -- Home Prices and Inventory

By
Real Estate Agent with Christie's Great Estates | Pacific Union International

The number of homes for sale (inventory) in Marin County, California continues marching upwards. There are 701 active listings (up from 647 active listings this time last month). We are likely at or near the high water mark (in terms of the sheer number of homes for sale). While the number of homes for sale has gone up, it is still fairly low historically.  

The graph below breaks down the current number of homes for sale in Marin County, California, as of July 1, 2007, along with the price ranges for each town/city. Also included is a note indicating whether inventory is up or down over the past month:

Marin Single Family Homes For Sale

Town/CityHomes for Sale (Active Listings)Price Range
Sausalito31 - up 3 units$995,000-$11 million
Belvedere15 - up 1 unit$1.995 million-$18 million
Tiburon47 - down 10 units$1,050,000-$13.95 million
Mill Valley72 - up 22 units$649,000-$6.9 million
Larkspur15 - up 2 units$765,000-$2.8 million
Corte Madera13 - down 5 units$689,000-$3.995 million
Greenbrae6 - down 2 units$739,000-$1.85 million
Kentfield31 - up 7 units$550,000-$12.995 million
Ross19 - up 3 units$799,000-$22 million
San Anselmo37 - up 5 units$649,000-$3.495 million
San Rafael130 - up 11 units$599,000-$4.745 million
Novato196 - up 17 units$499,000-$6.95 million

Some observations: If you want to live in tony Belvedere, you'll need a good $2 million to buy at the entry level (Belvedere is also home to one of Marin's highest priced luxury homes at $18 million-it boasts an infinity pool with views overlooking the Golden Gate Bridge). The highest priced home in Marin is a 6,000 square foot gated estate in Ross on 3 acres. 

The average sales price for homes sold in Kentfield last month was over $1.7 million. On the other hand, San Rafael and Novato offer a total of 78 homes under $750,000 (up by 24 from June 1, 2007). Novato's 196 active listings is most in Marin County. Greenbrae's 6 active listings is lowest in the County (Larkspur and Corte Madera also continue to experience very low inventory). 

If you desire a more specific analysis of your neighborhood, please give me a call at (415) 350-9440.

Posted by

Kyle Frazier | (415) 350-9440 | Kyle@ImagineMarin.com

Broker Associate, J.D. | Certified Residential Specialist | Certified Luxury Home Marketing Specialist | DRE 01405738
Pacific Union International & Christie's Great Estates -- Marin County, California

 

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