Marin County and Southern Sonoma County Real Estate Market Conditions Update for July 2007

By
Real Estate Agent with RE/MAX License# 01336994

The table below shows the activity for the month of July 2007, sorted alphabetically by the name of the City.

The numbers for Corte Madera are affected by the sale of the Bill Graham Estate, which was originally on the market for $24M and selling, after 360 days, for $19.9M.  This was a 12,000 sf home on 11 acres, with (of course) views.

The numbers for Sausalito are affected due to 4 out of the 5 sales being condominiums.

For Tiburon, only one of the homes sold for under $1M at $885K.

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

15

67

$2,771,530

$2,258,133

3

1

39%

Fairfax

8

42

$1,036,875

$1,011,375

1

1

23%

Greenbrae

7

28

$1,156,929

$1,207,143

 

4

41%

Kentfield

9

33

$2,120,889

$2,097,983

1

5

29%

Larkspur

9

41

$963,994

$930,222

1

1

18%

Mill Valley

46

58

$1,338,126

$1,281,207

4

11

32%

Novato

51

69

$851,793

$813,528

2

4

14%

Ross

1

108

$2,295,000

$2,000,000

 

 

24%

San Anselmo

17

59

$1,137,029

$1,073,149

2

3

30%

San Rafael

47

67

$884,149

$841,309

3

6

22%

Sausalito

5

85

$702,600

$687,800

1

1

25%

Tiburon

18

46

$2,387,722

$2,245,904

2

2

24%

 

 

 

 

 

 

 

 

Marin County

244

69

NA

$1,231,370

NA

NA

21%

 

 

 

 

 

 

 

 

Petaluma

45

64

$684,727

$651,434

6

6

14%

Sonoma

39

81

$980,790

$910,701

5

3

15%

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

This information is current as of August 5, 2007 and the source is BAREIS and CleanOffer.

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Kelley Eling

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