Marin County, California, Real Estate Update / Market Report (September 2007)

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 739 active listings (up by 50 from 689 active listings this time last month). As expected, we are seeing a substantial increase in the number of homes on the market this September-due in part to extended marketing periods and the traditional influx of new inventory after Labor Day. 

The graph below breaks down the current number of homes for sale in Marin County, California, as of September 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
Sausalito20 - down 5$695,000-$8.85 million
Belvedere13 - down 1$2.775 million-$9.2 million
Tiburon47 - up 5$1,275,000-$38.5 million
Mill Valley68 - up 7$629,000-$6.25 million
Larkspur13 - no change$947,000-$2.8 million
Corte Madera15 - up 2$825,000-$3.995 million
Greenbrae7 - up 3$1,285,000-$2.85 million
Kentfield25 - up 3$695,000-$15.59 million
Ross15 - down 1$1.199,000-$22 million
San Anselmo44 - no change$645,000-$3.495 million
San Rafael141 - up 15$565,000-$4.399 million
Novato235 - up 29$475,000-$6.95 million

Some observations: If you want to live in tony Belvedere, you'll need a good $2.75 million to buy at the entry level. Belvedere is again home to one of Marin's highest priced ultra-luxury homes at $18 million-it boasts an infinity pool with views overlooking the Golden Gate Bridge. The highest priced home in Marin, however, is an ultra luxury Tiburon estate on about 8.5 acres, with 12 Bedrooms, 10 full baths and 3 half baths (it also boasts some very nice views). 

The average asking price for homes in Kentfield is over $3.48 million (just under $950 sq./ft., with an average days on market of 103 days). On the other hand, San Rafael and Novato offer a total of 113 homes under $750,000 (up by 94 from July 1, 2007). Novato's 235 active listings is most in Marin County (and up 25 from last month). Greenbrae's inventory almost doubled this month-going from an astonishingly low 4 active listings up to 7-still lowest in the County. Mill Valley has just 14 homes priced under $1 million.  

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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