Larkspur, CA Real Estate Market Conditions Update ~ December 2011

By
Real Estate Agent with RE/MAX License# 01336994

As of January 9, 2012 34% of the available listings in Larkspur are in escrow.

For the month of December 2011 only 3 homes sold in Larkspur for an average final selling price of $223,333.

(All three of these homes were distress sales and all on Larkspur Plaza Drive.)

The average original asking price of these homes was $259,767.

The range of final selling prices was from a low of $220,000 to a high of $229,000.

Of the 3 homes that sold only 1 sold over the original asking price and that home was bank-owned. Of the other two, one was bank-owned and one was a short sale.

It took these homes an average of 215 days to sell. The short sale skewed this number by taking a whopping 502 days to sell. Really, the banks can't respond any faster than that? 502 days?

To see everything that is currently available for sale through our MLS click here.

To learn more about this area feel free to contact me directly.

Statue Near Larkspur Landing Ferry Terminal by Kelley Eling, Marin County Realtor
Statue Near Larkspur Landing Ferry Terminal by Kelley Eling, Marin County Realtor
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Rainmaker
846,224
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Thank you for the information.  I need to know what is going on in other parts of the state.

Jan 10, 2012 02:12 PM #1
Rainmaker
1,179,529
Adrian Willanger
206 909-7536 AdrianWillanger-broker.com - Seattle, WA
Profit from my two decades of experience

Kelly-Sounds like the buyers might be coming out in 2012. Thanks for the  update.

 

Best

Jan 10, 2012 02:12 PM #2
Rainmaker
808,819
Anthony Stokes-Pereira
Better Homes and Gardens Rand Realty - Nanuet, NY
Realtor

A great presentation on activity in your market area!

Jan 10, 2012 02:14 PM #3
Rainer
482,868
Chandler Real Estate Liz Harris, MBA
Liz Harris Realty - Chandler, AZ
#ChandlerRealEstateAgent

Great report... hoping things remain positive in your market!

Jan 10, 2012 02:45 PM #4
Rainmaker
1,116,244
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com
Coldwell Banker, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Kelley - Good, local real estate market report.  You've given both buyers and sellers a lot of good information to use.  Nicely done!

Jan 10, 2012 05:45 PM #5
Rainmaker
281,653
Kelley Eling
RE/MAX - Novato, CA
Realtor Extraordinaire

But 502 days?  Short sales have been commonplace for about 6 - 7 years.  And it is still taking 502 days for them to decide if an offer is acceptable or not.  THAT is not acceptable.

Jan 11, 2012 05:13 AM #6
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Rainmaker
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Kelley Eling

Realtor Extraordinaire
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