Marin County is seeing Multiple Offers Again!

The table below shows the activity for the month of February 2007, sorted by the City with the highest percentage of available listings in escrow.  Anything above 35% is considered a Seller´s Market.  Anything below 30% is considered a Buyer´s Market.  Between 30% and 35% is considered a Neutral Balanced Market. 

Although, if you look at all the relevant information available, that may not necessarily be the case.

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

Greenbrae

13

41

$1,161,731

$1,135,308

2

3

54%

Corte Madera

9

50

$987,111

$949,778

2

1

41%

Fairfax

11

107

$749,273

$722,455

0

1

36%

Mill Valley

28

79

$1,421,411

$1,331,690

5

5

31%

San Rafael

32

88

$865,312

$823,656

3

4

30%

San Anselmo

15

71

$1,198,600

$1,154,267

4

1

29%

Larkspur

2

11

$1,324,500

$1,262,000

1

0

27%

Sausalito

5

41

$1,060,600

$1,051,000

1

1

24%

Tiburon

10

124

$2,702,900

$2,322,200

2

2

23%

Novato

37

97

$777,811

$732,945

2

12

21%

Kentfield

3

214

$3,963,000

$3,300,000

0

0

20%

Ross

1

29

$1,550,000

$1,525,000

0

0

19%

Petaluma

44

103

$617,458

$586,227

5

7

25%

Sonoma

26

134

$722,056

$647,863

2

1

18%

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

This information is current as of March 4, 2007 and the source is BAREIS.  I update this monthly.  When the County of Marin updates their website, which includes closed sales not on MLS, then I update my website with that information as well.  You can view updated information by clicking here.