Compare to four months ago, in the middle of winter, the number of inventories almost doubled (from 844 to 1586). The good news is, the market has started to move again, after the dramatic slow down.
The percentage of pending sales for bread and butter homes priced under $1M increased a healthy 6%, from 20% to 26% (brings it right to neutral market). Homes priced higher than $2M stays the same at 15% and homes priced between $1M and $2M dropped 2% from 22% to 20%.
The lowered price for start homes are allowing buyers who were not able to afford a Marin Home to start buying again.
There is a silver lining in all that cloud! :-)
| As of 06/15/2008 | |||
| On Market | In Contract | % Pending | |
| Marin - Total | 1586 | 362 | 23% |
| Belvedere | 22 | 4 | 18% |
| Corte Madera | 50 | 13 | 26% |
| Fairfax | 40 | 7 | 18% |
| Greenbrae | 33 | 7 | 21% |
| Kentfield | 29 | 7 | 24% |
| Larkspur | 35 | 5 | 14% |
| Mill Valley | 169 | 42 | 25% |
| Novato | 458 | 123 | 27% |
| Ross | 18 | 4 | 22% |
| San Anselmo | 80 | 17 | 21% |
| San Rafael | 400 | 94 | 24% |
| Sausalito | 65 | 13 | 23% |
| Tiburon | 86 | 8 | 9% |
| Marin 1-2 million | 396 | 80 | 20% |
| Marin > 2 million | 215 | 32 | 15% |
| Marin 0-999,999 | 975 | 250 | 26% |
| Buyer's Market | <25% | ||
| Neutral | 25% - 40% | ||
| Seller's Market | >40% |
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