Marin County Home Sales Are Improving......

By
Real Estate Agent with Tam Realty

 

Although Marin has felt the home crunch like the rest of the country, we definitely haven't been hit as hard and it things are looking up......here is some data from May.....

Marin home sales remain lower than last year, though sales are picking up a bit after several months of record lows.

The median price of a single-family home in Marin last month was $935,000, down from $1,010,000 a year earlier, and just 165 single-family homes were sold - down from 254 sold in April 2007, DataQuick Information Systems of La Jolla reported Tuesday.

In March, the median single-family home price in Marin was $862,500 and 110 single-family homes were sold.

Across the Bay Area, 6,310 homes and condos sold. That was up 29 percent from 4,898 in March but down 15 percent from 7,447 in April 2007.

The month-to-month jump was the strongest for any March-to-April in DataQuick's statistics, which go back to 1988. Starting last September and running through March, each month was the slowest on record.

The median price for a Bay Area home was $518,000 last month, down 3.4 percent from $536,000 in March, and down 21.4 percent from $659,000 in April last year.

"The big issue here is that mortgages are becoming obtainable, which will reduce the pile of stacked up pending escrows," said Marshall Prentice, DataQuick president.

Foreclosure property resales accounted for 26 percent of last month's Bay Area market. Foreclosure properties accounted for 9 percent of Marin's resale market.

 

Kira Swaim

Owner/Realtor

Tam Realty

415-209-4750/kira@tamrealty.com

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Location:
California
Groups:
Realtors®

Spam prevention
Show All Comments
Rainer
138,257
Hope Goss
Ventura Property Shoppe - Ventura, CA
Ventura Real Estate

We are seeing similar March to April numbers down the coast in Ventura County.  Let's hope it continues.  May seemed to be pretty busy, and June might show some increase too, but it seems to be slowing a bit again.  Could be the increase in interest rates over the last several weeks.

Jun 30, 2008 01:52 AM #1
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
1,932

Kira Swaim

Ask me a question
*
*
*
*