The Marin real estate market saw home prices and home sales fall in August. During the month, single-family home sales dropped more
than thirteen percent. The median price of a home in Marin County also fell more than eleven percent and more than
fifteen percent compared to the year before. The average price of a home in Marin, a year ago, was more than 1.4 million dollars compared to this year
at a little over 1.2 million dollars.
Sales of Marin condos remained quite strong and are up over seventeen percent for year over year sales. On the
other side of the coin, Marin condo prices fell over ten percent from July's numbers and over twenty percent compared to
the previous year.
As of now, many experts agree that the Marin real estate market is a bit shaky. This is mostly due to the number
of home buyers who are currently in contract and are second guessing their decisions because of the
unpredictable nature of Wall Street. Their main concern is not knowing the effect all this may have on
the future and what effect it will have on consumers and the housing market.
As far as sales in areas go, the Mill Valley real estate market is doing quite well and is in the top two for highest sales in
Marin County. Novato, mostly due to the number of foreclosures, currently has the most homes in contract and they are
still very much part of a buyers market. Belvedere is moving into a sellers market and Tibron is not far behind, but other
than Corte Madera, the rest of Marin County remains to be a buyers market. One alarming statistic is homes listed have
climbed to an average of seven days on the market up to seventy-five.
Although Marin County, as a whole, is down from the previous year, there are some areas where sales and prices are up. The median
price for a home in Belvedere is up more than eight percent from last year. Corte Madera's median price rose
over twenty-three percent, while the average price rose to an astounding seventy-two percent. Larkspur's numbers increased
on all fronts, with the median price rising almost ten percent, average price rising more than eleven percent and Larkspur
home sales rising 250 percent compared to a year ago. The median price for a home in Mill Valley rose over thirteen percent and the
average price increased a little over three percent. However, Mill Valley sales are down over thirty percent from '07's numbers.
The Real Estate Power Houses - El Paso, TX
The Real Estate Matchmaker
I would like to personally welcome you to the ActiveRain community! This community has a wonderful atmosphere and you will find lots of helpful friendly people and useful information. I often find something new and interesting when I read the new blogs.
Active Rain is an excellent networking forum with a variety of interesting characters. Expect to learn a lot and be entertained if you have an open mind. The opportunities to learn, earn and network are absolutely incredible here on Activerain.
Welcome to the RAIN I look forward to reading your blogs.
Sep 18, 2008 11:21 AM
Keller Williams - Simpsonville, SC
Welcome to Active Rain! I hope you find this site as informational and entertaining as I have!
Sep 18, 2008 12:59 PM
Keller Williams Southern Arizona - Tucson, AZ
Tucson, AZ Realtor
Ron,
Welcome! Sharing your perspective makes Active Rain what it is, an unlimited educational resource. The more you express who you are and what makes you tick the more people will know, like, and trust you. And will probably refer you. Just like anything else in life the "Giver's will Gain".
Sep 18, 2008 01:49 PM
The Tech Byte - West Chester, PA
Kim Wood ~ The Tech Byte
Welcome to ActiveRain!
If you wrote that report - it was very nice to present it in a way that wasn't just a "boring 'ole market report" style!!! Good job - and have fun here in the RAIN !
Sep 18, 2008 02:53 PM
KEIRE Realty Group - Manassas, VA
Principal Broker/Owner
Hello Ron,
Welcome to Active Rain and congrats on your first post! The opportunities to learn and network are incredible here. Best of luck to you! -Keith
Sep 18, 2008 04:15 PM
Prudential Douglas Elliman Licensed Real Estate Salesperson - Woodhaven, NY
Realtor, Brooklyn - Long Island - Queens Homes
Hi and welcome to active|rain. There are thousands of tips, tools, and tricks of the trade here. Be sure to check them out. Best of luck and see you around.
Sep 18, 2008 07:19 PM
Keller Williams Realty - Spartanburg, SC
Ron Martin Team
Good morning & welcome to Active Rain, You have joined an excellent site to receive free marketing, absorb more information from others, share ideas. Be a blogger and have fun. If you have any clients moving to the Greenville, Spartanburg, & Anderson South Carolina area we are your team. We are on all three MLS. Great blog! Keep it up. Again Welcome!!
Sep 18, 2008 09:15 PM
Keller Williams Realty - Spartanburg, SC
Keller Williams Realty, Spartanburg, SC - Spartanburg, SC
Welcome to the Active Rain community. You have chosen a great site with tons of information you can learn from. Have fun with it and hope to see more of your blogs soon! We have a team of four outstanding full time agents to assist your buyers and sellers in Spartanburg/Greenville, SC. Again, welcome to AR!!
Sep 19, 2008 12:23 AM
Keller Williams Greater Omaha - Omaha, NE
Welcome to ActiveRain!
If you would like a few tips on getting the most out of ActiveRain, please visit my blog Welcome to Active Rain. It has a few simple steps of what to do now that you have joined.
If you ever have any questions, just let me know.
Troy Trumm
Sep 19, 2008 12:37 AM
Credit Restoration Consultants - Plantation, FL
Hi Ron,
On behalf of Credit Restoration Consultants and the almost 110,000 members of Active Rain, I want to welcome you to the AR family. If you have any questions regarding credit repair, credit scores or any credit related issues including identity theft, please feel free to call or e-mail me. I hope you enjoy AR and keep on blogging.
Happy Friday
Lori Isaacson
Sep 19, 2008 01:52 AM
Prudential C Dan Joyner and Young Realtors - Spartanburg, SC
Welcome to Active Rain!! This is a great site to network and share ideas!! Have fun with it!!
Sep 19, 2008 02:43 AM
Keller Williams Realty Spartanburg, S.C. - Spartanburg, SC
Hi and welcome to Active Rain, a great site to network, share, learn and have fun.
Good luck
Sep 19, 2008 08:16 AM
Van West Realty - Greenville, SC
Co-Founder/Co-Owner
Hello, welcome to Active Rain! This seems like a wonderful environment to network as well as learn from others. I hope you enjoy yourself and participate often in the Active Rain environment!
Sep 19, 2008 12:09 PM
Van West Realty - Greenville, SC Realtor -Short Sale Expert! - Greenville, SC
Kirk Westervelt, Broker In Charge, Van West Realty - CDPE - Short Sale Agent - Home for Sale - Greenville, Simpsonvil...
Hello and welcome to Active Rain! I encourage you to learn from others, share your knowledge and experiences with all of us, enjoy yourself, and try to log in and join us in the Active Rain community as frequently as possible. I look forward to your future blogs and comments! Take care, --Kirk.
Sep 19, 2008 12:24 PM
BoardWalk Premier Realty INC - White Bear Lake, MN
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Welcome to active rain from http://www.mnlakeplace.com this site is a great site to learn from and interact with other Real Estate agents/Broker.
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Comments(17)