The table below shows the activity for the month of April 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 Market. That statistic does not tell the whole story, as you will see. Marin County is seeing multiple offers on a daily basis, with homes selling before they even hit the market. Sonoma County, starting with the town of Sonoma and Petaluma are starting to feel the market heating up. | |||||||
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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 |
Corte Madera | 7 | 35 | $1,064,429 | $1,127,357 | 0 | 4 | 47% |
Mill Valley | 48 | 37 | $1,454,831 | $1,441,604 | 8 | 18 | 36% |
San Anselmo | 17 | 51 | $1,135,971 | $1,112,071 | 1 | 5 | 33% |
Larkspur | 7 | 16 | $1,263,143 | $1,276,429 | 3 | 3 | 32% |
Fairfax | 6 | 105 | $914,833 | $869,350 | 1 | 1 | 32% |
Greenbrae | 5 | 86 | $1,013,580 | $1,020,800 | 1 | 2 | 31% |
San Rafael | 59 | 64 | $965,313 | $942,136 | 11 | 11 | 24% |
Tiburon | 16 | 54 | $1,944,500 | $1,825,750 | 0 | 2 | 22% |
Novato | 47 | 72 | $814,672 | $788,554 | 6 | 8 | 21% |
Kentfield | 10 | 29 | $3,004,825 | $3,107,200 | 1 | 1 | 18% |
Sausalito | 12 | 89 | $1,120,833 | $1,142,000 | 1 | 6 | 18% |
Ross | 3 | 59 | $2,446,333 | $2,380,000 | 0 | 0 | 18% |
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Marin County | 249 | 59 | NA | $1,260,069 | NA | NA | 24% |
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Petaluma | 43 | 84 | $637,182 | $613,270 | 5 | 2 | 21% |
Sonoma | 31 | 125 | $816,952 | $758,161 | 2 | 3 | 18% |
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Please note that all Original Asking Prices are without any price reductions. | |||||||
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This information is current as of May 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 check back for updates by clicking here. | |||||||
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