Hello Everyone,
The Marin City-by-City report out this week shows Fairfax is currently the hottest spot in the County, with 56 percent of listings in contract. Close behind is Greenbrae at over 42 percent. San Anselmo up again at 36 percent in contract. Corte Madera and Ross close behind at 35% and 34.7% respectively.
Novato continuing to advance and now at 24.11%, almost out of the buyers' market it has endured for some time now, and this in spite of an increase in listings from 279 last month to the current 336. Mill Valley down from its fevered peak but still a strong sellers' market with 35.14% of listings in contract. Other cities down, with Belvedere holding the anchor position at 5.88% of listings in contract. In fairness, Belvedere is a small market so this number may simply reflect the swing of a few properties. Let's watch and see what happens next month.
Single family residences doing well at over 28% in contract, an overall sellers' market. SFR's under $1million advanced slightly to 36% in contract, continuing to be the hottest Marin housing segment. The $1million to $2million price point also advanced to 26.2% in contract. Over $2million price point currently lagging and in general, a good negotiating opportunity for buyers with cash to spend. SFR Unit sales still ahead of last year, but the gap continues to narrow and now only a 3.7% difference.
Condo market continues to be challenged by sluggish unit sales with YTD units at 170 vs. 212 at the same time last year, a 19.8% difference. Prices are still leading the prior year though: Avg. list $629,383, Avg. Sold $620,878 vs. 2006 YTD Avg list $620,720, Avg. sold $616,482.
Word on the street: Active market. Lots of activity at open houses. Lots of talk about multiple offers. A lot of new open escrows. Many buyers still searching for homes.
Numbers for the last 7 days:
SFR
New Listings 101
Price Reductions 58
Contingent 66
Pending 46
Sold 53
Expired 18
Withdrawn/
Temp off Mkt. 20
Condo
New Listings 18
Price Reductions 19
Contingent 10
Pending 8
Sold 13
Expired 9
Withdrawn/
Temp off Mkt. 8
To see spreadsheets please visit my website http://www.listedbyfred.com
More next week----
Until then, best wishes to all,
Fred
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment