Hello Everyone,
City-by-City Report out this week (see http://www.fredanlyan.com) shows lots of changes. Generally speaking, the trend is up, even with a total of 111 new listings over the previous 7 day period. Fairfax making the strongest showing, going from "buyers" at 23.5% in contract to "strong sellers" at 40% in contract over the course of the last month. Only a small number of properties involved though, so the swing is a bit exaggerated. Still, positive news. Exceptions to the upward trend are Greenbrae, Ross, and San Anselmo. Again, the number of properties that caused this shift are relatively small, so I look for more motion towards a conforming upward trend as time goes on. Sellers in these areas should be aware of the current trend. Pricing should be competitive and carefully derived from current and recent market data. Novato and San Rafael continue to advance very respectably. These markets seem to be recovering nicely from recent sluggishness.
SFR market in general continues to outperform the Condo market. SFR market down in YTD units sold about 35% from same time last year, but Avg list price at $1,470,778 up from 07's $1,369,588 and avg. sold $1,399,410 surpassing last year's $1,324,755 by a respectable margin. DOM for YTD sold properties currently at 97 vs. last year's 95.
Condominiums YTD DOM at 91 vs 88 at the same time last year and Avg list and sold below 07's numbers. Unit sales off about 50%. Still, with 62 units currently in contract out of a total of 324 , the market is active. Modest decreases in pecentage in contract this week largely due to influx of new listings. The nice weather is enticing more buyers and sellers. Let's wait to see what unfolds in the next week-----
Until then, best wishes to all,
Fred
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment