Hello Everyone,
(for access to spreadsheets, please see http://www.fredanlyan.com )
Monthly City-by-City Report out this week shows a number of changes. Keep in mind that many of these towns and cities represent small markets, so a few new listings or a few extra homes sold can cause swings that don't necessarily represent the direction of the market. Items of note: Greenbrae, last month a (very)strong buyers' market with 0 of 18 properties in contract now buyers' with 5 of 26 properties, or 19.2% in contract. Kentfield, moved from strong sellers' with 38% in contract (12 of 31) to buyers' at 17.65% (6 of 34), and Ross, which was a strong buyers' market at 8.33% (1 of 12) now a balanced market with 5 of 20 properties in contract, or 25%. San Rafael, continuing its improvement, moved up again from 21.5% in contract to 22.49%---still a buyers' market, but not by much. This in spite of 63 additional listings since the last report. Buyers looking at San Rafael still in a good position, but probably will not benefit from further waiting if "sitting on the fence". Novato, with 37 more listings than the last report, took a slight pause from its recent gains, but percentage in contract, currently 19.7%, lost only about 3/4 of a point. Corte Madera, a perennial favorite, enjoyed a tremendous rebound, moving from buyers' at 24% in contract to sellers' at 32.6% in contract--- this in spite of a large increase in listings (from 29 to 49).
Condominium and Single Family Residence Inventory both up again. Levels marginally higher than this time the last couple of years, but YTD unit sales improved again last week to -36%Condo and -35.5% SFR (compared to this time in 2007).
Office activity brisk, with lots of new open files, and many closing too! Much talk among agents of quick sales and multiple offers, which are back again, but still not the rule by any means. Many indicators point to an active and improving spring market.
More next week.
Until then, best wishes to all,
Fred
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