(for access to spreadsheets, please see http://www.fredanlyan.com )
Hello Everyone,
Another relatively quiet week in Marin County. Everyone finishing up their summer vacations, getting the kids back to school, etc. Real estate has been "on hold" in a lot of people's minds. Look for increased market activity in the coming weeks.
In the 7 days ending on August 19, inventory remained steady and percentage-in- contract figures declined for both single family residences (SFR) and condo's in most price categories. Exceptions were SFR's in the $2M and up range which showed modest gains. Year-to-date unit sales, although still below this time last year, continued to narrow the gap, with SFR's going from -28% the previous week to -27.5% in the current period, and condo's improving from -27.3% to-25%.
There were 65 new SFR listings between 8/13 and 8/19, 69 price reductions, 48 properties went contingent, 28 pending, 42 sold, 10 expired, and 26 withdrawn or temporarily off the market. For condo's, the figures were 19 new listings, 23 price reductions, 16 contingent, 10 pending, 14 sold, 4 expired, and 11 withdrawn or temporarily off the market.
According to La Jolla-based DataQuick Information Services, Marin County median home prices held up 3rd best in the state, at -13.12% (compared to last July), behind only San Francisco (-4.1%) and San Luis Obispo (-11.3%). And, out of 11 Marin County towns and cities listing median price figures, 6 showed year-over-year median price appreciation. For details, see http://dqnews.com/Charts/Monthly-Charts/CA-City-Charts/ZIPCAR.aspx as well as the accompanying article on Bay Area home sales at http://dqnews.com/News/California/Bay-Area/RRBay080819.aspx
More next week------
Until then, best wishes to all,
Fred
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