The Anlyan Report. Marin County Real Estate Statistics 5.9.2009

for access to spreadsheets please see http://www.fredanlyan.com

Hello Everyone,

Whew, Feel the Heat!
City-by-City Report shows Novato at 43% in contract for single family residences (SFR) and condo's currently listed on MLS. Greenbrae follows at 35.14%, and San Rafael just a nose behind at 34.8%. Corte Madera also doing well at 30.48% in contract. Kentfield and Belvedere almost tied for last place with 7.89% and 8.93% (respectively) of listed homes in contract as of May 4.

County-wide, there are 1203 SFR's listed on MLS as of May 6, with 297, or 24.69% in contract, tantalizingly close to a "balanced" market. The under-$1million range hot at 37.58% in contract while upper-end homes still feeling the chill of restricted availability of "jumbo" mortgage money. Still time to get a piece of this cake before the heat melts the frosting---a golden opportunity that most likely will not last! $1-2million range at 13.7%, $2-3 million range at 10.74% and $3million and above at only 4.33% in contract! Average list price of SFR's sold YTD $1,017,204. Average sold price $960,035. Average Days on Market 112. YTD units sold 356, or 21% fewer than this time last year. Compares favorably with -25% at last report.

Condo's overall at 34.59% in contract, just short of a point higher than last month, but according to NRT Market Quest, accepted offers on condo's running at 107% of new listings in the month of April. Condo's that are selling are largely lower-end, with an average (YTD) list price of $350,127 and an average sold price of $338,037. Average days on market are 110. As of May 6, 138 condo's had sold YTD vs. 118 at the same time last year-- still ahead by 14% but losing a bit of steam compared to last month's +17.39%.

Dow Jones still volatile but trending up. Closed out the week on May 8 above 8500 and with a 164 point gain. People feeling hopeful again. So when the flow of jumbo mortgage money is turned back on, and it will---- bets are that the upper end will turn around.
More next time-----
Until then, Happy Mothers' Day and best wishes to all,
Fred