Larkspur, CA

As of June 7, 2008 13% of available listings in Larkspur are in escrow.

For the month of May 2008 six homes sold in Larkspur for an average final selling price of $1,541,667.

The average original asking price of these homes was $1,631,483.

The range in these final selling prices was a low of $730,000 to a high of $2,190,000.

It took these homes an average of 62 days to sell.

Of the six homes that sold all sold for less than their original asking price.

For more information about this area visit my website or feel free to contact me directly.

As of May 10, 2008 15% of available listings are in escrow.

For the month of April 2008 only 5 homes sold in Larkspur for an average final selling price of $1,501,916.

The average original asking price of these homes was $1,592,780.

It took these homes an average of 51 days to sell.

Of the 5 homes that sold, 2 sold over their original asking price and the others sold for less.

If you would like to know more about this area visit my website, or feel free to contact me directly.

Historically, California Real Estate Has Been a

Strong, Long-Term Investment

Okay, so the word is out: It's not a great time for flipping houses. While just two years ago it made great TV and even better headlines as many homeowners realized a lot of money on the sale of their property, the market has certainly changed and people looking to make a fast, quick buck in real estate may have to look harder, longer and closer at their choices. But for people who view real estate as the foundation for a long range financial plan, there may be no time like the present to buy.

Just the Facts

While year-to-year fluctuations are normal, historically real estate has remained one of the best performing and consistent long-term investments. Real estate, like all investments, is cyclical in nature; markets go up and markets fall. But if you look at real estate - especially in California - as a long-term investment, you should consider the following:

National Figures

• According to the National Association of Realtors, median existing U.S. home sales prices have increased on average 6.5% each year from 1972 through 2005 and 88.5% over the last 10 years.

California

• Looking at the last 37 years of real estate in California, we have seen very few times in which real estate values have dropped.

• According to the California Association of Realtors, since 1970, the real estate market in California has only dropped seven times, six times under 3.7% and only once at 4.5%

• In 1970, the median cost of a single family home in California was $26,000

• Today, 37 years later, California homes have seen a 2,165% increase as the median cost of a home is now $588,970.

Locally

• According to the California Association of Realtors, in 1990 the median price of a single family home in Marin County was $346,153

• Today, just 17 years later, that same single family home is selling for $1,064,285 - a 207% increase.

The Bottom Line

The current housing market offers a unique window of opportunity for confident buyers. The exciting news is that for the first time in quite a while, the stars are in alignment for consumers: mortgage rates remain low (certainly by historical standards) and there is a large selection of homes to choose from. There may be no time like the present to buy.

I am providing you with this information so that you can make an informed decision about the current market. In the last 15 years we've seen very few opportunities in which buyers can prevail and now truly is the time. If you'd like to discuss your opportunities in relation to the current real estate market, please contact me today.

Victoria Wells

Broker, EcoBroker, SRES, e-Pro

M. Properties Global Network, Inc.

Larkspur, CA 94939

415-710-4090

vawells@comcast.net

http://www.marinbesthomes.com/

http://www.mpgni.com/

Bringing the World to your door.

"Connecting People with local, national and global real estate opportunities."

As of April 5, 2008 only 20% of available listings in Larkspur, CA are in escrow.

For the month of March 2008 only 4 homes sold in Larkspur, at an average final selling price of $1,330,906.

The average original asking price of these homes was $1,400,750.

It took these homes an average of 71 days to sell.

Of the 4 homes that sold, all sold for less than their original asking price.

For more information about this area, visit my website, or feel free to contact me directly.