About Marin County, CA

Greenbrae, CA Real Estate Market Conditions Update ~ January 2012

02-09-12

Kelley Eling (Marin County, CA Real Estate)

view my blog

Mobile: (415) 308-1182

As of February 8, 2012 42% of the available listings in Greenbrae are in escrow.

For the month of January 2012 only 2 homes sold (1 of which was a distress sale) for an average final selling price of $537,500.

The average original asking price of these homes was $665,500.

The range of final selling prices was from a low of $350,000 to a high of $725,000.

Both of these homes sold for less than their original asking prices.

It took these homes an average of 151 days to sell.

To see everything that is currently available for sale through our MLS click here.

To learn more about this area in general search more around this blog, visit my website or contact me directly.

1 Comment

Fairfax, CA Real Estate Market Conditions Update ~ January2012

02-09-12

Kelley Eling (Marin County, CA Real Estate)

view my blog

Mobile: (415) 308-1182

As of February 8, 2012 28% of available listings in Fairfax are in escrow.

For the month of January 2012 3 homes (2 of which were distress sales) sold in Fairfax for an average final selling price of $338,667.

The average original asking price of these homes was $380,967.

The range of final selling prices was from a low of $238,000 to a high of $480,000.

Of the 3 h0mes that sold 1 sold over its original asking price and the other 2 sold for less than their original asking prices.

It took these homes an average of 85 days to sell.

To see everything that is currently available for sale through our MLS click here.

To learn more about this area in general search more around this blog, visit my website or contact me directly.

1 Comment

Corte Madera, CA Real Estate Market Conditions Update ~ January 2012

02-09-12

Kelley Eling (Marin County, CA Real Estate)

view my blog

Mobile: (415) 308-1182

As of February 8, 2012 35% of available listings in Corte Madera are in escrow.

For the month of January 2012 2 homes (1 of which was a distress sale) sold in Corte Madera for an average final selling price of $538,500.

The average original asking price of these homes was $573,500.

The range of final selling prices was from a low of $290,000 to a high of $787,000.

Of the 2 homes that sold 1 sold over its original asking price and the other sold for less than its original asking price.

It took these homes an average of 111 days to sell.

To see everything that is currently available for sale through our MLS click here.

To learn more about this area in general search more around this blog, visit my website or contact me directly.

1 Comment

California Mortgage Rate Update: 02/06/12

02-06-12

Rob Spinosa, Marin Mortgage Professional

view my blog
Office: (415) 367-5959

Mobile: (415) 367-5959
Secondary: (877) 270-5959

Below are today's interest rates for RPM's loan programs. For specific pricing on your scenario, or to get pre-approved without obligation for any of these loan products below, you can:

Call 877-270-5959.
Click on the link HERE.
E-mail rspinosa@rpm-mtg.com.

To learn more about the loan process and get fast answers to some of the most common home finance questions, you can view Rob's short, educational videos on YouTube by clicking HERE.

All pricing below is at 0 points unless otherwise noted.

Conforming Loans (up to $417,000)

30-Year Fixed
Rate: 3.750%
APR: 3.774%

15-Year Fixed
Rate: 3.250%
APR: 3.284%

7/1 ARM
Rate: 2.875%
APR: 3.166%

5/1 ARM
Rate: 2.625%
APR: 2.864%

FHA Loans (96.5% Financing)

FHA 30-Year Fixed
Rate: 3.750%
APR: 4.474%

Jumbo Conforming Loans (max amounts per County limit)

30-Year Fixed
Rate: 4.125%
APR: 4.149%

15-Year Fixed
Rate: 3.375%
APR: 3.409%

5/1 ARM
Rate: 3.250%
APR: 3.447%

Traditional Jumbo Loans (above $625,500 or County limit)

30-Year Fixed
Rate: 4.625%
APR: 4.649%

15-Year Fixed
Rate: 3.875%
APR: 3.909%

10/1 ARM (I/O option avail.)
Rate: 3.875%
APR: 4.177%

5/1 ARM (I/O option avail.)
Rate: 3.000%
APR: 3.290%

Assumptions

30-day rate lock.
Debt ratio less than 45%.
Fully documented income.
FICO score of 780 or greater.
Loan-to-value of 70% or less.
Primary home, PURCHASE TRANSACTION.
Other programs available upon request, just ask!

Robert J. Spinosa

Home Loan Professional
DRE: 01297944 NMLS: 22343

591 Redwood Hwy.
Suite 1150
Mill Valley, CA 94941

877.270.5959 Toll Free
415.367.5959 Cellular
415.366.1590 eFax
rspinosa@rpm-mtg.com

3 Comments

Marin County, CA Historical Home Sales Charts: 1965 - 2011

02-03-12

Kelley Eling (Marin County, CA Real Estate)

view my blog

Mobile: (415) 308-1182

As you will see in the charts below, the 2011 average sales price for homes in Marin County is hovering around where it was in 2003-2004, or $813,155. The median sales price for the year was substantially lower at $630,000.

The number of homes selling is up for the third consecutive year at 2612 for 2011 (2455 in 2010, 2257 in 2009 and 2153 in 2008). So, the volume is about the same as 2001, which was 2676--which is before lending standards were relaxed in 2002.

If you look at the trends of the previous decades, had the trends remained more true to history then prices are now about what they would have been anyway before the "artificial spike".

In short, I'm calling this good news.