Larkspur, CA Real Estate Market Conditions Update ~ August 2009

As of September 11, 2009 only 18% of available listings in Larkspur are in escrow.

For the month of August 2009 only 6 homes sold in Larkspur, for an average final selling price of $1,256,317.

The average original asking price of these homes was $1,514,650.

The range of final selling prices was from a low of $510,000 to a high of $2,225,000.

Of the 6 homes that, 1 of which was a distress sale, only 1 sold for the original asking price and all others sold for less.

In fact, the listing that sold for $510, was originally listed for a ridiculously high price of $1,100,000. I say this is ridiculous because it was a tiny dump -- a tear down, really -- on a 6300 square foot lot. It took this property an excruciating 734 days to sell. Had it been priced right from the start (June 1, 2007) they probably could have gotten a lot more than they did. I guess that is also due in part to an out of area agent listing the property and not knowing the values here. Anyway, I digress...

It took these homes an average of 235 days to sell. This was skewed by the 734 days from the listing I mentioned above.

To see everything that is currently available on our MLS click here.

To learn more about this area visit my website or contact me directly.