Marin County Real Estate Market Trends

The number of sales for Single Family Homes in Marin County fell 39% from the month before. Year to date, home sales are down 2.2%. As we near the Holidays, sales are expected to continue to slow, which is fairly typical this time of the year. Condo sales were down 52.2% from August. Year to date sales are off 17.1%.

Prices have not really declined here in Marin County. What has declined is the number of sales as well as the number of homes under contract. The strongest segment of the market is the "luxury market"/those homes over $2 million. Buyers are still making offers on desiresable properties.

The loan panic seems to have quieted down a bit. Large surviving lenders like Countrywide are making adjustments to loan terms in order to keep existing borrowers out of default. Mortgage money is available again, albeit with more oversight and stricter qualification guidelines.
Novato and San Rafael continue to be more challenging markets than other parts of Marin County, and also represent buyer opportunities. Further north in Sonoma, even more significant buyer opportunities exist in very good neighborhoods.

The Table Below is current as of October 15, 2007

Area	Listed	Pending	Pending/ Listed Ratio	Active Listings
Marin County	1256	206	16%	1050
Belvedere	21	3	14%	18
Corte Madera	28	6	21%	22
Fairfax	26	6	23%	20
Greenbrae	33	6	18%	27

Kentfield	32	5	16%	26
Larkspur	32	6	19%	95
Mill Valley	122	27	22%	95
Novato	370	43	12%	327
Ross	21	6	29%	15
San Anselmo	52	13	25%	39

San Rafael	283	47	17%	236
Sausalito	56	11	20%	45
Tiburon	85	17	20%	68
Other	86	9	10%	77

Marin County Sales Statistics