Marin County and Southern Sonoma County Real Estate Market Conditions Update for May 2008

The table below shows the sales activity for Marin County and Southern Sonoma County for the month of May 2008, sorted alphabetically by the name of the City.

City

# of homes sold

Average Days on Market

Average ORIGINAL Asking Price

Average FINAL Selling Price

# Sold AT Original Asking Price

# Sold OVER Original Asking Price

% of Available Listings in Escrow

Corte Madera

11

60

$1,411,636

$1,354.864

1

3

24%

Fairfax

6

75

$864,333

$814,417

-

1

14%

Greenbrae

5

45

$1,155,150

$1,161,000

1

2

19%

Kentfield

4

18

$2,947,500

$2,932,500

-

1

31%

Larkspur

6

62

$1,631,483

$1,541,667

-

-

13%

Mill Valley

30

79

$1,724,177

$1,588,567

2

7

25%

Novato

34

105

$798,264

$715,276

4

-

25%

Ross

5

25

$4,006,000

$4,003,000

-

2

19%

San Anselmo

10

47

$1,628,100

$1,565,350

1

3

20%

San Rafael

52

66

$839,542

$798,318

11

8

22%

Sausalito

12

81

$1,379,250

$1,298,167

-

1

20%

Tiburon

14

59

$1,534,714

$1,500,199

1

3

10%

Marin County

200

76

NA

$1,287,204

NA

NA

21%

Petaluma

34

106

$665,711

$608,176

2

5

33%

Sonoma

36

120

$965,322

$890,716

2

5

15%

Please note that all Original Asking Prices are without any price reductions.

This information is current as of June 7, 2008 and the sources are BAREIS and CleanOffer.

For more information about this area visit my website or feel free to contact me directly. You'll be glad you did.