Sausalito, CA

Twelve properties closed escrow in Sausalito, CA in August according to Bareis.

Of the nine residences sold, 5 were condominiums averaging $683,000 and $411/sf. Four were single-family residences averaging $1,195,000 and $526/sf. Two floating homes closed averaging $940,000 and $619/sf and one multi-family (2-units) residence at $1,285,000, $513/sf.

For closing information on any of these Sausalito, CA properties, please call me at 415.450.8855.

Sausalito real estate has had a tough year -average prices are down -34%. The only bright spot is the pace of condo sales, albeit at bargain levels.

Year 2000 Census: The Census pegged the population of Sausalito at 7,330 with 4,533 total housing units-55% of which are condos-with 1.6 people per house, and a mean income of $124,000. Mean income data can tell us a lot about home prices. Are the implied average home prices in line with both Fair Value estimates, current average prices or historical prices? For instance:

• ▶ Estimated average 2009 household income for Sausalito is $167,000
• ▶ Sausalito residents can support average prices around $1.2m
• ▶ Fair value estimate for average Sausalito SFR home prices is $1.5
• ▶ '04-'09 historical prices for average Sausalito SFY is $1.55m
• ▶ Current prices are hovering -42% below, at around $821.5k

The lack of high-end SFR sales, combined with a plethora of discounted condo sales is skewing average prices very low. The pool of home buyers flooding into the lower end of Mill Valley CA Real Estate, Homes in Tiburon CA and NOT Sausalito (nor central Marin) implies home buyers are looking for decent public schools within close proximity to San Francisco.

2009 YEar to date Sausalito SFR Home Sales above $850:

Bear in mind that the averagews above (and below) are only for these sales-- they do not represent average SFR home prices in Sausalito as I didn't include any sales below $850k that weren't condo sales .

2009 Sausalito Condo Sales:

Posted by David DuPont 415-867-6611

As of August 13, 2009 only 19% of available listings in Sausalito are in escrow.

For the month of July 2009 only 11 homes sold in Sausalito for an average final selling price of $685,818.

The average original asking price of these homes was $746,064.

The range of final selling prices was from a low of $150,000 to a high of $1,525,000.

Of the 11 homes that sold, 1 sold over the original asking price and all others sold for less.

It took these homes an average of 121 days to sell.

To search our MLS and see everything that is currently available for sale, click here.

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

June and July of 2009 have been big months for Mark Cooper and his commercial real estate team in Sausalito. Leasing activity has really picked up, rates have dropped to $2 to $3 per square foot with lots of inventory on the market.

Mark Cooper specializes in Office, Industrial and Retail leasing in Sausalito and Mill Valley. Most leases are for five years, that means the 20% of all leases come due every year. Mark Cooper would be glad to come to your Marin County office, review your lease, and discuss your options and no cost. Mark's in depth leasing questionnaire will help determine what works and what doesn't with your current space. There has never been a better time to be in the market for Sausalito Office space.

Contact Mark Cooper with Kw Commercial at 415-608-1036 or email markcooper@kw.com

As of July 8, 2009 only 13% of available listings in Sausalito are in escrow. (Now here's a place, if you go downtown, you would never know there has been a slow down in the economy - it's jam packed!)

For the month of June 2009 only 4 homes sold in Sausalito for an average final selling price of $734,250.

The average original asking price of these homes was $843,000.

The range of final selling prices was from a low of $430,000 to a high of $1,065,000.

All homes sold for less than their original asking price. (2 of the sales were distress sales.)

It took these homes an average of 265 days to sell.

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

To learn more about this area, including all the fun things to do around here, visit my website or contact me directly.