Marin Luxury Homes (October 2008)
October 20, 2008
Nationwide, a chill has fallen on the luxury market as the financial debacle unfolds. Historically, many of the luxury homes and ultra-luxury homes sold in Marin County went to buyers who earned their livings in the financial sector. It appears that those buyers have stepped back from the market for the time being. Meanwhile, the number of such homes has increased, placing pressure on pricing. Indeed, even portfolio buyers have taken a wait and see approach…. Mill Valley again experienced the most luxury home sales (with 6).
[ ... click here for the complete report courtesy of NorthBayRE.com].
Marin Luxury Homes (September 2008)
September 14, 2008
The number of homes for sale in the $2 million to $4 million luxury home market in Marin County, California rose over the past month to 109, compared to 106 homes in August 2008. The slight rise in inventory coincided with a respectable month of sales with 16 homes sold in August 2008 (down by 4 from July).
Mill Valley and Ross experienced the most luxury home sales (with 4 of these homes selling in each). Belvedere, Tiburon and Corte Madera each had 2 homes sold and Kentfield and Sausalito had 1 sale each. The average days on market for homes that sold was a mere 95 days (25 days more than in July) and the average sales price was $2.927 million (roughly $875/per sq. ft.), with an average of 3,503 square feet. Belvedere and Tiburon seem to be hot as they each have 6 homes in escrow.
Marin Luxury Homes (August 2008)
August 15, 2008
The number of homes for sale in the $2 million to $4 million luxury home market in Marin County, California fell over the past to 106, compared to 122 homes in July 2008. This time of year is the typical slow season as sellers recalculate their positions, buyers are out of the County on vacations, etc., and a number of agents doze off, waiting for things to pick back up in the Autumn. Indeed, the lower inventory was accompanied by a respectable month of sales with 20 homes sold in July 2008.
Mill Valley led the way with the most luxury home sales (4 of these homes sold). Tiburon and Larkspur followed with 3 homes sold and Kentfield and San Rafael had 2 sales each. Ross, San Anselmo, and Corte Madera had 1 sale each. The average days on market for homes that sold was a mere 70 days (14 days more than in June) and the average sales price was $2.576 million (roughly $907/per sq. ft.), with an average of 3,083 square feet.
The inventory level in Marin County’s ultra-luxury market (homes priced in the $4 million and up range) also fell–we now have just 46 active listings, compared with 54 last month
[ ... click here for the complete report courtesy of NorthBayRE.com].
Marin Luxury Homes (July 2008)
July 15, 2008
The number of homes for sale in the $2 million to $4 million luxury home market in Marin County, California dipped slightly this month with 121 active listings, compared to 127 homes in June 2008. This reduction in inventory was accompanied by another solid month of sales–26 homes sold (one more than in May 2008). As noted last month, and this bears repeating, while the number of homes sold in the non-luxury market this year compared to last year is down by about 25%-30% (depending on where you look), the luxury market has NOT experienced a similar decline. This is great news for owners of luxury homes in Marin!
Mill Valley and Kentfield led the way with the most luxury home sales (each with 5 homes sold). Belvedere, Larkspur, and San Rafael had 3 sales each. Ross, San Anselmo, and Sausalito had 1 sale. The average days on market for homes that sold was a mere 59 days (8 days less than last month) and the average sales price was just under $2.5 million (roughly $772/per sq. ft.), with an average of 3,353 square feet.
The inventory level in Marin County’s ultra-luxury market (homes priced in the $4 million and up range) rose to 54 active listings, compared with 46 last month. Tiburon, as usual, boasts the largest number of such homes with 19.
[ ... click here for the complete report courtesy of NorthBayRE.com].
Marin Luxury Homes (June 2008)
June 15, 2008
Marin County’s $2 million to $4 million luxury home market saw a slight rise in the number of homes for sale this past month with 127 active listings, compared to 124 homes last month. This mild rise in inventory was accompanied by a strong month of sales–25 homes sold (the same number of luxury homes closed in April 2008). Worth noting here is the fact that although the number of non-luxury homes sold this year compared to last year is down significantly (e.g., about 20%), the luxury market has NOT experienced a similar decline. Great news for owners of luxury homes in Marin.
Mill Valley accounted for the greatest number of luxury home sales with 6. Sausalito, Tiburon, Kentfield, and Ross had 3 sales each, Belvedere and Larkspur had 2, and Corte Madera, Greenbrae, and San Anselmo had a 1 sale each. The average days on market for homes that sold was a mere 67 days and the average sales price was just over $2.8 million (roughly $821/per sq. ft.), with an average of 3,461 square feet.
The inventory level in Marin County’s ultra-luxury market (homes priced in the $4 million and up range) also rose–to 46 active listings, compared with 44 last month.
[ ... click here for the complete report courtesy of NorthBayRE.com].
