Update from our Founder Ron Parks

Marin Update:

The market in Marin is healthy one which is much different than the rest of the country. Interest rate increases have eased. Mortgage rates have declined after a twelve week run upwards. The impact in the market can been seen in longer days on market for most homes but home prices are still moving up and the number of transactions is holding steady as buyers continue to buy and sellers trade up. Some sellers are leaving the county but it is a small number.

There are approximately 700 homes and condo's available on the market. A low inventory to choose from for our population of 250,000 and those wanting to move to the area. This is one of the reasons prices move up slowly and steadily here. Limited supply and a strong demand.

June through August are slower months for transactions here. People are on the move changing homes, vacations and enjoying the summer. Buyers are generally educated and focused as they need to write those offers, close escrow and unpack, all before school starts in mid-August.

Sonoma Update:

Sonoma County home sales rebounded in March, rising 40.5% from the record low set in February. Year-over-year, home sales were off 22.5%.

The median price for single-family homes in Sonoma County gained 1.2% from February, off 3% year-over-year. This is the ninth straight month the median price has been lower than the year before. From the peak of $618,450, reached in August 2005, the median price is down 10%. The average price gained 3.4% month-over-month, down 2.2% from the year before.

The median price for condos fell 5.8%, month-over-month, to $330,000, a year-over-year loss of 11.9%. The median price for condos is now down 16.2% from the peak of $394,000 reached in October 2005.

Condo sales rose 16% from February, down 23.7% year-over-year.

The time it takes from when a home is listed for sale to when it is put under contract rose seven days to 123. The average days on market for condos gained 11 days to 126 days.

The sales price to list price ratio for single-family home rose 0.2 of a point to 97.5%. The condo ratio was flat at 98.6%.

Marin County Stats:

The median price in Marin crossed the $1,050,000 mark. This is due to higher priced home sales ( $2-$3 Million ) pushing the median higher. Homes in the $1-$1.5 Million are still slow based upon higher interst rates for buyers. The Marin Independent Journal said that Buyers are buying, hoping to lock in a price today and avoid tomorrow's appreciation. I am not sure I totally agree with the Marin IJ but there are buyers making good offers for good properties.

The real estate market is very hard to generalize. It is a market made up of many micro markets. For complete information on a particular neighborhood or for an evaluation of your home's worth, call me.

Read Our Marin County Home Report.

Quarterly Apartment Report

For Marin and Sonoma Click Here to read.

Real Estate for Sale in Marin?

Marin County real estate contains some of the most desirable homes in the country. If you are looking for a home in Marin County, this is the place to start.

The Schools of Marin

Marin County residents know the value of a good education and they volunteer their time and raise considerable supplemental funds to assure the excellence of the public schools. How do Marin County schools compare with the rest of California? Latest scores and more. And remember, at West Bay, we have the homes that go with the schools.

Recent Marin Home Sales

This section lists Marin County homes that have recently sold. If you would like to know what your home is worth, we will provide a market analysis for you. Just fill out this form.

The Towns of Marin

Each town in Marin County has its own unique character. You will find a short profile of each plus economic and demographic statistics.