June 12, 2007

Marin County Home Sales

Are Marin County sales heating up again? Sales figures looked strong this week, though price reductions were and still are numerous. Belvedere/Tiberon, the area that traditionally holds the highest price title, came in with the second highest priced Marin County sale when a house in Corte Madera sold at a whopping $3,600,000. The lowest price unsold home in the county is a 100-year-old one-bedroom fixer in San Rafael for $469,000. That’s $56,000 under the second lowest price home, yet it is still unsold. Fiercely loyal to their hometowns, I predict that the typically affluent Marin County home buyer will wake up this summer with a gnawing in the pit of their stomachs, fearing that the feeding frenzy of summer’s past could repeat while they sleep. Many with families will be making their moves this summer, understanding that it might be now or never for those good deals that everyone’s been buzzing on and on about. For those who swear they will never leave Marin, those 90 days on the market markdowns will be tempting. Current unsold inventory in Marin County: 1236

Highest price sold: 5 Verona Place, Corte Madera (single family home) $3,600,000

Lowest price sold: 84 Madrone Ave., San Anselmo (condo) $370,000

Currently unsold lowest price single family home: $469,000
20 Roberts Ave. San Rafael, 1 bedroom, 1 bath 844 sq ft
Agent’s Remarks: Price Reduced!! Lowest Priced Single Family Home in Marin by $56,000! Fixer with a Future!!! Some Water & Hill Views. 1905 Picnic Valley Vintage Cottage. Two attic rooms on upper level. Centrally located and close to shopping and public transportation. Parking space in front may not be full legal width. This funky fixer beats the heck out of paying condo dues!! Vince Sheehan Real Estate


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