A sales comparison of the past six months with the same six months last year, based on MLS statistics for single family homes demonstrates that the market in Marin is on the upswing. In fact, the market could easily be said to be moving toward a state of joyous recovery! As the former Marin Independent Journal real estate columnist (every Saturday for 12 years!) here’s a snapshot that I believe the IJ would’ve danced for joy to be able to present.

The Big Picture
County wide, as of today, there 843 active listings … almost exactly a six months supply with 854 homes having closed escrow in the last six months. The 854 sales are a healthy increase over the same six months last year when 507 homes closed escrow.

In the Heart of Marin…
Observe the core cities of Larkspur, Kentfield and Ross: Last year’s 29 sales have more than doubled to 68 sales. Right now there are 66 homes available for sale. The 68 sales in six months equates to a six month supply. Now look at Mill Valley where last year’s six month 67 sales has popped to 128 this year. There are, amazingly, 124 homes available, again a six month supply. This symmetry is a fun observation, but I’d prefer that you contact me tverkozen@fhallen.com for a way to use the information.

Outside of the core, two other views are useful: the top of end and the way out west homes.

In UPscale Belvedere and Tiburon sales are UP.
The number of sales in six months jumped from 34 sales last year to 50 sales this year. The available inventory of 88 homes is a nine to ten month supply.

Out West
In Tomales, Woodacre, Muir Beach, Stinson Beach, Forest Knolls, Inverness, Marshall, Bolinas, Nicassio, Dog Town, Jewell, etc. six month sales have nearly doubled, from 17 same time last year to 30 this past six months. (The outlying inventory is slower to recover momentum and there are 70 homes available, a supply of over two years inventory).

Real Estate Sales are gaining MO’mentum.
A state of balance and equilibrium is arriving and even the segments that aren’t yet performing outrageously well are far healthier than they were a year ago.

Thus I say, ‘No Complaints Allowed’ … beware of the mass of HAFA inspired short sales that are headed this way as adjustable mortgages reset … and contact me with your observations and needs!


Posted by:Tom Verkozen