Based on reported sales in multiple listing, the MLS, in the past twelve months there have been a total of 149 homes and condos sold in San Anselmo. Of these homes two dozen were short sales and twelve were either in foreclosure or bank owned properties (REOs) … which isn’t too bad, compared to say, Novato, Fresno or Merced. The market is holding its own here.

There are currently 70 homes and condos fully available (average price per square foot $495, days on market, 83). The least expensive is a 476 square foot, one bedroom condo … 1533 Sir Francis Drake … offered at $167,999 … the most expensive is the six bedroom beauty at 545 Oak (which has been discussed in prior blogs) … reduced nearly $2.5M from $6,488,000 to $3,999,000 (282 days on the market, $775 per square foot).

In escrow there are 21 homes (average $462 per square foot), including the listing of John Ball of Coldwell Banker … 123 Saunders, back in escrow a second time with buyers who need to sell to buy … and of these 21, four are simply awaiting moving vans … eg, no contingency contracts.

As stated earlier, in the past year there have been 149 sales in San Anselmo … an eight month supply of homes …. average price per square foot, $445 … average price, $850,166 and 90 days on the market … With 90 homes on MLS, 20 pending sales represents better than 20% … which is a solid mid-summer market.

Posted by:  Tom Verkozen