Today it was reported that nationally real estate sales dropped 27% from June to July … and with that news the stock market is struggling … the Dow dropping another 134 points today (but it is still over 10,000) … so, about my listing in Yolanda Park (I’ll try not to overdo it and bore you with this one … it is getting lots of showings … but we’ve been on the market since Thursday and no offers, yet ) …

here’s the view from the front porch … note the absence of telephone poles … yes, this street has sky (I know how much I enjoyed walking around the court at night, in the middle of the street, with neighbors …) 

so, you ask, how is San Anselmo doing in today’s heat wave (we asked for sun, didn’t we?) …

There’s a new listing that competes with the Yolanda Park listing at 122 Alder … in an earlier blog I mentioned Abby Tanem having a home coming soon … it arrived .. 65 San Rafael Avenue, a three bedroom, two bath, 1462 square foot home right in the downtown area for $775,000 … and I’m also off to help price a couple of new listings this afternoon … so we know homes are coming on the market. How about sales, you ask?

There are 94 homes on the market in San Anselmo … 25 of those in escrow (hey, that’s a healthy percentage) … seven simply awaiting moving vans (assuming the banks cooperate and fund loans they said they’d fund) … average market time … 102 days, which says things are slowing (as we expect in the dog days of summer).

On top of that, I just received my Zillow analysis … values are up 1.4% compared to June. Hmmmm.

The least expensive real estate in San Anselmo are condos, one on Ross Avenue for 209,000 and another one bedroom for 299, this one at Madrone and Center. 

Small comparison … the neighboring town of Ross has 25 homes on the market … two of the four in escrow sold in three weeks … two awaiting moving vans … average days on market a whopping 148. One of the homes that bends the statistics is 2 De Witt Drive, directly off of Lagunitas … offered by Sairan Stanley of Coldwell Banker for $22,750,000, this six bedroom ‘luxurious Italian palazzo’ is on nearly two acres …. and a lot of other WOW! features … who do you know? …. I’d love to show it …. is offered at $2966 per square foot … quality counts! (the average price per square foot of homes that’ve sold in Ross is less than 1/3 of that amount … in fact, I just helped price a home in Ross at closer to 1/6 of the De Witt price … a 1400 square foot fixer … so we’re not talking apples and apples …. even as the Gray’s old home gets its renovations).

Another Ross real estate bit: 33 Winship, which many of us saw years ago when it was listed for $2.2M sold recently … and will close, it looks like, for something under $1M.

What does this activity mean? Look at the two charts ….

In June, in San Anselmo, one home in three closed escrow. In July the figure was around one in seven. Since we sold 82 San Anselmo homes in the last six months we have something around a seven month supply of homes … compare that to the sales in Ross, the second chart or, better yet, to complete the circle … the national average which is over a year’s worth of inventory. Yes, we’re better off than much of the nation. Not, selling is a totally non-joyous situation … even if we’re only 4 or 5 days into the marketing … so neither my sellers nor I will smile much until I call and say, “We’ve got an offer!” May it be soon …. how about you?


Posted by:  Tom Verkozen