Last week you (hopefully) read here that during the prior week there were 62 new Marin County single family listings brought on the market through MLS. That week, 30 homes closed escrow and 81 were reduced.

This week, the MLS listing numbers are … 63 new listings, 35 closed escrow and 101 homes reduced in price. Aye, activity has increased … or has it? Some wonderful homes are sitting.  I’m showing a client a home tomorrow that knocks my socks off … and showing 122 Alder, again.  The former has sat on the market, being reduced and reduced and reduced … hmmmm … and 122 Alder in San Anselmo’s Yolanda Park is amazing everyone as it has been on the market for over a week and only had ‘I may be writing an offer’ rumblings. Darn!

Let’s look at Marin County price reductions … first, the stunning home at 30 Toussin, Kentfield. This four bedroom beauty, listed by Ann Boucher of Decker Bullock, Sotheby’s International has been for sale for a looong time. (In 2004 it was listed at $9,975,000). Now available at $5,750,000, this home has had offers but you still have a chance … and since May the price has dropped by $1M! 

Of the 101 homes that have been reduced in the past week, five were in San Anselmo, two in Stinson Beach, six in Tiburon, twenty-one in San Rafael and one each in Woodacre and Corte Madera. Oh, about 208 Summit, Corte Madera … it sold for $760,000 in ’07 and has been on the market for over two years … starting at $699,000 this two bedroom contractor’s special is now being offered at $399,000. Oh, find me a contractor with money! 

Belvedere has seen three price reductions in the past week. 16 Eucalyptus, a three bedroom home listed by Max Applegarth, Decker Bullock … this home has been on the market for over a year and is now down by $200,000; 10 Lagoon, a three bedroom home … yes, on the lagoon, has been on the market for 83 days with Patricia Navone, Pacific Union – Morgan Lane (in ’09 it was offered at $2,395,000 but is now $2,019,000, after being reduced this week by $78,000); and 207 Beach, amazing 1900s classic five bedroom home offered by Janet Williamson, Frank Howard Allen, has just slipped under $3M … in ’08 it was offered at $1M more.

So that’s a bit of the numeric description of the activity we’ve seen in the past week, the week before the week before Labor Day.  More to follow … but in the interim, if you’re simply thinking of buying, hey, there’ve been some bargains that’ve slipped away … 20 Marin View, Mill Valley … went to auction. And perhaps one of the great homes that isn’t an extreme bargain might render your life marvelous … so, , go to my website www.tomverkozen.com or call (415) 637-7974 and let’s have some fun while we shop.

Posted by:  Tom Verkozen