Marin County Real Estate July 15th through July 22, 2008
Check out the numbers ... from July 15th thru to July 31st there were 92 new listings of single family residences. 90 listings went into contract, 104 Sold, and 70 listings were withdrawn from the market . As of July 31, 2008
Condominiums had an good week too. Continuing their recent popularity, 19 units sold during this period, while only 18 were listed. 40 listings went under contract.. Market inventory was reduced from 401 to 391 units.
The price of gas began to drop, the weather warmed up, and suddenly people felt a bit better, while the stock market struggled to get back into profitable territory, showing renewed signs of life in spite of many challenges and continued adverse economic news. DataQuick, the La Jolla based source of real estate statistics continued its string of pessimistic reports while allowing that San Francisco and Marin Counties were better off than most other Bay Area markets.
So, what’s happening in Marin County Real Estate? Lots of activity here with buyers getting tremendous value, especially in Novato and San Rafael, and particularly in Condominiums which languished for too long and are now enjoying renewed popularity courtesy of their relative affordability--- a great opportunity for first-time buyers or downsizing sellers. Let's see what happens next! Our market typically enjoys increased activity in the fall. Buyers who have been waiting may recognize the opportunity they have been waiting for is here now. Experienced local real estate professionals can help mine the gold in this market - they know values, and are an important resource for buyers and sellers alike.

(Special thanks to Fred Anaylan for some of the information for this post)




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