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Monday, April 14, 2008

A Tale of Two Counties


While there's no denying that the real estate crisis is hurting Marin along with the rest of the country—the county's foreclosure rate doubled in the past year, for instance—there's also evidence that an unusually high percentage of listings still are selling above their asking prices. In March, for instance, 12 percent of the 134 houses and condos sold for prices higher than asking. Those listings also sold much faster—after an average of 21 days on the market—than the typical Marin listing, which was on the market for 74 days. Here's a look at those 16 sales by location:



In Corte Madera, two sales:

4 Wildflower, asking price $1,089,000, sold for $1,112,000 (102.1%)
438 Oakdale asking $850,000, sold for $885,000 (104.1%)

In Fairfax:

43 Bay , asking $939,000, sold for $950,000 (101.2%)

In Mill Valley, four sales:

171 Elinor, asking $2,368,000, sold for $2,430,000 (102.6%)
74 Nelson, asking $1,795,000, sold for $1,835,000 (102.2%)
111 Stanford, asking $1,595,000, sold for $1,600,000 (100.3%)
78 Marguerite, asking $899,000 sold for $975,000 (108.5)

In Novato, two sales:

801 Sutro, asking $470,999, sold for $480,000 (101.9%)
27 Lakeview, asking $279,000, sold for $290,000 (103.9%)

In Ross:

5 Madera, asking $2,595,000, sold for $2,800,000 (107.9%)

In San Rafael, three sales:

14 Westwood, asking $889,000, sold for $905,000 (101.8%)
106 Plymouth, asking $649,000, sold for $659,000 (101.5%)
25 Wharf, asking $336,900, sold for $342,000 (101.5%)


In Sausalito:

1 Willow, asking $889,000, sold for $890,000 (100.1%)

In Tiburon, two sales:

143 Gilmartin, asking $4,795,000, sold for $4,800,000 (100.1%)
1837 Centro West, asking $1,250,000, sold for $1,357,000 (108.6%)

COMING TOMORROW
How They Do It: An Inside Look At The Techniques One Marin Seller Used To Get Multiple Offers

2 comments:

Larry Seaman said...

This is fascinating and yet more evidence that Marin is not like the rest of the country. In fact, no one is even "bitter" here. :-)

firsttimer said...

i'd be bitter if i bid above asking and didn't get the house. i mean, in this market?