BY JimmyMarin - 8 May 2012

Marin Real Estate: May 8th Update

The current real estate market in the Bay Area favors sellers.

It’s a sellers’ market across the Bay Area, with buyers in April snapping up properties in all six counties, especially Marin. In Marin County, more than 48% of homes on the market had sales contracts in place at the end of April.

Also, a full 77% of the homes priced between $100,000 and $500,000 were in contract, with 58% in contract for homes priced $500,001 to $750,000, and 49% in contract for homes priced $750,001 to $1 million.

San Francisco had 40% of its homes in contract, with 1,029 homes priced between $100,000 and $1 million, and 236 priced between $1 million and $2 million. There were 97 priced between $2 million and $4 million, and 36 priced above $4 million.

Generally, a housing market favors sellers when more than 35% of homes are in contract, and a buyers’ market is indicated when less than 25% are in contract. A market is considered balanced when 25 to 35% of the homes are in contract.


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  • JimmyMarin | Pacific Union
  • Jimmy Wanninger
  • 1 Letterman Drive #300
  • San Francisco, Ca 94129
  • CA BRE# 01352287

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