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.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Go Social

Stay On Top Of The Market

You'll get an email about once a month, we'll never share your info.

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


DISCLAIMER:
©2014 Bay Area Real Estate Information Services. All rights reserved. Information Deemed Reliable, but Not Guaranteed. ©2014 Tahoe Sierra Multiple Listing Service. All rights reserved. The data relating to real estate for sale on this web site comes from the Broker Reciprocity Program of the Tahoe Sierra Multiple Listing Service. Real estate listings held by brokerage firms other than Pacific Union International/Chritstie's International Realty are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Data services provided by IDX Broker Platinum


2008 - 2014 JIMMYMARIN · ALL RIGHTS RESERVED · LOGIN · PRIVACY · SITE MAP · IDX SITEMAP
`