If you’re a seller be patient, price your house agressively and hire an experienced real estate professional . The number of units sold to date ( to October 20, 2007 ) as compared to last year has declined by almost 9.7%. The number of units for single family homes has declined 6.2% but condominium sales have declined 21%. The interesting news is that the average sales price has maintined its base from the prior year and in some cases has increased. There appears to be a flight to safety in Marin where the communities with close commutes to the city and high Marin test scores are keeping prices high.

Below are the average prices for single family homes in some marin markets as of October 15, 2007:

The market has some similarities to the market of the early 1990’s when rates were high– except now rates are still historically low. Buyers are sitting it out now until they feel a pressing need to pull the trigger and buy that house. Pricing remains the key with some towns and neighborhoods still remaining active with multiple offers. You are always free to call me for advise at 415-297-9000.