Sales results for Marin as of 10-15-07 per BAREIS multiple listing data is as follows:

Prices have not really declined here in Marin. What has declined is the number of sales as well as the percentage of homes under contract. As you can see from the numbers the average sales price has increased over the prior month as well as the prior year. The strongest segment of the market is the “luxury Market” those homes over $2 million. Buyers are still making offers on good properties.

The following table as of October 15 gives you the details:

The percentage pending is the percentage of those homes that are in contract with a buyer where all contingencies have been removed. Therefore, there is a high probablity that the house will close escrow and the sale will be consummated. When the percent pending reached 20% to 25% we have a balanced market bewteen buyers and sellers. As you can see not many communities are balanced. We have many more cities that are in a buyers market.