The Anlyan Report

Marin County real estate figures for the last two weeks showed that the housing inventory for both single family residences/houses, and condos declining slightly for the period, but basically stable. Homes sold remain ahead of last year at this time, but partially on the strength of the first part of the year when buyers were racing to beat the Federal Tax Credit deadline. In recent weeks we’ve seen the gains of the earlier part of they year erode steadily as units sales failed to keep up with the pace of the same period last year. In the two weeks that ended on August 17, 2010 house sales slipped from being up 30.4% for the year to only 26.9%. Condo sales remained relatively strong with a 7.1% gain.

San Diego based Data Quick reported in an August 19^th article that in "July sales in higher end neighborhoods represented a greater portion of overall transactions than a year ago. Last month 39.8% of the sales were $500,000 or more, roughly even 40.1% in June, but up from 36.7% last year."

In addition, a table in this article showed Marin County’s July housing sales down only 15.5% from a year ago with median price up 10%, holding up better than most other areas in the region.

Fred Anylan is a real estate broker with Coldwell Banker in Greenbrae, California

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