"They" call this a recession... who are "they" ??

EQUITY ZONES of Northern California

MARIN STATISTICS

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Marin County Real Estate Statistics

Sales and prices are incresing as we move into Summer 2003.  Sales are off their all-time highs of 2002, but are quickly closing the gap.  In April, prices were only 13% below the record April of 2002. Homes under $1 million are selling readily, with nearly half of the 856 available units under contract. Between $1 2 million activity has improved to a balanced market as about 20% of the 361 available homes are in escrow.  Prices are also down year-over-year.  Over $2 million are still weak, and very much a buyers market with lots of inventory but less than 10% of the homes pending.  This report is very broad.  If you have any questions about the value of your home, or proeprties in a specific town or price range, call me anytime.

  Median
Price
Average
Price
Units
Sold
Median
% Change
Average
% Change
Sold
% Change
2003 Jan $656,500 $835,992 123 4.55% 3.89% -13.38%
  Feb $725,000 $852,137 94 16.00% 16.92% -31.88%
  Mar $701,000 $882,413 175 0.43% -1.46% -21.17%
  Apr $725,000 $935,285 233 -3.65% -1.61% -13.06%
  Median
Price
Average
Price
Units
Sold
Median
% Change
Average
% Change
Sold
% Change
2002 Jan $627,000 $804,705 142 1.13% -8.87% 22.40%
  Feb $615,000 $722,869 136 -5.67% -21.97% 12.40%
  Mar $693,000 $891,805 221 2.67% 6.50% 22.10%
  Apr $750,000 $948,652 267 4.46% -3.00% 54.34%
  May $728,000 $941,270 293 15.92% 20.24% 66.48%
  Jun $721,000 $940,224 243 11.01% 12.71% 10.45%
  Jul $741,013 $924,423 242 8.97% 5.69% 5.68%
  Aug $725,000 $909,528 224 8.37% -0.25% -8.57%
  Sep $700,000 $919,126 189 9.03% 5.84% 13.17%
  Oct $715,000 $831,381 219 14.58% 10.92% 58.70%
  Nov $730,000 $911,433 199 17.74% 17.48% 17.06%
  Dec $639,000 $789,993 211 -1.54% -4.31% 45.52%
  Median
Price
Average
Price
Units
Sold
Median
% Change
Average
% Change
Sold
% Change
2001 Jan $620,000 $883,031 116 -0.80% 13.56% 10.48%
  Feb $652,000 $926,442 121 4.32% 6.60% -37.31%
  Mar $675,000 $837,375 181 8.96% 7.49% -23.31%
  Apr $718,000 $977,955 173 19.67% 16.12% -28.81%
  May $628,000 $782,849 176 -1.10% -1.38% -29.88%
  Jun $649,500 $834,230 220 4.25% 4.41% -21.43%
  Jul $680,000 $874,308 227 11.57% 7.98% 11.27%
  Aug $669,000 $911,823 245 6.19% 10.29% -14.34%
  Sep $642,000 $868,388 167 0.31% 2.00% -21.96%
  Oct $624,000 $749,514 138 -2.50% -9.48% -26.98%
  Nov $620,000 $775,835 170 -5.49% -12.36% -9.09%
  Dec $649,000 $825,551 145 6.48% -12.19% 5.07%
"The consensus is that it will take a while for the economic recovery to stabilize, so the Federal Reserve is unlikely to raise interest rates before late summer," ...
 
"This means mortgage interest rates won't move very much this year, preserving favorable housing affordability conditions and contributing to record home sales."   Wall Street Journal

 
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GINGER  HOPP     BROKER CFS #01240587          Realtor Since 1998

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