11 Feb Sausalito CA Real Estate 2009 Review
MarinÂ Real Estate
In the last 44 years, there have been only two years (excluding 2008 & 2009) when average home prices in Marin County have decreased from one year to the next: -1.2% in 1991 and -1.4% in 1992â€“ after the S&L crisis.
Marin County average residential home prices fell -12.7% in 2008 and -21% in 2009.Â Â
Â A unit-sale weighted average of Southern, Central & Northern Marin show Southern Marin prices are down -17.4%, Central Marin down -13.1%, and Northern Marin down -18.4% from 2008 levels.
For much more more information from a mile high perspective please see right nav bar, click & read â€œMarin Updateâ€.
Sausalito real estate is one of the hardest hit locations in Marin. In 2009, average SFR home prices in Sausalito were down -29%. The current picture is equally bleak. There are 27 SFR homes on the market andÂ only oneÂ is in contract. Another interesting aspect of the below ‘inventory in contract’ charts is all of the properties clustered at the high end of the market in the top quartile. Sellers are not reacting fast enough to changing market conditions and hoping against hope that prices are going to come back.
There havenâ€™t been any sales over $3mm since Oct 1st 2008. Sausalito is going thru a once in life-time market reset– there aren’t that many wealthy execs with the propernsity to buy multi million dollar properties in Sausalito. Please see the Marin Update blog for larger trend data for Southern Marin.
Please see the below information and callÂ Dave DuPontÂ for further insight 415-867-6611.
Sausalito Quarterly data:
In the above graphs it is easy to see the seasonality of real estate in Marin. The spring is clearly our chance to get you the best prices of the year.
Home prices are driven by incomes:
Census data… the next census due out within the year will help clarify incomes in Sausalito.
I have much more data here in my files including condo data for Sausalito.
In 2008 and 2009, Dave and the DuPont Group areÂ leading agents in Marin County Real Estate. Since the recession began in earnest in 2008, Dave personally closed over 36 sales and $47m in real estate sales, and his group has closed over $60m.Â For 2 years running Dave has sold more homes than any other agentÂ at DB Sotheby’s Intl Realty.Â The data in these pages represents the extra mile we go for clients and is our competitive advantage over other agents in all parts of Marin. Now is not the time to select an agent to represent you because they are a friend or even because they may have represented you in the past. The work habits most realtors has evolved over the past 20 years are not translating well into selling homes in todayâ€™s real estate environment where home buyers make decisions because of financial considerations as opposed to emotional ones.
Dave is a Certified Financial Planner (CFP), Certified Financial Manager (CFM), received his MBA from Pepperdine University, a CA real estate broker and worked for approximately 10 years in the San Francisco financial district. This Blog works in conjunction with The DuPont Groups primary web site.
Please call me to discuss this information in more detail 415-867-6611 – Dave