Price Reductions in Marin

Price Reductions in Marin

In the following graph I show, for selected towns in Marin County, the percentage of SFHs that are for sale and that have posted price reductions and the mean percentage price reduction as of today, December 18, 2005. This is not an exhaustive analysis but I was as complete and as accurate as possible. This analysis also does not include houses that are under construction and only shows the most recent reduction from the price that the MLS claims is the “original” asking price*. Also keep in mind that this is traditionally a slow time in the market; in the Spring I will again perform this laborious exercise so that we can compare it to the end of this year.

(Click on the image for a larger view.)

Sample sizes:

Belvedere – 18
Tiburon – 35
Mill Valley – 50
Corte Madera – 8
Larkspur – 8
Kentfield – 14
Ross – 10
Sausalito – 19
San Rafael – 55
Novato – 99

*I cannot know what “original” asking price means. Does it mean the first asking price when this property first went on the market? Is it the last asking price before the current asking price?

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