Corte Madera Home Prices
Corte Madera Real Estate Market Update
Please bookmark this page to see the latest Corte Madera real estate market update charts and Corte Madera home prices, updated the first week of each month with a live feed courtesy of BAREIS MLS. Because this page is constantly changing, I will not include commentary on the charts below but you can read my monthly Marin real estate market reports in my blog to read my opinion and analysis. Of course these charts are just a place to begin. Let’s continue the conversation — call me at 415-847-5584 and I can prepare an overview that includes specific nearby homes that have sold in your neighborhood.
Please keep in mind that in a relatively small market like Corte Madera just one house sale or listing can skew the results significantly. You may also wish to look at the overall Marin County real estate market report to see the entire Marin county real estate market.
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Corte Madera Home Sales vs. Sold Inventory Overview
The chart below illustrates a 14-month rolling history of inventory of Corte Madera homes for sale (light green) vs. the number of Corte Madera homes sold (dark green) per month. The red line shows the number of homes in Corte Madera that went into escrow each month and the blue line shows you the number of new listings per month. This chart provides an excellent perspective on supply and demand in the Corte Madera real estate market and allows you to see inventory, sales and listing trends.
Corte Madera Real Estate Market Months of Inventory
The chart below illustrates the months of inventory of Corte Madera homes based on closed sales for the past fourteen months. As a rule of thumb, an inventory level of less than three months indicates a strong sellers’ market while an inventory level greater than six months indicates a buyer’s market.
Corte Madera Housing Market Historical Price per Square Foot
I hesitate to include this chart because price per square foot, popularized with online services that supposedly calculate your home’s value, can be very misleading. While price per square foot can provide a general picture of pricing trends, there are many factors that impact the value of a home. A professional real estate agent will take into account condition of the home and surrounding homes, recent sales in your neighborhood, school district, neighborhood nuisances like freeway noise and parking difficulty, and other factors in helping you establish the market value of your home, or the value of the home you are considering purchasing.
Corte Madera Home Prices Average and Median Pricing Trends
The chart below illustrates average and median home prices in Corte Madera over the last fourteen months. If the average sold price is below the average listing price, and falling, the market may be moving towards a buyers’ market. If the average sold price trend is up or above the average listing price, the market may be moving towards a sellers’ market. Why look at the median price versus the average price? The average price is susceptible to skewing by very high or very low-priced homes which are outliers in the market. The median literally reflects the price of the middle home in the market — so if there are 100 homes for sale in Corte Madera, the median price would be the price of the 50th home. Please read this article on Realtor.com for more information on median versus average pricing if you have questions.
Corte Madera Home Sales Days on Market & Sales Price vs. Original List Price
The chart below reflects the average days on market (the bars) and the average sales prices divided by original list price percentage for the past fourteen months. Using the average days on market we can see generally how long homes are taking to sell. Generally we see this number decrease during the peak spring season and increase in the slower winter season. We can use this chart to see if generally homes are selling for more than asking, and we can also use this to determine if days on market is lengthening or shortening. This is helpful in determining how “hot” a given market is.