There are three short sales listings this week in Corte Madera and more coming in the following months. Properties are moving quickly when they are priced correctly. However, when the Option A loans begin to recast in August there will be a lot more inventory and it will force the price down. If you are truly looking for a bargain and have patience you might want to look at these new lshort sale istings expected it hit this week and by August there will be a lot more softening of the market
There are, in general, two different markets in the county. Properties asking less than ~$500K are often getting multiple offers. These low priced properties are often, usually, bank owned or short sales. Properties asking >$1M are very, very slow and it is definetly a buyer's market! In between is in between. Those generalizations prevail throughout the county.
Got to http://www.zillow.com and FIND "local info" for Corte Madera, CA( or any other community of interest) and there and on linked pages you can review historical value/price information. Understand that all the numbers from Zillow make no consideration of quality.