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Marin Real Estate Update
I wanted to give everyone an update on what is happening in the Marin County Market as of March 13, 2008. The Market in Marin is quite buoyant no matter what you are hearing from sources outside of Marin County.
Here are the details:
| City |
Median Price 3/08 |
Median Price 3/07 |
# sold 2008 |
# sold 2007 |
| Mill Valley |
$1,204,000 |
$1,227,000 |
27 |
50 |
| Larkspur |
1,824,500 |
1,300,000 |
4 |
7 |
| Corte Madera |
862,500 |
994,500 |
8 |
16 |
| Tiburon |
2,135,000 |
2,690,000 |
14 |
19 |
| Belvedere |
2,525,000 |
3,439,000 |
2 |
7 |
| Sausalito |
1,850,000 |
1,300,000 |
5 |
13 |
| Fairfax |
672,000 |
735,000 |
11 |
15 |
| Greenbrae |
2,113,000 |
1,215,000 |
3 |
22 |
| Kentfield |
2,060,000 |
2,175,000 |
4 |
10 |
| Ross |
3,900,000 |
1,910,000 |
6 |
4 |
| Novato |
679,000 |
734,500 |
46 |
68 |
| San Rafael |
897,500 |
850,000 |
52 |
80 |
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As you can see we have some impressive changes in the median prices form year over year. It is evident in the community of real estate professionals that higher priced homes in Marin are the ones that are selling. The median prices have
increased dramatically in the towns of Larkspur, Sausalito, Greenbrae, San Rafael
and Ross with declines in median prices in Mill Valley, Corte Madera. Belvedere, Fairfax, Kentfield and Novato.
The number of units sold throughout Marin has decreased by 42% from 324 single family homes sold from
January 1, 2007 to March 15, 2007 to 187 for the same period in 2008.Even though prices are maintaining we are
seeing a significant reduction in the number of homes turning over as well as sellers refraining from putting
their house on the market until the housing market stabilizes.
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