Market Report | January 2009

Last month home sales in Marin jumped, median price up 12% from the previous month.

The median price of a single-family home in Marin was $765,000, down 27% from $1,045,000 last year, and 71 homes were sold - down from the 82 homes in January 2008. In December, the median home price in Marin was $686,000 and 90 homes were sold.

The bulk of January’s decline was from the sale of distressed bank-owned property in San Rafael, which has been hit particularly hard by the downturn in the housing market. The median price is down 23% from a year ago.