Market Report | February 2009

Last month home sales in Marin continued their decline, median price down 15% from January.

The median price of a single-family home in Marin was $644,500, down 30% from $911,500 last year, and 62 homes were sold - down from the 80 homes in February 2008. In January, the median home price in Marin was $765,000 and 71 homes were sold.

The bulk of February’s decline was from the sale of distressed property in Novato and San Rafael, which have been hit hard in the recent months. The median price is down 33% and 35% from a year ago, respectively.