MDH Blog | The Marin Home Blog

Home prices in Marin take a step back in February, while the number of homes sold continues it’s push forward in a big way.

The average price of a single-family home in Marin decreased for the first time in 3 months last period. In February, the average price came in at $1,001,703, down 7.23 percent from the previous month. Still, February’s average price marks an impressive 25 percent increase from a year ago, and the number of homes sold was up a whopping 66 percent during the same period.

The recent improvements in the Marin housing market are very encouraging, and we expect this trend to continue in the long-term. However, as inventory continues to build over the next several months, we may see some downward pressure on home prices. The stats for February seem to confirm our growing suspicion, at least for the moment, and we will be watching this trend closely.

Area	Average Sale Price	Median Sale Price	Total Sales	Avg. DOM*
All Marin	$1,001,703	$780,000	103	114
Belvedere	$3,440,000	$3,440,000	2	209
Corte Madera	$805,000	$800,000	3	108
Fairfax	$584,000	$595,000	3	152
Greenbrae	$1,935,000	$2,145,000	3	119
Kentfield	$1,795,000	$1,925,000	3	127
Larkspur	$1,083,000	$1,083,000	2	55
Mill Valley	$1,552,422	$1,415,000	16	102
Novato	$630,882	$531,500	24	132
Ross	$2,197,500	$2,197,500	1	16
San Anselmo	$696,600	$722,500	8	68
San Rafael	$759,506	$652,950	24	100
Sausalito	$895,000	$895,000	1	173
Tiburon	$1,085,375	$1,050,000	8	155

The Marin real estate market continues to strengthen. Falling inventory levels and strong sales helped to drive improvement in Marin’s housing market in January.

The average price of a single-family home in Marin increased for a second straight month in January reaching $1,079,713, up 6.25 percent – a 24 percent increase from January 2009. A total of 94 homes changed hands, up 32 percent from a year ago.

With inventory levels falling, we anticipate price increases to continue and possibly intensify. However, there are a number of factors that could delay the further strengthening of Marin’s housing market. Principal among these would be rising inventory levels and the anticipated increase in mortgage rates. Still, our outlook is increasingly positive and we believe in the long-term growth of the Marin market.

Area	Average Sale Price	Median Sale Price	Total Sales	Avg. DOM*
All Marin	$1,079,713	$662,500	94	105
Belvedere	$2,545,000	$2,545,000	1	416
Corte Madera	$860,000	$860,000	1	29
Fairfax	$910,667	$777,000	3	163
Greenbrae	$1,072,000	$1,072,000	2	132
Kentfield	$1,625,750	$1,581,500	4	153
Larkspur	$801,500	$801,500	2	72
Mill Valley	$1,191,488	$1,032,500	16	88
Novato	$525,440	$475,000	25	91
Ross	$11,000,000	$11,000,000	2	116
San Anselmo	$855,965	$745,000	7	152
San Rafael	$672,568	$654,500	22	80
Sausalito	$635,000	$635,000	1	45
Tiburon	$2,617,500	$2,617,500	2	111