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
|
Tags: Market Report