Marin home prices fell 8 percent last month over previous month, the number of home sales declined 24 percent during the same period.
Prices of single-family homes were down 8 percent in July compared with June, according to BAREIS MLS® – the Marin MLS provider. Of the 13 cities we track, eight posted decreases, with an average home price of $985,677. The pace of home sales were down sharply, 24 percent for the same period.
Marin home prices were down 7.5 percent in July compared with the same month last year. During the same period, the volume of Marin County home sales was exactly the same, 173 last month vs. 173 in July 2010.
Marin home sales have been trending up, but the shaky economy is certainly putting pressure on the housing market. So far the turmoil has made for very attractive mortgage rates. Low rates and lower home prices have been the driving force in our real estate market this spring/summer. However, the momentum we have been experiencing could lose some steam with these latest developments.
|
Area |
Average Sale Price |
Median Sale Price |
Total Sales |
Avg. DOM |
|
All Marin
|
 $985,677 |
$760,000
|
173
|
87
|
|
Belvedere
|
 $2,971,300 |
$3,010,000
|
5
|
219
|
|
Corte Madera
|
$851,889 |
$865,000
|
9
|
86
|
|
Fairfax
|
$568,800 |
$563,000
|
10
|
60
|
|
Greenbrae
|
$1,182,125 |
$1,175,000
|
3
|
89
|
|
Kentfield
|
$1,217,167 |
$1,259,000
|
3
|
123
|
|
Larkspur
|
$1,421,121 |
$1,180,000
|
6
|
36
|
|
Mill Valley
|
$1,253,990 |
$945,000
|
27
|
49
|
|
Novato
|
$635,837 |
$612,000
|
32 |
116
|
|
Ross
|
$1,026,667 |
$975,000
|
3
|
94
|
|
San Anselmo
|
$1,007,591 |
$706,000
|
11
|
69
|
|
San Rafael
|
$750,906 |
$643,000
|
41
|
67
|
|
Sausalito
|
$1,068,500 |
$997,500
|
4
|
65
|
|
Tiburon
|
$1,645,540 |
$1,578,500
|
11
|
78
|