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
|
Tags: Market Report