I attended a presentation by the California Association of Realtors Chief Economist last night and heard some amazing statistics regarding Marin County's housing market recovery. From its bottom in February 2011, median prices are up 50.6% from $632,580 to a median of $952,870 in April of 2013! Notices of Default dropped 58.4% from Q1-2012 to Q1-2013 with foreclosures during that period down 55%. And in April 2013, distress sales accounted for only 10% of homes sales in Marin.
Prices in Marin are still considerably below their peak prior to the recession, though, and so as a buyer, there is still room to benefit from that real estate downturn.
If you would like to see the complete report, send an email to me, Peter@MarinRealtyExperts.com or call 415-472-6243.