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.

 

Marin has most May home sales since 2004
06/17/2013
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The Marin Association of Realtors has announced that Marin County experienced the biggest May since 2004! (in Units Sold) Total dollar volume was up 43% over the previous year and the second time in a row that the average price exceeded $1 million… more
Mortgage Rates are climbing higher
06/13/2013
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Freddie Mac the quasi-government corporation chartered by Congress in 1970 "to provide liquidity, stability and affordability to the U. S housing market" today released the results of its Primary Mortgage Market Survey® (PMMS® ), showing "… more
Real Estate Auction Coming to Marin
06/11/2013
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Auction. com is brining its real estate auction to Marin County on June 19. There are 12 properties to be auctioned, from a condo in Novato to a gated estate in Tiburon. The auction will be held at the Four Points Sheraton Hotel in San Rafael. I've… more
Marin County Q1-2013 Real Estate Market Update
04/18/2013
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My Q1-2013 Marin Real Estate Market Report was referenced by Marin Indendent Journal writer Janis Mara in her blog post today at Janis Mara blog The market at the start of 2013 has been characterized by increased demand and a lack of supply… more
"Bay Are home prices surging"
02/20/2013
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That's the headline for the front page story on yesterday's Business Report section of the San Francisco Chronicle. Zillow. com has made a projection fof 2013 prices in each of the 25 Bay Area zip codes. Their projections take into account historical… more
Homes Sales and Prices up in California
02/01/2013
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The California Association of Realtors reports that the number of home sales in California in December were up 0. 9% and that the median sales price was up 27% from a year ago, marking the tenth consecutive month of double-digit annual gains. This… more
Solid Recovery in the Marin County Real Estate Market
01/25/2013
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The median price of a single family home purchased in Marin during the 4th quarter of 2012 was $780, 000, up 6% from the same quarter a year ago. The median price of a condo was $355, 000, up 10%. The number of homes listed for sale is down 48% from a… more
"Bay Area market surging -- December price jump highest ever"
01/21/2013
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That's the headline in a front-page story in the Jan 17, 2013 S. F. Chronicle. According to DataQuick, a San Diego research firm, the nine-county median price resulted in "an astounding 32 percent increase compared with the prior year -- the highest… more
Lots of Demand for a Good Rental in San Rafael
01/13/2013
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I just posted a 3BR/2. 5BA townhome rental in San Rafael on Craigslist for $2300/mo. In the space of a couple of days, I've had 9 showings and 3 applicants. It has a 2-car attached garage, A/C, a deck and backs to open space. It's well maintained,… more