When evaluating real estate (or any investment for that matter), people often make the mistake of looking at it in a short term perspective. For most people who own Marin real estate, it often a long term investment. The chart below details the average Marin County home sales price in 2007, 1997, and 1987.
All I can say, is that I really wish I had purchased ten Marin County homes in 1987 or even just ten years ago in 1997.
City
Average Marin Home Sales Price 2007
Average Marin Home Sales Price 1997
Average Marin Home Sales Price 1987
All Marin County
$1,223,678
$443,135
$240,875
Belvedere
$3,880,903
$1,248,804
$665,053
Corte Madera
$1,214,431
$382,677
$219,925
Fairfax
$841,837
$325,912
$160,930
Greenbrae
$1,052,236
$398,074
$230,308
Kentfield
$2,427,872
$855,384
$408,581
Larkspur
$1,301,432
$500,874
$241,193
Mill Valley
$1,400,526
$524,941
$283,479
Novato
$757,815
$303,576
$188,771
Ross
$3282,336
$1,003,212
$452,700
San Anselmo
$1,056,271
$416,676
$232,160
San Rafael
$905,599
$368,903
$225,358
Sausalito
$1,309,383
$453,109
$230,151
Tiburon
$2,207,819
$801,875
$451,038
Marin County real estate is a great investment at any time- just think long term!
Ginger, that's some great appreciation! My broker likes to say that the best time to invest in real estate was 20 years ago; the second best time is TODAY!
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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