For the second quarter in a row, single family home prices in Marin have gone down! In the 3rd quarter they were down by 4% and they dropped by another 4% in the last quarter of 2016.
Condo prices, though, held steady with virtually no change from the previous quarter.
The biggest change this past quarter is that it has shifted from a Sellers Market to a Buyer’s Market for homes priced over $1,250,000. This is the first time we’ve seen a buyer’s market in any price range in Marin for years! This may not last as things generally heat up in the spring, but for buyers in that price range, house hunting -- and coming away with the winning offer -- may have finally gotten a bit easier.
For more details, along with a chart showing single family and condo prices in Marin over the past 10 years, click here and please give me a call if I can be of any assistance to you in buying, selling or leasing a home or income property in the North Bay.
Peter Nielsen, 415-299-0487