Homes for Sale in Marin County, CA - Average home price 2010 to 2011 up or down?

By
Real Estate Agent with Marin Modern Real Estate

Homes for Sale in Marin County, CA - Average home price 2010 to 2011 up or down?

Turns out in Marin County, like home prices, inventory levels, Days on Market and sale price vs. list price it all about location, location, location! In two cities the average home price is up from 2010 to 2011 Year to Date in all others it's down. Makes answering the questions, "have we hit the bottom", or "hows the market" or "are prices going back up" difficult to answer. Check out the city by city reports for more specific information on San Rafael, Fairfax, San Anselmo, Mill Valley, Ross, Corte Madera, Novato, Tiburon, Belvedere, Kentfield, Larkspur and Sausalito.

  • Kentfield average home price up 33% from 2010 to 2011 Year to Date
  • Greenbrae average home price up 10% from 2010 to 2011 Year to Date

Marin County Market Report

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Check out the bottom right corner of the report. % of Sale price to original price came down considerably in February 2011. Above it, median sale price is also dropping. Is this a trend or was February just a blip? We have had historically high levels of rainfall and cold weather. Are sellers still unrealistic about their homes worth? Are buyers remaining on the fence?

Granted we are only in our 3rd month of 2011 so this information will change but it's still interesting to see where the market has been and where we are headed.

I have heard that prices have hit bottom, others believe prices will continue to drop.

What is it like in your market? Where do you see average home prices going as we move into the 2nd, 3rd and 4th quarters of 2011?

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Comments (4)

Ralph Gorgoglione
Maui Life Homes / Metro Life Homes - Kihei, HI
Hawaii and California Real Estate (310) 497-9407

What a great post! Thank you for sharing this post.

Apr 19, 2011 06:56 AM
Cari Gennarelli
Marin Modern Real Estate - San Rafael, CA
Realtor|Ecobrok

Hi Ralph - Thanks for checking it out! I keep hearing more positive commentary about our Market here is Marin and want to get the word out! Buy, Buy, Buy!!! Appreciate you taking the time to read my post!

Apr 19, 2011 08:18 AM
Rob Spinosa
Guaranteed Rate, Marin County, CA - San Anselmo, CA
SVP of Mortgage Lending, Marin County

Location is everything, but so is timing.  One thing buyers and sellers need to keep in mind here in Marin is that we'll likely see the jumbo-conforming loan limit decrease in the Fall (from $729,750 to $625,500).  Since a lot of the inventory that has been moving well in Marin could be affected by this change, it is important to factor this into our projections going into the latter part of the year and beyond.  I continue to believe that the present time is a GREAT opportunity for buyers because of the convergence of great inventory, low rates, and lending capacity that may not be available to the same degree in the future.  I think it was Abraham Lincoln who said, "Good things come to those who wait, but only the things left by those who don't."  Thanks, Cari!

Apr 28, 2011 02:02 AM
Anonymous
Cari Gennarelli

Rob - Thanks for adding that information! Definitely a key issue buyers and sellers need to keep in mind. Love the Abe Lincoln Quote too! Appreciate the response.

Apr 28, 2011 06:49 AM
#4