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
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?