7- 8% of Marin homes sold each year are considered luxury properties. This chart shows that luxury home prices have surged since 2019 (up 18-20% each year in 2020 and 2021) and remain strong through November 2022. Since statistics can be misleading and misinterpreted, we checked two indicators of sale price: Median sale price. The median price peaked at $6.M in 2021 and decreased by 4% Continue Reading
Latest Trends in the Marin Real Estate Market
Is the Market Changing--Or is The Sky Falling? The buzz from media recently is that the real estate market is changing, and that we are moving toward a buyers' market with more choices, less competition, and lower prices. Local real estate agents are joining the parade either because it is easy to copy the media reports, or they hope to influence buyers and sellers to hire Continue Reading
Expectations for the Marin Housing Market
Our experience and common sense, plus a few numbers, suggest the Marin housing market will continue to increase in value, though perhaps at a lower rate than the the last few years. Here are some factors that support the healthy real estate market in Marin: Our economy is strong. If the Bay Area economy is growing, there will be demand for homes in Marin. Bay area employment Continue Reading
Foreclosures in Marin County
In the current sellers' market, there are few foreclosures in Marin County--but there are some. Here is a snapshot taken today, May 2, 2018, when the housing market is very active: There are 4 properties for sale: three REO sales and one short sale. This is 0.6% of the 662 homes for sale. In the last year, there have been 27 foreclosure properties sold: 11 REOs, 8 Short Sales, and 8 Continue Reading
Increase in Marin Property Taxes for 2017-18
You may see an increase in your Marin property taxes for 2017-18 Your Marin property taxes may increase for 2017-18. Here are the reasons: Increase in the assessed value of your home. Since an amendment in 1978 to the California State Constitution (also known as Proposition 13), assessed values of homes can increase up to 2% per year. Since your tax bill includes other items, like Continue Reading
Where is the Marin real estate market going?
Prices for single family homes in Marin are the highest in 15 years. Will prices continue to go up? Can we expect home values to level out or decrease? First let's see where we are. Home prices continue to increase in Marin The median price of a single family home in Marin County continues to move upward and is now about $1,333,000 (last half of 2018). The most sought-after homes often sell Continue Reading
High Demand, Higher Prices for Marin Homes
Home Values Appreciate in 2017 By the end of June the busiest season for Marin home sales is nearly over, with families settled for the school year or heading off for a summer vacation. Single family home and condo/townhouse prices both increased in value by about 4.5% so far this year (median sale prices, 2017, Marin MLS). This appreciation is lower than last year when single family homes Continue Reading
Will The New 4+% Mortgage Rates Impact California Home Prices?
By now, many of us have heard through news or advertising that a small change in mortgage rates can make a big difference. In Marin County a home price is a big consideration when selecting real estate in this most desirable market. Interest rates will also be an important consideration, particularly for first time home buyers on a limited budget. Will a 5% mortgage rate make a substantial Continue Reading
Marin Home Prices Past and Future
Marin home prices have appreciated greatly over the last five year. The statistics show a surge in values in 2013 to 2015, and a recent leveling. Prices for single family homes increased 57% over the last five years: Year Median Price Increase 2012 $765,000 --- 2013 $900,000 18% 2014 $1,010,000 12% 2015 $1,105,000 9% 2016 $1,199,000 9% The Continue Reading
Marin Real Estate Market Update: Marin Real Estate is More Valuable Than Ever
Marin Real Estate Market Report for the First 9 Months of 2016: Median price for single family homes increased about 9%. Median price for condos and townhouses increased about 6%. Number of houses sold in Marin decreased by 9% compared to 2015. Supply of Houses for Sale is Low The lack of available housing in Marin County, CA is a primary factor in increasing home sale prices. Continue Reading
