TAM Blog

Marin Real Estate Facts....Last Decade
January 29th, 2010 8:11 PM

Marin Association of REALTORS®

It is no secret that in 2009, home values declined virtually everywhere....even in Marin, but here are some facts that bear noticing as we look over the past decade.


The average home price in Marin at the end of 2009 was 17.9% greater than at the start of the decade. The DOW was down 3.3% during that same time period.

• The 4th quarter for 2009 was much improved in many areas from 2008.

• Homes sales were up 44.1% in the 4th quarter and Kentfield, Larkspur, Novato, San Rafael, and Tiburon had median and average price sales increases during this time period.

• For the full year of 2009, more homes sold in Marin than in 2008.

• The supply of homes for sale at the beginning of 2010 was less than previous years.

• 43% of all homes listed in 2009 were in contract within the first 60 days.

• In the past decade the average home price increased in each city by the amount shown below:

Belvedere

18.7%

Corte Madera

50.3%

Fairfax

45.0%

Greenbrae

50.7%

Kentfield

35.8%

Larkspur

38.3%

Mill Valley

20.9%

Novato

20.2%

Ross

43.2%

San Anselmo

28.7%

San Rafael

15.6%

Sausalito

3.0%

Tiburon

21.8%

West Marin

4.2%


*Average home prices can be weighted by the proportion of lower priced homes (such as condominiums)
within a given year. Those cities having a significant portion of condominiums to single family homes are Greenbrae, Novato, San Rafael, and Sausalito.

• The total value of single family residential properties in Marin exceeds $30 billion dollars according
to Marin County records.


Posted by Kira Swaim on January 29th, 2010 8:11 PMPost a Comment (0)

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