Marin Medium Home Prices Drop
Dec 1st, 2008 by Ginger Wilcox
Initial November Marin home sales numbers are in. As expected, median home prices in Marin County have dropped. As of now, the median price for single family homes in Marin dropped to $805,375. (The numbers may change slightly as last minute sales are reported.) In November of last year, the Marin median home price was $1,000,000. The number of units sold was down over 41%, a dramatic drop off in sale activity.
Clearly the election and the volatility in the financial markets has had a significant impact on the Marin real estate market. Buyers who have jobs or cash are sitting pretty right now. Great interest rates, motivated sellers, and low home prices make it a great time to purchase for those who are able.
Data is pulled from BAREIS Multiple Listing Service.
Thank you for reading my Marin County Real Estate Blog!
Posted By: Ginger Wilcox - Marin Real Estate Agent - Marin Fine Properties
Ginger Wilcox is a Broker Associate with Alain Pinel Realtors, Inc specializing in Marin Real Estate.
