Marin County, CA. Real Estate Update — December 2009 (Homes For Sale & Price Ranges)

The Marin County, California real estate market approaches the new year with momentum. While the beginning of 2009 was terrible for sellers and the market overall, the latter half of 2009  was quite strong across many market segments, giving brokers and home owners a reason for optimism in 2010. While year over year prices are down in many price segments and locations within Marin, some areas have actually seen prices increase (albeit nominally) year over year. Indeed, I believe that many brokers feel as though absent further crisis, we are at or near the end of the downward cycle — after 3+ years.

As for bread and butter homes (e.g., priced below $1 million, at least 3 beds and 2 baths with 1,500 square feet or more), the chart below reflects the number of homes in escrow county-wide from November 2007 through November 2009 — we are up an astonishing 190%. We see increased affordability and appealing interest rates supporting this trend for the foreseeable future. 

Further evidence of a strengthening market exists in Mill Valley. The chart below shows a 90-day rolling average of Mill Valley’s new listings and absorbed listings (e.g., sales), comparing current numbers with those of last year. Note that the while the numbers for new listings are about the same, the number of absorbed listings exceeds that of 2008. If you would like to review a similar chart for any other town or city in Marin, please let me know.


Real Estate Market Chart by Altos Research


Below is a snapshot of the current real estate market in Marin. Contact me for a detailed executive summary providing statistics and trends relating to the Marin real estate market (or any specific zip code). It is always my pleasure to be of service.


Marin County Real Estate Executive Summary


Not surprisingly, inventory dropped significantly over the past month to 471 single family homes for sale (we had over 600 last month). This includes only the Highway 101 corridor (excluding Western Marin inventory and condos).  Note to buyers: if a house is on the market during this time of year, the sellers are often quite motivated — make an offer!


Marin County Home Prices
Cities Lowest Price Highest Price
Sausalito  635,000  6.5 million
Tiburon  689,000  24.9 million 
Belvedere  1.795 million  48 million
Mill Valley  344,000  6.9 million
Corte Madera  599,000  1.895 million
Larkspur  360,000  1.799 million 
Greenbrae  799,000   2.495 million
Kentfield  749,000  5.295 million 
Ross  669,000  10.75 million
San Anselmo  460,000  6.488 million 
Fairfax  429,000  1.995 million
San Rafael  365,000  1.399 million 
Novato  275,000  6.95 million

By: Kyle Frazier, Broker Associate, Certified Residential Specialist (CRS), Certified Luxury Home Marketing Specialist (CLHMS), Realtor

Christie’s Great Estates | Morgan Lane Marin | Pacific Union International
(415) 350-9440