Marin County, CA. Real Estate Update — February 2010 (Homes For Sale & Price Ranges)

The Marin County, California real estate market, which entered the new year with momentum, seems to have achieved traction. While year over year prices are down in many price segments and locations within Marin, some areas have actually seen prices increase (albeit nominally). Indeed, countywide supply and demand figures suggest an improving real estate environment as supply is down 24% and sales are up 29%, compared with last year (the numbers are for homes with at least 3 beds, 2 baths, 1,500 square feet, and priced under $1 million). 

Marin County (Supply and Demand 2-10)

Much of the apparent strength evident today stems from the red-hot Novato market. Yet, further evidence of a strengthening market exists in the more traditionally (if not perenially) fashionable Mill Valley. Recent weeks have seen several homes in Mill Valley’s bread-and-butter price range of $1.25 million to $1.75 million sell with multiple offers and very attractive terms from a seller’s standpoint. We are hopeful that this renewed vigor sets in. 

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 Real Estate Activity (February 2010)


Not surprisingly, inventory dropped again over the past month to 462 single family homes for sale (I suspect we will be back up to ~650 by the end of March). The below chart includes only the 13 cities along the Highway 101 corridor (excluding Western Marin inventory and condos).

Marin County Home Prices
Cities Lowest Price Highest Price
Sausalito  615,000  8.75 million
Tiburon  799,000  24.9 million 
Belvedere  1.599 million  48 million
Mill Valley  349,000  6.5 million
Corte Madera  450,000  2.295 million
Larkspur  699,000  3.15 million 
Greenbrae  649,000   1.295 million
Kentfield  649,000  14.85 million 
Ross  953,000  5.295 million
San Anselmo  595,000  5.988 million 
Fairfax  299,900  1.995 million
San Rafael  359,900  3.95 million 
Novato  379,000  6.25 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