As you will see in the charts below, the 2011 average sales price for homes in Marin County is hovering around where it was in 2003-2004, or $813,155. The median sales price for the year was substantially lower at $630,000.
The number of homes selling is up for the third consecutive year at 2612 for 2011 (2455 in 2010, 2257 in 2009 and 2153 in 2008). So, the volume is about the same as 2001, which was 2676–which is before lending standards were relaxed in 2002.
If you look at the trends of the previous decades, had the trends remained more true to history then prices are now about what they would have been anyway before the “artificial spike”.
In short, I’m calling this good news.
If you would like more information about this area feel free to contact me.
If you would like to see everything that is currently available for sale through our MLS click here.