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Marin High End Real Estate Update
Thursday, December 10th, 2009 at 6:18pm. 320 Views, 0 Comments.
As 2009 winds down, Marin real estate is heating up. Single family homes listed under $1 million that are priced well are flying off the shelves. However, folks looking to purchase high-end homes in Marin, priced over $1 million, can still take advantage of a buyer's market most of the time.
That said, the median price of luxury real estate in Marin is up 9% for November 2009 versus November 2008. And the median price of high-end homes sold year-over-year is up 5%, from $1,450,000 to $1,525,000. There were 44% more properties in this price range sold in November this year, and 128% more homes in contract.
To look at the luxury real estate market in Marin from a supply/demand point of view, there were 6% fewer homes for sale, and 44% more sold in November…
