Sales of Marin homes costing $1 million or more increased significantly in 2012. According to the Marin IJ, a total of 963 homes sold for $1 million or more, which was up 34% from 2011. In fact, there have not been this many homes selling in this price range since 2007. California had 26,993 homes that sold for a $1 million or over, which was up 27% from 2011, also the highest figure in the state over the last five years.
Mill Valley had the most homes selling for $1 million or higher in Marin with 215. That was up 43% from 2011 to 2012, which ranked 21st in California. Larkspur had more than twice as many homes $1 million and up sell in 2012 versus 2011. Experts say this is another sign that the real estate market is recovering. I am personally seeing multiple offers on desirable properties in Marin. Inventory remains tight and prices are drifting higher.
Find out how I can provide a highly effective solution to purchase your dream house in Marin, or to sell your Marin home with the best possible terms in today's market, by combining Internet expertise, access to our database of thousands of buyers, key relationships and other tools. For assistance in purchasing your home, or to schedule a complimentary consultation regarding a marketing strategy to sell your home, contact Jonathan B. Jacobs.