There are 1 blog entries for January 2011.
Wednesday, January 19th, 2011 at 4:52pm. 502 Views, 1 Comments.
The Marin luxury home market is very much alive and well and the outlook for the year is excellent. There are currently 286 homes on the market in Marin over $1 million at a median price of $1.795, of which 50 are already in escrow and 9 have closed. In the over $2million range there are 116 homes at a median price of $3.82 million and 15 of those are in escrow and 5 have already closed. The median price has remained constant since last year at the same time when it jumped 25% from 2009.
What we are seeing is more well qualified buyers looking for luxury homes now that prices have come down and they realize the long term upside of a luxury home in Marin is incredible. Although financing is available and interest rates are the lowest they've been in…