January 2011

There are 1 blog entries for January 2011.

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

1,948 Views, 1 Comments.