Marin Real Estate Market Update by Peter Narodny
Marin has always had the reputation of being one of the finest counties in Northern California. Now that San Francisco has been hit by a excessive demand for housing, buyers are quickly discovering Marin, where the schools, weather and quality of life is superb. The median price for homes has jumped to over
$1 million, back to where it was in June of 2008, and the per square foot price is now $603 which is above the peak in 2007. With the low inventory, low mortgage rates, and declining foreclosures, the median price of a home has risen 20% over last year. Rents are also up, and in evaluating the choice of renting versus selling, it is important to realize not only the cost and tax consequences of…