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Post Info TOPIC: Median Price & Homes Sales Up for the Marin Real Estate Market


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Posts: 2316
Date: Jul 20 16:56:10 2009
Median Price & Homes Sales Up for the Marin Real Estate Market


The Marin real estate market is beginning to show signs of recovery.  The median price for a home in Marin jumped to eight hundred thousand dollars last month, up from seven hundred twelve thousand dollars in May, while home sales in Marin also increased compared to the previous month.  More than two hundred homes were sold in June compared to just over one hundred seventy in May. 

Still, compared to last year's figures, the median price for a home was down nearly twenty percent, however, the number of homes sold increased by three in 2009.

Most Marin real estate agents agree that the median price would actually be higher if it were not for the amount of foreclosures, which are still on the market.

On the other hand, some agents believe that the real estate market data in Marin may be skewed because of the Mill Valley real estate market or Belvedere's market which can bring the average up because of the high prices for a home in those areas.

The market is also seeing an increase of homes sales in the one to three million dollar range, most likely due to the fact that the higher priced homes have not been selling in the first quarter of 2009.  This can be attributed to the fact that obtaining a jumbo loan is not as easy to do as it once was.

More Good News:  Foreclosures in Marin seem to be thinning out, as well as, short sales too.


Condo Update:
The median price for Marin condos is down almost twenty-five percent from the previous year, while more than sixty condos sold throughout the area in the month of June.



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