2012 Sales Recap for Marin County, California
We have crossed the finish line in good fashion, with all of the key indicators firmly pointing at a housing market recovery within Marin County, as well as within the overall northern California basin. Transactions are up, valuations continue their recovery and inventories remain at levels not seen since 2004. In addition, our bay area economic environment continues to improve, interest rates remain at historic lows and buyer demand remains unfilled.
The numbers on a county wide basis are highlighted in the chart below, and the numbers by community are recapped in the enclosed charts.
|
Transaction Velocity
2012 vs. 2011
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Valuations
2012 vs. 2011
|
% Distressed
2011
|
% Distressed 2012
|
|
Single Family Homes
|
+23%
|
+2%
|
26%
|
22%
|
|
Townhomes / Condo
|
+5%
|
+5%
|
47%
|
39%
|
With the exception of Ross, median prices are up over last year. Most communities show single digit increases in median prices, with a few (Fairfax, Kentfield, Larkspur, Sausalito) showing increases >9%. Sausalito’s median price is up +12%, and as I have noted in previous newsletters, Sausalito is a community I watch closely, for it tends to telegraph market trends and direction. In this case, Sausalito has had three years of median price appreciation, and buyer demand for single family homes in this community remains strong.
If you are considering the marketing and sale of your residential property during 2013, now is the time to begin the process. We are in the midst of a market biased towards sellers, available inventory is extremely lean and buyers are actively looking. Please feel free to contact me, and I’ll be happy to provide you with an accurate assessment of your home’s current market value, along with a strategic / comprehensive marketing and sales plan, targeted to achieve a successful sale.
All the best in 2013!
Sincerely,
Jim Fraser
Realtor
2012 Year End Sales Recap, Marin County, by Municipality:
Median Price Historical Recap, Single Family Homes:
Pacific Union International and Jim Fraser, Luxury Property Leadership!
