Prices for single family homes in Marin County continued to climb steadily, throughout 2015 with the average price for homes sold in November, 2015 being $1,544,000. Inventory continued to be lower than demand, with a resulting shorter number of days on the market. The average price of homes for sale in Marin was significantly larger, at $2,497,000 in November, 2015, and at almost $3M in January, 2015. This difference reflects a small number of higher end homes that were on the market which may not have sold immediately.
The market is still in recovery so prices may continue to rise for 2016, although this may be moderated somewhat by increasing interest rates. If you are thinking about buying or selling a home, now is the time to do so. Please call me at 415-328-5564 for a free consultation.P