That was today’s headline in our local newspaper the Marin Independent Journal. More and more, media across the country are reporting optimistic trends. While the effects of the recession are not behind us, the bad news is easing up.

The median home price in Marin in March was $670,000 and in April it was $743,500. It is not that homes appreciated that much in one month; it is simply that higher priced properties are now selling. The median for April 2008 was $935,000. In the 1st qtr of 2008 the luxury multi-million dollar segment drove the market. In 2009 it was low-end entry level properties.

Novato, our most northern town, is going gangbusters! Multiple offers are quite common and not just in the under $500,000 price point. The following are the percentage pending in each segment

Remember, over 40% is a seller’s market. I’m in the thick of it and encouraged. What are your thoughts?

The game has changed but I still love playing it!
After 20 years and 500 escrows… there are no surprises.
Let me help you navigate the waters… 415-925-3285


Posted by:Patti Cohn