Marin Real Estate Market Starts 2014 on a Good Note

How did the Marin real estate market fare in 2013? Marin Realtor Kevin McGinnis takes a look at the year in Marin housing in this guest article.

The Marin real estate market continues to show strong gains. All the data from 2013 are in, so here’s a look at where we stand, by the numbers:

Marin Real Estate Prices

In 2013, the average price for a single-family home was $1,191,748. That’s an 18% increase in just one year. To the average home seller, that meant an extra $182,103 in their pocket compared to 2012. For a breakdown of average Marin home prices by city, scroll to the bottom of this article.

The graphic below shows Marin real estate home prices over the past decade. As a result of the Great Recession, prices fell starting in 2008 and continued to tumble through 2009. The year 2010 saw improvement, but then 2011 gave up the modest gains and proved to be the low point for prices in the Marin real estate market (for single-family homes).

Keep in mind, this graphic represents Marin real estate as a whole, and it takes into account data for all 12 months of 2013. So, since prices have been in an upward trend, the picture here in early 2014 is even rosier for homeowners.

Marin Real Estate Days on Market

How long does it take to sell your house in Marin? 61 days was the average in 2013. That’s 24 days faster than in 2012, and more than a month faster than in 2011. The quicker turn times can be attributed to the major decrease in the number of short sales, which are anything but short.

Marin Real Estate Price per Square Foot

The average price per square foot was $524 in Marin last year, up 15% from 2012.

Marin Real Estate Prices By City

The average price of a single-family home in each Marin County city (except West Marin communities):

Kevin McGinnis is an experienced Marin County Realtor who works full-time for Decker Bullock, the Sotheby’s International Realty affiliate in Marin County. For more information about buying and selling Marin real estate, visit Kevin’s blog besthomesmarin.com/blog.