Marin Median Home Price Goes Up

Since August, people have been asking us in hushed and hesitant tones, "So how's business going?" And for some reason, no one seemed to believe our answer, "You know things are really going well." So if you won't take our word for it, look at this article from the Marin IJ. We try to stay away from saying that Marin and San Francisco are bullet proof or evergreen markets, but sometimes a headline tells at least some of the story. True, strong sales in the upper end of the market are pulling the median price up. And true, total units sales are down. But for local home owners worried about their investment or for home buyers looking for the deal of a lifetime, the picture couldn't be clearer. The local market is a lot more stable than people want to believe.

Another thing to keep in mind (and something we've harped on before at your favorite real estate blog), there is no one local market. In San Francisco, South Beach can be cool while NOPA is red hot. (This is, in fact, the case.) In Marin, Kentfield sales can be up 63% through November 20th while Novato sales are down 35% over the same stretch. (Also not a hypothetical example.) As always, our local market it more complex than any headline can capture.