Wednesday, January 17, 2007

Marin County housing prices: down 5%


The median price of a single-family home in Marin slipped to $855,000 in December, down 5 percent from the previous year and about 8 percent from November, an industry research firm reported Wednesday in the Marin IJ newspaper.

The December decline was the steepest in the nine-county Bay Area, where prices remained lodged in a generally flat pattern.

Marin County housing prices NEVER go down I thought???

3 Comments:

Blogger hemorrhoidforhousing said...

Prices have hit a plataeu and will sit for awhile. There was a very interesting article in the CC Times regarding the plummetting sales and stagnant prices. And as usual the article gave the last word to a Realtor so he could warn the "fencesitters" to not wait too long because we all know prices will continue back up in the spring

2:11 PM  
Blogger Marinite said...

I'll be writing up a total summary of the December results in a few days when all my usual sources of data come in.

But, yeah, LOL, there must be some mistake because Marin is God's country dontchaknow. We're special.

8:33 PM  
Anonymous Anonymous said...

Your bubble blog needs to acknowledge that my Marin home's value appears to be doing just fine and there may NOT be a bubble about to burst. Check out this progression of stories on the so-called "bubble":

Here's a headline from the IJ on 10/04/2006...."Prices of homes projected to plunge"

And here's the beginning of the article...

"Housing prices, slumping after a five-year boom, are projected to decline in more than 100 of the nation's metropolitan areas, including parts of the North Bay.

The forecast by Moody's Economy.com, a private research firm, presents one of the starkest views yet of the housing slowdown that has been gathering force in recent months.

Then check out this headline from the IJ on 01/18/2007...

"HOME PRICES FALL"
Marin has steepest decline in Bay Area for December
Gary Klien
Article Launched: 01/18/2007 12:12:38 AM PST

The article states:
"The median price of a single-family home in Marin slipped to $855,000 in December, down 5 percent from the previous year and about 8 percent from November, an industry research firm reported Wednesday.

The December decline was the steepest in the nine-county Bay Area, where prices remained lodged in a generally flat pattern, according to the research firm, DataQuick Information Systems of La Jolla. In the Bay Area overall, median single-family home prices rose 1.9 percent."

But then, on 2/16/07, they write:

MARIN HOME PRICES JUMP TO $935,000
Gary Klien
Article Launched: 02/15/2007 11:30:33 PM PST

"The median price of a single-family home in Marin increased 7.6 percent last month - to $935,000 - over the previous January, even as prices remained flat across the nine-county Bay Area, a leading research firm reported Thursday.

The overall median, including condos and townhouses, was up 10 percent over the previous January, to $830,000, according to DataQuick Information Systems of La Jolla. Marin's overall performance was by far the strongest in the Bay Area.

The median price is the point at which half the homes are more expensive and half less. Marin's record median for single-family homes was $979,000, set in April 2006.

9:53 AM  

Post a Comment

<< Home