Marin Community and Real Estate Market Update - 10/16
October 16, 2020
Median house sales prices in Marin were up by a stunning 21% in the third quarter of 2020, as compared to the third quarter of 2019. Median sales prices can rise because of increases in fair market value (buyers paying more money for the same home) and/or because buyers are purchasing larger, more expensive houses. Both dynamics are currently at play, but affluent and very affluent buyers have made up a significant and increasing percentage of the demand in Marin and Bay Area markets