A place for residents of Marin County, CA and others to express their views regarding the real estate bubble and in particular the Marin real estate market
Wednesday, December 31, 2008
Price Decline from Peak
I found the following graphic over on Mish's blog. Please check it out for the whole story.
A -44.55% decline from the peak in single family residence prices in the San Francisco Bay area in just 18 months! Anathema!
Friday, December 19, 2008
November YOY Results for "Immune" Marin
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From the Marin IJ:
Another month of plummeting home sales in Marin included a price drop of nearly 30 percent from November 2007, as discounted foreclosure sales continued to drive the Bay Area market. The median price of a single-family home in Marin last month was $790,000, down from $975,000 last year, MDA DataQuick reported Thursday. In October, the median single-family home price in Marin was $850,000. Realtor Peter Harris in Novato said bank-owned properties and short sales have made up about 85 percent of his business over the past year. ‘Prices are half of what they were,’ Harris said. ‘Condos are selling in the low $100,000s. We haven’t seen this for a long time.’From DataQuick:
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