Marin County Real Estate: Are we at the bottom?
One question that is on most of our minds regarding real estate is...are we at the bottom yet?? Though no one has a crystal ball there are indicators that are saying that there is a good chance we are. If you have been standing on the side lines wondering when to jump in, this may be your opportunity. To give you an example, Novato in 2000 the median price for single-family home was nearly $479,000 and in 2009 that same house is $541,000, an increase of $62,000 in ten years. During this 10 year period this house spiked to $830,000 then down again to $541,000. However, in areas like Sausalito in 2000 a median home was $1.03M, skyrocketed to $1.45M in 2007 and now is at $1.1M. In San Rafael in 2009 the median price of a home was $702,000 sold ten years ago for $670,000 though in 2003 that same house sold for $885,000.
Interest rates are still very low with many tax incentives. Some of these incentives will be ending in the Spring. So if you are ready to start looking for your home now, I am here to assist you with this process. Give me a call or email me with any questions you might have at the information below. I look forward hearing from you!