Marin Real Estate Posts a Decline
Utilizing excerpts from a quote from the Independent Journal from December 27, 2016, Marin County was the only county in the Bay Area to post a decline in the market with a median home price falling by 14.2 percent over the past year. While typically the market sees a seasonal dip at the end of year, the presidential election may have also been a factor.
Rich Benson, the Marin County assessor, said, “the market would normally bounce up in the spring, but the arrival of the Donald Trump presidency makes the pattern less predictable.”
Sonoma County Real Estate Increases
Petaluma, just north of Marin County, and Sonoma County Real Estate both saw increases in median price when comparing Q4 of 2016 to Q4 of 2015. Although Petaluma’s average active price may have dropped slightly between the 2 quarters, it could be attributed to luxury homes adjusting to get sold. A much different and more positive trend than reported for Marin County.
To see charts depicting what we like to call “the money river running north”, download the full article now! Also, find out the status of real estate listings and closures for Petaluma and Penngrove so far in 2017.Download Article