Located at the northern end of the Bay Area in California, Marin has shown some major improvements in its real estate market throughout the past year.  The Bay Area has shown increases in both the number of home sales and median sales prices, and Marin has shown even greater improvements in its number of home sales, while falling just short of the average increase in median sales prices for the Bay Area.  Real estate experts have very optimistic views of the future of the Bay Area real estate market, as well as that of the Marin real estate, especially with incentives for prospective home buyers such as more affordable housing options, the federal tax credit for first-time homebuyers, and an increase in the credit available for homebuyers.

According to DQNews.com, the Bay Area in California posted major improvements in its real estate market during the year of 2009, with home sales being the strongest seen in three years.  The Bay Area real estate was struggling prior to the economic recession that began in the fall of 2008, and the recession only worsened the real estate struggles that actually began in 2007.  The Bay Area posted a total of 7,828 new and resale house and condo sales, which was a 13.8 percent increase from that of the previous month and a 13.6 percent increase from that of the previous year.  Marin real estate posted an even greater increase in home sales between 2008 and 2009 by 60.6 percent.  The Bay Area’s median sales price increased by about 15.20 percent between December of 2008 and 2009, while Marin’s median sales price increased by a slightly smaller value of 12.90 percent during the same time period.

The Contra Costa Times also reported on the recent improvements in Marin’s real estate market through its increases in both its home sales and median sales price.  During December of 2009, Marin posted a median sales price of about $755,000 for a single family home, a 12 percent increase from the $675,000 average posted in December of 2008.  The median sales price for a condo in Marin was $319,500 in December, an increase from the $301,000 median from that of the previous year.