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October Home Sales a Mixed Bag for Larkspur and Corte Madera

The median price for a home in Corte Madera in October 2012 was $890,000, up 17 percent over prices in October 2011. In Larkspur the median price was higher, $965,000 but that represented a 6 percent drop from the previous year.

The price data was released on December 13 by the San Diego-based real estate tracking firm DataQuick.

According to DataQuick, nearly 7,800 homes changed owners in October and the median price for a Bay Area home was $416,000.  Both Larkspur and Corte Madera saw increases in sales volume over October 2011.

The San Francisco Chronicle reports that the generally higher prices for homes are due to a confluence of tight supply, high demand and low interest rates on mortgage loans.

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Community Zip code Number Sold Percent Change Median Price Percent Change Highest Price Price per Square Foot Percent Change

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Larkspur 94939 11 10% $965000 -5.9% $1550000 $629 10%

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Corte Madera 94925 19 72.7% $890000 16.7% $1450000 $541 15.4%

More Larkspur real estate info:

           .        Homes for sale in Larkspur

           .        Rentals

           .        Home values

More Corte Madera real estate info:

           .        Homes for sale in Larkspur

           .        Rentals

           .        Home values

 

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