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Big Home Prices Don't Deter

House Hunt May 6: Coldwell Banker reports the luxury home market is picking up in Marin County.

Home sellers have reason to smile as Marin County's luxury housing market is getting a lift in 2012, according to a new report by Coldwell Banker Residential Brokerage.

The brokerage reports that both sales and the median sale price of million-dollar homes rose last month.

The report states:

A total of 48 properties sold for more than $1 million last month, up from 44 in February and 33 in January. The median sale price of a luxury home also soared 15.3 percent from the previous month to $1,525,000.

“Marin's luxury market continues to gain momentum in 2012," said Rick Turley, president of Coldwell Banker Residential Brokerage. "The demand for high-end housing in the county – just like other parts of the Bay – continues to strengthen along with the economy and financial markets. Our only challenge is that we don't have enough homes to sell."

Featured Listings:

109 Oak Avenue, Kentfield; Listed at $3,695,000; 6 Bed, 5 Bath; 4,417 sq. ft.

25 Manor Drive, Kentfield; Listed at $2,395,000; 4 Bed, 4.5 Bath; 3,445 sq. ft.

30 Elm Avenue, Larkspur; Listed at $1,975,000; 4 Bed, 2 Bath

71 Hatzic Court, Larkspur; Listed at $824,000; 3 Bed, 2 Bath; 1,512 sq. ft.

94 Meadow Valley Road, Corte Madera; Listed at $649,000; 3 Bed, 2 Bath; 1,110 sq. ft.

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