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."
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.