Marin County home sellers have had a phenomenal year so far. Maybe it’s the new elementary school, the worsening traffic to the north, the nicer weather, and for a myriad of reasons, but the Twin Cities market is as hot as Marin gets right now. Which is pretty hot. Well priced homes in many areas have been flying off the market. But if the real test is how much people are willing to pay per square foot for a home, then the year to date the two of the strongest markets in Southern and Central Marin are Corte Madera and Larkspur.
In Corte Madera, homes year to date are selling for $672 a square foot, a 21% increase vs. a year ago. In Larkspur, homes are selling for $766 a square foot, a 25% increase vs. last year. That does not mean these are the most expensive markets in Marin- that would still be Ross, where this year buyers are paying an astonishing $1,042 a square foot for homes. Well, actually they are more similar to estates, with an average size of 3,034 sq feet.
Mill Valley also saw a big jump, with price per square foot rising 19% to $731 a square foot.
Why the big increases in these two towns? In a word, value. Relative to neighboring towns prices have historically been much lower there than in the neighboring communities of Mill Valley, Tiburon, and Kentfield. Yet commute times to the city are similar, school districts are also excellent, and many believe the weather is better on the Corte Madera-Larkspur side of the ridge, with less fog and warmer temperatures.
Our candidate for value right now is Greenbrae, where price per square foot is actually down slightly from last year at $577 a foot. But the Bacich School District is excellent, proximity to the freeway and the Larkspur ferry outstanding, and Bon Air Shopping Center provides most of the amenities anyone needs.
A close second would be San Rafael. School district scores there are lower, but there are so many young families moving in to the area we expect that trend to improve. And we love the corridor north of San Pedro Road. Country Club, Loch Lomond, Glenwood, and Peacock Gap al have great weather, commutes, and communities!
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