I can't tell you how many real estate experts (including the CAR chief economist) have said “Oh, Marin, that’s different!”. While it’s true that foreclosures are up across the Nation and in some parts of California, the Bay Area in general is doing fine and Marin is doing especially well. WHY? The uniqueness of our marketplace is a huge advantage. The Bay Area is a world class destination with a diverse economy and physical barriers to growth (including the bay, bridges and mountains). Marin is exceptionally desirable due to its natural beauty, weather, great schools and proximity to San Francisco.
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Although the number of homes sold in Marin declined slightly by 3.4% over April 2006, the average price of homes sold for April was up 8.6% over 2006. Year to date, sales are virtually flat with 2006 while prices have risen 10.5%! Do I think it's a good time to flip a house? No, I tend to be con...