Marin Luxury Homes (October 2008)

October 27, 2008 by  

Nationwide, a chill has fallen on the luxury market as the financial debacle unfolds. Historically, many of the luxury homes and ultra-luxury homes sold in Marin County went to buyers who earned their livings in the financial sector. It appears that those buyers have stepped back from the market for the time being. Meanwhile, the number of such homes has increased, placing pressure on pricing. Indeed, even portfolio buyers have taken a wait and see approach…. Mill Valley again experienced the most luxury home sales (with 6).

[ … click HERE for the complete report courtesy of NorthBayRE.com].

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