Earlier this week economist Leslie Appleton Young presented to the Marin Association of Realtors that, "Excessive asking prices are having an outsized effect on high cost markets such as Marin County.  In the upper end are unrealistic sellers who are nostalgic for the boom years. And, the Marin Real Estate market may take several years to recover from it's recent slide.  While demand has cooled for high end properties, there is still a strong appetite for so called "distressed" properties whose sellers are financially struggling or have stopped paying their mortgage."
    Young suggests that there are two Marin Real Estate markets: Distressed properties versus Non Distressed properties.
     A local realtor commented that, "It's like your operating in two different worlds," refering to the difference between distressed and non-distressed properties. 

For the whole Marin Independent Journal article click:  Marins Two Real Estate Markets