The Marin Housing Market Accelerates Moving into Spring |
The Spring market has begun with many more listings becoming available – 13% more than this time last year. Demand still outweighs supply and Sunday open houses are packed with buyers. Even so, the market year to date has been a bifurcated one, in that while many homes are getting multiple offers and closing over the list price, some homes are sitting for weeks with no offers. In many cases, the culprit is too high a price. Many factors continue at play - a rebound in repressed buyer demand, the low inventory of homes for sale, the significant drop in interest rates since autumn, a surge in consumer confidence, financial markets hitting all-time highs, and a growing confidence that the Bay Area is going to be the center of the next big technology boom (AI). The strengthening of the market is illustrated across a range of indicators included in this report, indicators that will almost certainly continue to improve in coming months. Spring is typically the most heated selling season of the year. |
Average Sales Price vs Orig. List Price
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CORTE MADERA
Median Price: $1,559,000 (-3.2% YoY) 4 sales (0 off-market sales) 1 sold over original asking price 1 sold after price reduction
2 sold with multiple offers 1 all-cash sale
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GREENBRAE Median Price: $1,850,000 N/A YoY) 3 sales (0 off-market sales) 0 sold over original asking price 2 sold after price reduction
2 sold with multiple offers
1 all-cash sale
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KENTFIELD Median Price: $2,473,000 (-21% YoY) 2 sales (1 off-market sale) 1 sold over original asking price 0 sold after price reduction
1 sold with multiple offers 0 all-cash sales
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LARKSPUR Median Price: $2,855,000 (-5.3% YoY) 5 sales (0 off-market sales) 3 sold over original asking price 1 sold after price reduction
3 sold with multiple offers 4 all-cash sales
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Median Price: $1,840,000 (+5.8% YoY) 10 sales (1 off-market sale)
5 sold over original asking price 4 sold after price reduction
5 sold with multiple offers 5 all-cash sales
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NOVATO
Median Price: $1,305,000 (3.6% YoY) 18 sales (1 off-market sale)
9 sold over original asking price 3 sold after price reduction
12 sold with multiple offers - 7 all-cash sales
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SAN ANSELMO Median Price: $1,486,000 (13.4% YoY) 6 sales (1 off-market sale)
5 sold over original asking price 0 sold after price reduction
4 sold with multiple offers 3 all-cash sales
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SAN RAFAEL Median Price: $1,605,000 (32.1% YoY) 21 sales (4 off-market sales)
10 sold over original asking price 2 sold after price reduction
10 sold with multiple offers 5 all-cash sales
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SAUSALITO Median Price: $2,650,000 (-28.4% YoY) 3 sales (1 off-market sale) 2 sold over original asking price 0 sold after price reduction
2 sold with multiple offers 2 all-cash sales
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TIBURON
Median Price: $4,988,000 (80.2% YoY) 2 sales (1 off-market sale) 0 sold over original asking price 1 sold after price reduction
0 sold with multiple offers 0 all-cash sales
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If you're looking to buy or sell a home in Marin, I'd love to help!
Give me a call at 415-531-4091 or email Jane.Richmond@Compass.com
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Oh by the way... I appreciate & will take excellent care of any of your referrals. |
Jane Richmond DRE# 00709300 |
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Compass is a real estate broker licensed by the State of California operating under
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1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material presented
herein is intended for informational purposes only and is compiled from sources deemed reliable
but has not been verified. Changes in price, condition, sale or withdrawal may be made without
notice. No statement is made as to accuracy of any description. All measurements and square
footage are approximate. Equal Housing Opportunity.
Photos may be virtually staged or digitally enhanced and may not reflect
actual property conditions.
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