Archive for category: Marin Real Estate

Welcome to My Marin County Real Estate Blog! On this page I share Marin real estate market news and advice for both home buyers and sellers... and those that enjoy reading about real estate. Also you will find other Northern California…

In June, we saw a continuation of our multi-year trend in the Marin real estate market: pricing up and home inventories down compared to the prior year. The median price sold in June was up 27% vs. June of 2020, and the number of homes were down 36%. The supply of homes for sale did increase slightly in June vs. May. Read more here.

This is the first Market report of 2021 with figures compared to the pandemic lockdown period of 2020. If you will recall, we went under lockdown during the “longest month” as many referred to it -- March 2020. The real estate market completely shut down that month, and as a result this is the first month in a long time where home inventories are up 11% vs. that time period but still at record lows. Pricing continued its upward march, with the median sold price up 17.3% and average active price up 18% vs. the same time last year.

I was honored to represent two of the top six most expensive homes sold in San Rafael in 2020, one of which was THE most expensive home sold there. See the complete list here.

On November 3rd, California voters approved Proposition 19, a measure designed to give homeowners more freedom to change residences while closing tax loopholes on inherited properties. The measure, set to go into effect in early 2021, has two distinct parts, the first of which allows homeowners who are 55 or older, disabled, or lost their home in a natural disaster to transfer their tax base to a new home up to three times anywhere in California. The second part outlines the requirements for retaining tax basis in family transfers, which is now limited to transferring a primary residence to a child or grandchild for continued use as a primary residence. Learn more here.