Archive for category: Market Reports

December is traditionally a slower month in Marin real estate and this year we did see a return to normalcy with fewer transactions taking place than last year at this time. The median sold price of $1.55mm was up 10% vs. December 2020. There were only 45 homes on the market in Marin in December, a 64% drop from this time last year. Read more here.

In September we saw the median sold home price in Marin County increase by 11% vs the same month last year to $1,723,000. The number of homes for sale decreased by 26% vs. September of 2020. We continue to see a very active market in Marin, but there are great opportunities for those who are prepared for it. Smart buyers are pre-qualified, well-educated on the market and can move quickly. Pre-emptive offers have become more common as buyers try to “lock up” a house before it is fully exposed to the market. Smart sellers prepare their homes for sale with staging, painting and in some cases remodeling. Just because it is a sellers’ market doesn’t mean that a poorly-prepared or marketed home will command top dollar.

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.

In December we continued to see significant price appreciation in the Marin real estate market, with the median home price up almost 12% and the supply of homes for sale down 41% compared to the same time last year. The average price per square foot was up to $830, just shy of the record of $835 set in October 2020. Read more here.