Marin Real Estate Market Report

 August 2022

The market shift that began a couple of months ago accelerated in July, with inventories increasing significantly as prices in the Marin real estate market begin to flatten out and in some cases decline. Homes that would have sold a few months ago with multiple offers for over asking are sitting on the market, and we are seeing more downward price adjustments than anytime in the last two years.

In July, we saw the number of homes for sale increase by 18.3% vs. July 2021, while the months of inventory (the time it would take to sell all the homes on the market at the current rate of sales) rose to a record 1.7 months. The median sold price, which has been trending up close to 10% a month, was almost flat to last year, up just one percent.

This is not a Marin-specific trend, but rather a bay area and national trend based on rising interest rates and an erratic stock market. Scroll down to see the full SF Bay Area market report. The highest price tiers saw the largest declines. In Contra Costa, Marin, and Santa Clara counties, in particular, sales activity plunged in the $3.5 to $5 million range.

What’s Happening in My World

My beautiful listing at 21 Edgewood Way in San Rafael closed for $2,135,000, while my listing at 118 Chula Vista Drive in San Rafael sold in three days for $85,000 over the asking price for $2,480,000.

There is newly-improved pricing for my listing at 26 Woodside Way in Ross. This breathtaking modern retreat in Ross was newly-constructed in 2019 and offers privacy, views and grandeur in a tranquil, bucolic setting. Exclusively offered for $6,995,000.

I am excited to announce my launch of 21 Bracken Court in San Rafael, a spectacular 4 BR/3 BA home in the Peacock Greens neighborhood of San Rafael. Offering over 4,100 square feet of living space on a private, level lot, this stunning home boasts an open floor plan with a large eat-in kitchen and expansive great/media room. Exclusively offered for $3,225,000.

How Can I Help?

These market reports are a great place to start, but let’s continue the conversation. I am always happy to discuss the market and the best way to approach buying or selling a home in Marin County or the greater Bay Area. Call or text me anytime at 415-847-5584.