Marin County Real Estate Market Report: December 2020

I am pleased to present my final Marin County Real Estate Market Report for 2020, and what a year it has been. As I write this, the pandemic is worsening around the country. Many of us have friends and family directly impacted by the  virus, and all of us are coping with more restrictive shut down orders. My thoughts are with all of you for a safe and healthy holiday season.

In November, we saw a continuation of a multi-year pattern here in Marin County – pricing continues to edge up vs. the same time last year and inventories are down. Overall, the median price increased by almost 15% versus last year to $1.8 million. It seems like only yesterday we passed the million dollar mark and now we are closing in on two million. The number of homes sold in November was up 30% versus November 2019.

Thankful for a Busy Year

Since real estate re-opened in June, I have been busier than any year since I started my real estate career. Fueled by record low interest rates, a booming stock market and the desire for the space that Marin affords, homebuyers have turned out in droves this year.

In November, I helped clients successfully buy homes in Novato and Corte Madera. My listing at 611 Fairway Drive in Novato closed for $3,025,000 which was one of the highest sales prices ever seen in that neighborhood.  setting a new record for that neighborhood. My listing 1932 Las Gallinas Avenue in San Rafael received 6 offers and closed for $1,315,000, well over the listing price. I am happy to help friends and clients find beautiful homes for the holidays!

Early in December, 53 Montecito Road in San Rafael went into pending status, while as I write this 26 El Portal in Sausalito just moved into escrow contingent status. My Mill Valley listing 125 Bayview Drive will also close this month. I will provide more information on these properties in next month’s Marin Real Estate Market Report. 

Keep an eye on my Marin Real Estate Blog for one of my most popular annual features – Marin’s most expensive homes sold in the past year. I always enjoy putting that article together!

What Are The Current Restrictions on Marin Real Estate?

The restrictions on real estate in Marin County were reduced but there are still some restrictions for everyone’s safety:

• No open houses or broker’s opens are permitted 
• Homes (both occupied and vacant) may now be shown after prospective buyers review disclosures and sign COVID-19 affidavits
• Seller may not be at home when it is shown
• All involved in showings must wear personal protective equipment (masks, gloves, etc) and avoid touching anything (railings, doorknobs, etc)
• Only two buyers plus one agent may attend showings

How Can I Help?

These 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.

Thank You for All Your Support!

I would like to take this opportunity to thank you again for all the support you have shown for my business over the past year. I truly love what I do, and I could not have done it without you.  Thank you.