Marin County Real Estate Market Report May 2020 | Trends & Market News

Welcome to my Marin County real estate market report for May 2020. As the shelter-at-home initiative continues, I wanted to take a moment to acknowledge what a challenging time this is for all of us and wish you all good health. Now to the numbers…

How Was April for the Marin Real Estate Market?

The April real estate numbers tell a tale of a market on “pause” but with some very strong signs of life. The home inventory numbers (homes for sale) are down 43.5% vs. the same time last year, but average days on market decreased by 15%, meaning that the homes that are on the market are selling faster than they were this same time last year when there was more selection for buyers. The median home price in Marin increased by 1% telling us that pricing is holding given the diminished supply.

What I Am Seeing

As the stock market recovers, I am seeing the Marin real estate market recover from the COVID-19 dip. Whether these are temporary or more sustainable recoveries remains to be seen and will depend largely on how re-opening of businesses and workplaces goes. If we see a successful re-opening I would imagine we will continue to see a strong market, but the converse is true if we do not. I will leave that to the experts.

For now we are seeing a very active real estate market, with sellers and buyers both out in force. I am receiving calls daily from buyers who want to find a home, and from sellers who would like to list their homes. Many of my current buyers are from the city and are looking for the space and access to nature that Marin County provides.

Just Listed and Coming Soon!

As I mentioned above, there seems to be much pent-up demand in our market and I am starting to get very busy after the long pause in March and April. Newly launched are:

272 Fairhills Drive in San Rafael – A Gorgeous Mid-Century Modern with Mt. Tam Views & Pool

57 Loring Avenue in Mill Valley – A Newly-Constructed Modern Showplace

35 West Seaview Avenue in San Rafael – Boutique Resort Living on 2+ Acres w/ Mt. Tam Views & Pool

Also watch my website for a beautiful townhouse in Yountville (Napa), with walk-to-everything convenience, low maintenance and a gorgeous backyard living room with outdoor kitchen.

What Are The Current Restrictions on Marin Real Estate?

The restrictions on real estate in Marin County were recently 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.