Marin County Real Estate Market Report

May 2022

The Marin County median home sold price shot past the $2.5 million mark for the first time ever last month, hitting a record $2,665,000, which was up 30% from the same time last year. The average days on market also set a record – a record low of just 17 days on market, down from 25 days on average in April of 2021. The number of homes for sale in April 2022 was down 48% versus last April. 

This is in the midst of a war in Ukraine, rising mortgage interest rates and a stock market that is not for the faint of heart. According to this Forbes article, the Dow Jones is down nearly 15% in 2022, while the Nasdaq has dropped 29%. Every day we hear stories about a potential looming recession, skyrocketing prices, and now even baby formula shortages.

Yet, the real estate market marches onward and continues to be a great place to invest, driven by years of pent-up demand and a chronic shortage of inventory. I am not going to even try to predict what is next, but as far as the current environment here are my thoughts: some sellers have been waiting on the sidelines wanting to “sell at the top” (often a dangerous strategy) while other home sellers are concerned about their ability to buy something else in the area  in such a tough market.

In any event, let’s hope that the Federal Reserve’s attempted “soft landing” is successful and they can cool off the economy without sending us into a recession.

What’s Happening in My World

I have been working with a record number of buyers this year and have been able to successfully place them in their dream homes in most cases. For others, I continue to work on helping them achieve their goals. My clients were recently successful in purchasing 95 Irving Drive in San Anselmo which is a beautiful home on one of the most spectacular lots I have ever seen in Marin. The home sits on 3 pristine acres surrounded by open space with 360 degree views. The property closed for $4,750,000. It was a pleasure working with Allison Salzar on this transaction.

I also just sold my gorgeous off-market listing at 1009 San Anselmo Avenue for $1,750,000 the first day I showed it. The walk-to-town location and vintage charm were big selling points.

I am in for a busy summer with several exciting listings coming soon. The first is 501 Alameda de la Loma in Novato, launching this weekend for $1,695,000. It is a beautifully updated 3 BR/3BA home with a large, fenced backyard that includes a sparkling swimming pool. 

Other upcoming listings include a stunning, recently-constructed Ross estate, a beautiful Kentfield gated compound reminiscent of Provence and Montecito and the ideal family home in Corte Madera with 4 bedrooms and a level back yard.  

I’m also working on an incredible mid-century modern home in San Rafael with a pool and bay views that I will be co-listing with Nick Svenson at Sotheby’s International. 

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.