Marin County Real Estate Market Report April 2023
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Marin County Real Estate Market Report April 2023 | Latest News

The big story in the Marin Real Estate market so far this year is that new listings are down significantly from the same time last year as the median home price continues to decline. In March the median sold price was down 12% to $1.2mm compared to March 2022, while there were only 261 homes on the market, down 45% from the same time period Read more here.
March 2023 Marin County Real Estate Market Report
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Marin County Real Estate Market Report March 2023 | Latest News

The Marin real estate market continued to slow with the median home price down to $1.2mm in February, down 8% compared to February 2022. At the same time, the number of homes on the market is down 50% compared to the same time last year as some sellers wait on the sidelines hoping for a return to the boom market that took off during the early stages of the pandemic. Typically March is the start of the big spring real estate season and instead of a flood of new listings we are seeing just a trickle. Read more here.
February 2023 Marin County Real Estate Market Report chart
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Marin County Real Estate Market Report February 2023 | Latest News

The market continued to slow in January, with the median home price down 17% vs. January 2022 to $1.1 million. Days on market jumped considerably to 62, up 35%, while the months of supply of homes for sale nearly doubled from the prior month. There were 46% fewer homes on the market in January 2023 compared to January 2022. Read more here.
January 2023 Marin real estate market report chart
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Marin County Real Estate Market Report January 2023 | Latest News

Happy New Year! 2023 began with a bang in Marin County with record rainfall and one storm after another, replenishing our reservoirs and inflicting misery on those suffering its effects. The real estate market in December, while sleepy, set an interesting tone for the year. For the first time in as long as I can remember, the median home price declined. It was down 4% compared to December of 2021 at $1.3mm. The number of homes for sale also dropped 26% to 220 and the homes on the market were taking longer to sell, up 33% to 48 days on market. Read more here.
110 Cabro Ridge Novato front exterior

Ten Most Expensive Homes Sold in Marin County in 2022 | Complete List

The most expensive Marin County home sold in 2022 sold in Belvedere for $19,500,000, down significantly from 2021's top sale of $28,100,000. Six of the top ten were sold in the first half of the year, before rising interest rates and a declining stock market took their toll on the overall market.
December 2022 Marin County Real Estate Market Report Chart with median sold price and days on market
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Marin County Real Estate Market Report December 2022 | Latest News

Happy holidays! As the year draws to a close, we continue to see a market which is very different than what we saw earlier this year. It is still a strong market, with median pricing up 11% vs the same time last year to $1.47 million. However we are seeing more price cuts with homes taking longer to sell. Read more here.
How to Respond to Low Offer on Home photo of home

How to Respond to A Low Offer on Your Home | Real Estate Advice

A low offer on your home may not be the end of the deal but instead can be the beginning of the sale. Read more here about how to respond to a low offer on your home for sale.
Marin County Real Estate Market Report key metrics graph November 2022
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Marin County Real Estate Market Report November 2022 | Latest News

Marin County bucked the SF Bay Area trend, registering as one of only two counties to see continued price appreciation in October vs. the same month last year. Median home pricing was up 4%, while the number of homes was flat to the same time last year. We did see the average home price decline close to 7%, indicating a softening at the higher end of the market. Read more here.
Leaves being cleaned from a gutter for Marin winter storm preparation guide article

Marin County Winter Storm Preparation Guide | Winter Storm Checklist

Marin County winter storm season is right around the corner - are you ready? While winters in Marin County are not as severe as in other parts of the country where residents must contend with snow and months of freezing temperatures, we do receive a fair amount of rain and on occasion extreme cold and some high winds. I advise my friends and clients to take a few precautions in the relatively mild weather of the fall before the winter rains begin.
October 2022 Marin County real estate market report graphic
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Marin County Real Estate Market Report October 2022 | Latest News

The market slowdown that began in the middle of this year continued in September, with the number of homes for sale in Marin rising from 346 to 449 and months of supply up 21% compared to the same time last year. Median pricing resumed its upward climb, with the median up 5.4% compared to prior year. Read more here.
Marin county real estate market report September 2022
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Marin County Real Estate Market Report September 2022 | Latest News

In further evidence that the market is slowing from its frenzied peaks, we saw the median home price in Marin County decline 3.4% versus the same time last year to $1,754,000. Homes took longer to sell in August, up 7% to an average of 32 days. There were about 36% fewer homes on the market, perhaps reflective of all the people on vacation last month. It seemed like all my friends and clients were in Portugal! Read more here.
Marin real estate market report august 2022 graphic
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Marin County Real Estate Market Report August 2022 | Latest News

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. Read more here.
July 2022 marin county real estate market report graphic
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Marin County Real Estate Market Report July 2022 | Latest News

We saw something in last month’s numbers that we have not seen in more than a year – the number of homes for sale and the months of inventory (how long it would take to sell all the homes on the market if no additional homes were listed) both increased versus the same time last year. There were 256 homes on the Marin real estate market in June - a 29% increase from last year and the most homes for sale in the past 14 months. Read more here.
June 2022 Marin County Real Estate Market Report graphic
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Marin County Real Estate Market Report June 2022 | Latest News

May was another busy month in the Marin County real estate market with increased pricing and continued low inventories. The median home price was $2.6mm, up 18 % vs. the same month last year, while home inventories were down by 14%. However real estate agents are all talking about a subtle shift that they see occurring in the market and speculating on potential drivers of this change.
May 2022 Marin County real estate market report chart
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Marin County Real Estate Market Report May 2022 | Latest News

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. Read more here.