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    Marin County Real Estate Tracker: August 2020

    Corcoran MarketTracker
    Corcoran
    We’re Running out of Houses
    Marin County’s hot market has been the talk of the news for several months now. July was no exception. With less than 1 months supply of inventory (MSI), and 320 homes going into contract (almost double
    July of 2019), July was record breaking. Even Luxury Properties are flying off the shelves. 25 properties sold for $3.5M or more in July 2020 compared to 8 in July 2019. That’s a 212% increase. The number
    of new listings has not changed much from that of July 2019, but the number of sales has increased by 40% July 2020 over July 2019.

    And, of course, with such a fierce seller’s market, median sales prices (MSP) are leaping up. July’s MSP was $1.55M, which is a 21.23% increase compared to July 2019. Since shelter in place alone, the MSP
    for Marin homes has jumped 15.83%.

    Why the Influx?
    It’s no surprise that homes offering outdoor space and additional square footage are popular during this pandemic. What is interesting is that Marin and Sonoma County are both so much more popular than
    other suburban areas on the Peninsula or in the East Bay. Perhaps this is due to the natural beauty, access to water, mountains, and other picturesque landscapes. It could also have to do with seeking out
    less Tech-oriented communities. Marin has always been a haven for families seeking some separation from the all-business-all-the-time tone of the city.

    Whatever the reason, now is Marin’s time to shine, and we can’t find houses fast enough to fulfill the growing desire to move in.

     
    All Marin


    Sold for $1,315,000


    23 Mohawk Avenue, Corte Madera
    3BR // 2BA // Listed for $1,395,000


    Sold for $770,000


    855 Diablo Avenue, Novato
    3BR // 2BA // Listed for $719,000


    Sold for $920,000


    421 El Faisan Drive, San Rafael
    3BR // 2.5BA // Listed for $950,000


    Sold for $3,677,000


    15 Oak Place, Belvedere
    4BR // 4.5BA // Listed for $3,777,000


    Newest Listings »

    Recent Sales »

     
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    David O'Brien
    Broker Associate GRI
    415.342.1968
    LIC# 01832087
    Deirdre O'Brien
    REALTOR
    415.948.3197
    LIC# 1990538
    Source: San Francisco Association of REALTORS® MLS (SFAR MLS). Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.

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