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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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