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Marin County Real Estate Tracker: July 2020

Corcoran MarketTracker
Corcoran
The Big Bounce Back
Phenomenally, all of the statistics—median sales price, days on market, percent of list price received, and more—are outperforming pre-pandemic times. All, except inventory; the number of units for sale
is actually down.

Last month, we talked about an emerging sellers market in Marin. That market has increased with a vigor; as a result, the median sales price (MSP) is holding strong. If we examine only June sales, despite
lower inventory than June 2019, June 2020 has had more sales in all 10 of Marin county’s main cities. The number of days on market has also been steadily decreasing. Faster sales mean more pressure for
buyers to make a decision as well as incentive for them to craft enticing offers.

A Closer Look at Condos
Condos in particular have taken a leap in MSP. This quarter, they reached an all time high of $716K. Perhaps the city dwellers relocating from San Francisco to Marin are accustomed to condo living. Marin
condos often provide more space, particularly outdoor space, than that of their San Francisco counterparts. The lower price point could also be enticing to first time buyers who are unable to buy in San
Francisco.

Moving Forward
Based on the current market, many would say that Marin has already made a full recovery from the effects of the Pandemic. We will keep watching that lowered inventory. It may be a sign that potential
sellers are committed to sheltering in place right where they are. Or, perhaps they are watching the prices rise and waiting for the right time to join the party.

 
All Marin


Sold for $618,000


17 Deuce Court, Fairfax
2BR // 2.5BA // Listed for $618,000


Sold for $1,165,000


327 C Street, San Rafael
BR // .5BA // Listed for $1,125,000


Sold for $2,000,000


60 Roberts Drive, Inverness
3BR // 3.5BA // Listed for $1,850,000


Sold for $3,650,000


1 Winwood Place, Mill Valley
5BR // 2.5BA // Listed for $3,395,000


Newest Listings »

Recent Sales »

 
Happenings Around the Bay


Pack the popcorn, grab a blanket and hop into something cozy. While this summer looks different from years past, communities around the bay are taking action to keep you entertained. Visit one of these
Bay Area drive-in movies to stay socially distanced, but still getting you out of the house to have some fun!

Read More »»


There are known health benefits to gardening, even indoor gardening. While plants won’t cure coronavirus, they can improve your mental health if you’re feeling cooped up these days. Stumbled upon plants
in your home or garden that you’re unsure how to maintain? Snap a pic and use your smartphone to identify them.

Read More »»


Now is the perfect time to hop on that trail that you’ve always wanted to visit. It’s no secret the Bay Area offers an abundance of outdoor perks. Inside this link, you’ll find five short trails with
killer views. Insider Tip: Venture out at sunset for an enhanced view.

Read More »»
 
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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