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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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