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Marin County Real Estate Tracker: November 2020

Corcoran MarketTracker
Corcoran
Going North for the Winter
Marin continues to enjoy the migration of city dwellers across the Golden Gate. San Francisco and Peninsula transplants are seeking out larger homes and easier access to open spaces. Prospective homeowners who were considering the move to a warmer climate and improved school district have been catalyzed by the pandemic.

These newcomers translate into major growth in sales figures. The median sales price (MSP) for single family homes is up 6% since October 2019, and that of condos is up 13% since 2019. The number of homes going into contract in October tells the same story. We saw 210 October sales of single family homes in 2019, and 319 October sales in 2020. That’s a 51% increase! Condos went from 53 October sales in 2019 to 77 in 2020—a 45% increase.

Understanding Buyers
In order to understand the buyer pool relative to the selection of property being sold, we look at percent of list price received. In 2019, the percent of list price received was 97%. In 2020, we reached an even 100% for October. This means that buyers are feeling more competitive and placing higher bids.

 
All Marin


Sold for $629,000


924 Arlene Way, Novato
3BR // 2.5BA // Listed for $639,000


Sold for $880,000


175 Ignacio Valley Circle, Novato
3BR // 2.5BA // Listed for $895,000


Sold for $750,000


160 Professional Center Parkway, San Rafael
3BR // 2.5BA // Listed for $765,000


Sold for $2,900,000


18 Bayview Avenue, Mill Valley
3BR // 4BA // Listed for $2,895,000


Newest Listings »

Recent Sales »

 
Holiday Happenings Around the Bay


It seems like just yesterday they went back to school—how is it holiday break already? Don’t let all their newfound free time add to your holiday stress list. Here’s a list of eight simple activities to keep the season merry, bright and boredom free. Read on and rejoice!

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As with all things in 2020, the holidays this year just won’t be the same. The ongoing Covid-19 pandemic is not just keeping us inside but, for many of us, it means that annual trips back home or hosting the in-laws for festive feasts come Thanksgiving, Christmas, and Hanukkah will have to wait until 2021.

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In 2020, the season of gratitude and giving back feels even more important as so many are sick, hungry, out of work, and facing poverty in larger numbers than ever. As you’re preparing your feasts and thinking about holiday gifting this week, take the time to donate or volunteer to in-need nonprofits that are supporting and feeding vulnerable people around the Bay Area.

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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