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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


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    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.

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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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