Skip To Content

Marin Market Update

Zephyr MarketTracker Zephyr
Median Sales Price
Avg. Days on Market
# Homes Sold
% List Price Received
$1,252,500
47
548
98
MARIN: YEAR IN REVIEW

Prices are up! The median sales price (MSP) of single family homes has gone up 14.3% from last year, outpacing growth in San Francisco. The MSP of condos is up 11%, and condo inventory is down by 33% from 2016.

Speaking of inventory, it has been dropping for years now. (2018 has begun the same way.) Low inventory continues to fuel price increases. The months supply of inventory, which is the amount of time it would take to sell all existing inventory, took a nose dive in December, ending at 1.3 months supply. Six months supply is considered an equilibrium, and more than that is a buyer’s market. We are in a clear, strong seller’s market, so it’s a great time to sell!  Though it’s impossible to time the market, we find it hard to imagine better market conditions for the savvy seller.

TAXES, TAXES, TAXES

Here’s the skinny on the new taxes:

* Property tax deduction will be capped at $10,000 on 2019 filings.

* Taxpayers may only deduct the interest they pay on the first $750,000 of debt they carry on their primary residence.  However, the lower cap will not apply to loans existing on or before December 14, 2017.

* Interest on debt owed for new home equity loans and second mortgages is, generally speaking, no longer deductible.

The good news is that buyers appear to continue to see the value of home ownership beyond the limitations on tax benefits.

BOOTS ON THE GROUND

Nothing beats the intelligence provided by boots on the ground. Knowing this hyper-local market as we do, we can help you navigate the nuances. Team O’Brien sold 29 homes last year for over $23,000,000 million in volume representing both buyers and sellers. We have are fingers on the pulse of the market. We would love to hear your questions, or help you with an evaluation of your property’s value.

All Marin
Sold for $1,525,000
16 Marin Bay Park Court, San Rafael
4BR // 3.1BA // Listed for $1,694,000
Sold for $3,495,000
5 Calle Del Sierra, Stinson Beach
6BR // 4BA // Listed for $3,295,000
Sold for $1,135,000
12687 Sir Francis Drake Boulevard, Inverness
3BR // 3BA // Listed for $1,225,000
Sold for $1,962,000
7 Saba Lane, Tiburon
3BR // 2.1BA // Listed for $1,950,000

Newest Listings »

Recent Sales »

Happenings Around the Bay
We finally have some snow, so now you can get out there and immerse yourself in the winter wonderland with this NorCal winter road trip. Read More »»
No need for a pricey gym membership. Make good on that New Year’s resolution to get more active with these picturesque outdoor workouts. Read More »»
Not into a snowy escape? From Mendocino to Big Sur, these charming coastal cottages may be just the retreat you’re seeking. Read More »»
David O'Brien
Broker Associate GRI
415.342.1968
LIC# 01832087
Source: Bay Area Real Estate Information Services MLS (BAREIS MLS). Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.

Trackback from your site.

Leave a Reply

*
*