Marin County Real Estate Market Tracker – June

    Zephyr MarketTracker Zephyr
    Median Sales Price
    Avg. Days on Market
    # Homes Sold
    % List Price Received
    $1,420,000
    42
    167
    101.5%
    Marin, the county with rolling hills, breathtaking views, and excellent value—especially when compared to its neighbor across the Golden Gate.

    Up Up and Away!

    Across the county, single-family homes continue their appreciation, jumping to a median sales price (MSP) of  $1,420,000 in May. This is a 23.57% increase since May of 2015. This MSP does vary depending on where in Marin the home is located. The price gap between Southern and Northern Marin ranges from a low of $600,000 to almost $1,000,000.

    One interesting and potentially profitable feature of Marin real estate is the gap between condos and single-family homes: on average, Marin single-family homes sell for almost 50% more than their condominiums counterparts. In San Francisco this gap is only 30% and throughout California it’s an even narrower 23%. This difference between Marin and the rest of California could mean that there is more appreciation in the future of Marin County condos.

    Seasonality

    In Marin, seasonality plays a critical role in the real estate market. Over the last three years, May had the highest MSP for single-family homes. Condos follow a slightly different trend: while spring generally enjoys the highest prices, no one month stands out.

    By tracing the new listings of single-family homes, we can see that spring has the highest surge of new listings. The winter months, by comparison, produce about two thirds fewer listings. That said, in the winter, the number of pending sales actually exceeds the number of new listings. Apparently, winter does not slow demand.

    All Marin
    Sold for $580,000
    104 Stanford Way, Sausalito
    1BR // 1BA // Listed for $549,900
    Sold for $2,225,000
    1554 Grand Avenue, San Rafael
    4BR // 4.1BA // Listed for $2,275,000
    Sold for $1,200,000
    25 Canyon Road, San Anselmo
    3BR // 2.1BA // Listed for $1,195,000
    Sold for $373,000
    25 Lassen Lane, Novato
    2BR // 1BA // Listed for $379,000

    Newest Listings »

    Recent Sales »

    Happenings Around the Bay
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    All the little things really add up. The Center for Active Design recently published a new set of recommendations on 20 things every city can do to boost the quality of public life. Some lofty and some simple. How many are already in place around your neighborhood? Read More »»
    You don’t have to wait for public works to make those big improvements in your ‘hood. Check out this list of 25 small ways to make SF (or any city) a better place. It’s easier than you think. 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.

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