In the tumultuous landscape of the real estate market in 2023, Marin County faced a wave of challenges, from soaring interest rates to market uncertainties and a scarcity of property listings. However, as we delve into the Q4 data, signs of positivity emerge revealing promising trends that signal a potential turnaround for the county’s real estate market.
Read MoreIn Q3 2023, the Marin County median home price fell 11% quarter-over-quarter and 9% year-over-year. As interest rates continue to climb and home insurance becoming more expensive and challenging to obtain, Marin County home prices haven't been able to sustain the rapid price growth experienced in 2021 and 2022.
Read MoreDespite facing challenges like higher interest rates, reduced inventory, inflation, economic uncertainty, and high-tech sector layoffs, Marin County real estate has shown noticeable resilience in 2023. Join us as we dive into pricing trends and offer an outlook for this ever-evolving market.
Read MoreThe Marin real estate market has been experiencing some noteworthy shifts in recent months. While the first quarter of 2023 saw a decline in sales compared to the previous year, it is important to consider the broader factors influencing the market.
Read MoreThe real estate market experienced a shift in trends in 2022. The high demand from 2021 persisted through the traditionally slow holiday season and the first half of 2022. However, various factors such as…
Read MoreThe third quarter of 2022 continued to see a slowdown in the market, however, Marin County is proving to be more resilient than other Bay Area counties.
Read MoreAfter nearly two years of the hottest real estate market we’ve ever seen, the Marin market is starting to show signs of cooling down.
Read MoreThe Marin County real estate market had a banner year in 2021 with the busiest spring on record, followed by a holiday slowdown. The reason for the slowdown appeared to be a lack of inventory more than a lack of demand. In fact, in 2021, there were more documented residential sales in Marin County than in the past decade. The median sales price for single-family houses increased 16.3 percent as a result of the increased demand.
Read MoreIn the third quarter of 2021, the Marin County market experienced some minor price cooling after what can only be described as the hottest housing market on record.
Read MoreFor the first time since the pandemic began in March 2020, the Marin County market experienced it’s typical seasonal summer-slowdown after a fast paced Spring selling season.
Read MoreIt's hard to believe that we're already in November and buyer demand has yet to show signs of slowing down. September and October are often our busiest Fall months and this year was certainly no different…
Read MoreIt's hard to believe that we're already in November and buyer demand has yet to show signs of slowing down. September and October are often our busiest Fall months and this year was certainly no different…
Read MoreWe've had a profoundly busy Summer as the Marin real estate market continued its pandemic-defying rebound in July, with substantial pricing increases and homes trading at a rapid pace. The median price of a single family home hit $1.5 million last month, a year-over-year increase of nearly 25% since July 2019.
Read MoreIt's no secret that life in San Francisco has changed. Cooped up and concerned about the post-COVID future, we're getting daily inquiries from city renters and owners ready to make the move to the suburbs in search of more space, yards and easier access to the outdoors. However, the low supply of inventory is severely limited to meet the new buyer demand and sellers who choose this moment to list are experiencing record breaking buyer interest and sales prices.
Read MoreAnd we’re back! Even though the shelter in place mandate is still underway, the Marin real estate market is bouncing back with over 75+ new listings hitting the market in the past week. Though the Marin April median house price declined a little year over year (after 3 months of increases), too much should not be made of one month’s data – Marin’s monthly median sales price often fluctuates without great meaningfulness.
Read MoreWhile the real estate market has certainly slowed down over the last few weeks with significantly fewer new listings on the market than our typical Spring season, we've been very active helping our clients buy and sell homes during this time. We've represented eight families and couples buying or selling homes since mid-March when shelter in place (SIP) began, three of which have already closed escrow.
Read MoreAs the real estate industry continues to change, we are dedicated to helping our community of homeowners, buyers and sellers safely work through the ongoing coronavirus pandemic. The data below will help keep you updated on market activity. Changing regulations are impacting our strategies to safely, legally and successfully sell homes during this time and we are continuing to guide our clients to succeed in this market while minimizing risk.
Read MoreToday we’re facing two very large, uncertain forces – the coronavirus and the stock market. We can’t halt the global spread of infectious disease or dictate the direction of the Dow, but can we can offer thoughtful guidance to our clients to make wise decisions in a changing environment.
Read MoreGenerally speaking, after years of high appreciation rates, annual 2019 Bay Area median home prices basically remained unchanged as compared to 2018. Marin is one of the markets that ticked down, though the message is more mixed when looking at individual city price trends.
For 2020, economist Ken Rosen at UC Berkeley has said he expects the Bay Area median price to remain flat, within a general range of up or down 2% - in other words, similar to what happened last year. We can’t predict the future, but that doesn’t sound unreasonable, and happily avoids the sensationalism of many other media-grabbing forecasts.
Read MoreHome sales activity in Marin County in the second quarter picked up solidly compared to the challenging start to the year. And while overall sales still trended slightly below last year’s second quarter, sales of homes priced above $2 million saw a stronger rebound finally falling in line with last year’s sales.
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