The Marin County Median Home Price Hits a New High at $1.5M with Low Inventory and Increasing Buyer Demand
We'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. Inventory remains incredibly low creating bidding wars amongst buyers as we continue to see residents fleeing San Francisco in search of a larger space, yards and easier access to the outdoors. In a typical market, desirable properties enter contract within 7-10 days of hitting the MLS. Today, we're seeing homes going pending within 3-7 days with many buyers defying sellers wishes to wait for an offer date by submitting aggressive, pre-emptive offers that seller's can't refuse. Needless to say, it's a competitive market but we've quickly adapted to new strategies to help our buyers win the homes they love.
If our buyers really love a home, we go get it.
Take a look a few recent transactions where we strategized with buyers to win them their dream homes:
Pending | 7 Meyer Road, San Rafael
4 Bed | 3.5 Bath | Sold
Our buyers had to have this home and didn't want to compete for it. After one day on the market we wrote a strong preemptive offer that the sellers couldn't refuse.
Sold | 21 Loma Linda Avenue, Ross
3 Bed | 2.5 Bath | $2.45M
Originally in 3rd place among 6 total offers, we were able to strategically improve our offer through careful communication with the listing side to win our clients their dream home.
Pending | 270 Corte Colina, Novato
4 Bed | 2 Bath | Sold
Competing with 4 offers on the offer date, the top two offers received multiple counters and we coached our clients to get where they needed to go to win it.
Pending | 617 Trumbull Avenue, Novato
3 Bed | 2 Bath | Pending
Receiving a total of 10 offers, we helped our clients win the home by writing a clean, non-contingent offer without having to be the highest offer in price!
Sold | 246 Morning Sun Avenue, Mill Valley
3 Bed | 2 Bath | Sold
Our clients prevailed amongst 5 other offers because of how we wrote their terms while working hand-in-hand with a top, local lender. We weren't even the highest in price!
Pending | 127 Oak Knoll Avenue, San Anselmo
3 Bed | 2 Bath | Pending
After only two days on the market, we helped our clients submit a compelling preemptive offer that won our clients their dream home in Yolanda Park.
It pays to prep your home with us. If one thing is clear in this market, buyer's want turnkey.
Take a look at a few of our recent listings that experienced incredible selling prices through proper home prep:
Sold | 139 Tiburon Blvd, San Rafael $1.5M
Listed at $1.349M, this stylish, turnkey, 1,980 square foot residence with stunning views received 4 offers after only five days on the market and closed at $1.5M - 11.2% over the asking price. With $30k into refinishing the floors, painting and staging, the sellers successfully sold their San Rafael home for top dollar using our concierge service to cover all home prep expenses at zero interest.
Sold | 11 Allensby Lane, San Rafael $2.690M
Listed at $2.550M, we helped the sellers of 11 Allensby prep and market their stunning home that received three great offers and sold for $140k over asking.
Sold | 1227 Waterview Drive, Mill Valley $1.740M
With $25k into painting, staging and new light fixtures, 1227 Waterview was strategically listed at $1.495M. This remodeled 2 bedroom, 2.5 bath, 1,580 square home with stunning Bay views received 4 offers after 5 days on the market and sold for $240k over asking, breaking a price per square foot record in the neighborhood at $1,101 per sqft!
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Thinking about selling your home?
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We are ready to help! If you've been thinking about selling your home, it couldn't be a better time to take advantage in this surge of buyer demand. Reach out for a complimentary in-home consultation to discuss your homes value and strategize on selling for the highest possible price.
