Posts in Market Update
From Record Highs to Resilient Lows: How Marin County Defied Expectations in Q4 2023 Real Estate

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.

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Q4 Marin Market Update: What happens when inventory is down and interest rates go up?

The 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.

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The Marin County real estate market rebounds dramatically as the pandemic has convinced some San Franciscans that it’s time to finally give up on city living

It'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.

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The Marin Market Bounces Back with 75+ New Listings this week!

And 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. 

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Are people actually buying and selling homes during shelter in place?

While 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. 

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Marin Market Update during Shelter In Place | April 2020

As 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.

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January 2020: Marin Market Update

Generally 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.

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