December 2020 Report
Single Family Homes in Marin County, All Cities, All Neighborhoods Change >
Average Price$1,931,430
+7.2%
Pending Properties147
-10.9%
Sale/List Price Ratio102.0%
-1.4%
Days of Inventory22
-46.4%
Trends at a Glance
| Trends At a Glance |
Dec 2020 |
Previous Month |
Year-over-Year |
| Median Price |
$1,422,500 (+1.6%) |
$1,400,000 |
$1,260,000 (+12.9%) |
| Average Price |
$1,931,430 (+7.2%) |
$1,802,090 |
$1,614,000 (+19.7%) |
| No. of Sales |
198 (-12.4%) |
226 |
133 (+48.9%) |
| Pending |
147 (-10.9%) |
165 |
73 (+101.4%) |
| Active |
144 (-54.6%) |
317 |
178 (-19.1%) |
| Sale vs. List Price |
102.0% (-1.4%) |
103.5% |
98.4% (+3.7%) |
| Days on Market |
50 (+30.8%) |
38 |
81 (-38.6%) |
| Days of Inventory |
22 (-46.4%) |
41 |
40 (-45.7%) |
Market Commentary
The median sales price of single-family, re-sale homes in Marin County rose 12.9% year-over-year.
The average sales price rose 19.7% year-over-year.
The sales price to list price ratio fell to 102% from 103.5%.
Sales of single-family, re-sale homes were up 48.9% year-over-year. That’s the six month in a row home sales have been higher than the year before. For the year, home sales are up 3.7%.
As of January 5th, there were 147 single-family, re-sale homes pending. The average since January 2007 is 97.
Inventory was down 19.1% year-over-year. As of January 5th, there were 144 homes for sale. We average 632.
Days of inventory fell to twenty-two from forty-one. The National Association of REALTORS® considers a balanced market to be 180 days. In Marin County, we have averaged 112 days since 2007.
Days of Inventory is an estimate of the amount of time it would take to sell all the current listings if no new listings became available. It is calculated by taking the number of homes for sale and dividing by the number of homes sold in a given time frame. We use last month’s sold number.
Homes sold in an average of 50 days from coming onto the market to when they go under contract. The average since January 2009 is 76 days.
The median price for condos rose 15.7%, year-over-year. The average price was up 20.8%.
Condo sales were up 41.7% year-over-year. There were fifty-one condos sold last month.
Condos are selling in 55 days. The average is 83 days.
The sales price to list price ratio for condos was 100.5%.
Condo inventory was up 8.6% year-over-year. There are 76 condos for sale.
If you would like to know what’s going on in your neighborhood, visit my on-line report and click on Recent Sales & Listings. That will tell you what is for sale, what has sold and what is pending in a radius around your home.