Real Estate Report presented by Information Designs

September 2017 Report

Single Family Homes in Marin County, All Cities, All Neighborhoods Change >


Median Price
$1,314,000
+7.3%
Average Price
$1,567,810
-5.4%
No. Sold
153
-18.6%
Pending Properties
185
+12.8%
Active
294
-13.0%
Sale/List Price Ratio
101.7%
-0.8%
Days on Market
51
+4.3%
Days of Inventory
58
+6.9%

Market Barometer

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Market Commentary

Home Prices Bounce Back

After reaching an all-time record high in April at $1,325,000, the median price for single-family, re-sale homes in Marin County drifted downwards for the next three months. But, in August, things turned hot, including the weather!

The median price for homes jumped almost $100,000 from July. It was up 9.5% year-over-year. The median price for condominiums gained 3%.

Home sales, meanwhile, were down 8.9% from last August. Year-to-date, home sales are off 1.1%. Condo sales were down 6% and are down 2.4% year-to-date.

Homes are selling quickly, taking only fifty-one days from coming onto the market to when they go under contract. The average since January 2009 is eighty days. Condos are selling in thirty-six days, whereas the average is eighty-three days.

The sales price to listing price ratio stayed over 100% for the seventh month in a row: 101.7%. The ratio for condos is 102.7%.

Inventory continues to be abysmal. It is less than half the average since 2007. As of the 5th of August, there were two-hundred and ninety-four homes for sale. We average six-hundred and eighty!

This is reflected in our Days of Inventory statistic which is fifty-eight. The average is one-hundred and eighteen.

If you would like to know what’s going on in your neighborhood, click on the Recent Sales & Listings link. That will tell you what is for sale, what has sold and what is pending in a radius around your home.

Prices & Sales

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Days of Inventory

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Sales to Date

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Sales Price Ratio

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