September 2017 Report
Single Family Homes in Marin County, All Cities, All Neighborhoods Change >
Average Price$1,567,810
-5.4%
Pending Properties185
+12.8%
Sale/List Price Ratio101.7%
-0.8%
Trends at a Glance
| Trends At a Glance |
Aug 2017 |
Previous Month |
Year-over-Year |
| Median Price |
$1,314,000 (+7.3%) |
$1,225,000 |
$1,200,500 (+9.5%) |
| Average Price |
$1,567,810 (-5.4%) |
$1,656,830 |
$1,492,770 (+5.0%) |
| No. of Sales |
153 (-18.6%) |
188 |
168 (-8.9%) |
| Pending |
185 (+12.8%) |
164 |
63 (+193.7%) |
| Active |
294 (-13.0%) |
338 |
524 (-43.9%) |
| Sale vs. List Price |
101.7% (-0.8%) |
102.5% |
100.0% (+1.7%) |
| Days on Market |
51 (+4.3%) |
49 |
51 (+0.3%) |
| Days of Inventory |
58 (+6.9%) |
54 |
94 (-38.4%) |
Market Commentary
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.