January 2019 Report
Single Family Homes in Marin County, All Cities, All Neighborhoods Change >
Average Price$1,477,000
+1.7%
Pending Properties119
-28.7%
Sale/List Price Ratio99.0%
-1.0%
Days of Inventory49
-28.4%
Trends at a Glance
| Trends At a Glance |
Dec 2018 |
Previous Month |
Year-over-Year |
| Median Price |
$1,270,500 (+10.5%) |
$1,150,000 |
$1,328,750 (-4.4%) |
| Average Price |
$1,477,000 (+1.7%) |
$1,452,330 |
$1,524,260 (-3.1%) |
| No. of Sales |
112 (-18.8%) |
138 |
120 (-6.7%) |
| Pending |
119 (-28.7%) |
167 |
61 (+95.1%) |
| Active |
182 (-43.8%) |
324 |
188 (-3.2%) |
| Sale vs. List Price |
99.0% (-1.0%) |
100.0% |
102.0% (-2.9%) |
| Days on Market |
58 (+15.0%) |
50 |
53 (+8.4%) |
| Days of Inventory |
49 (-28.4%) |
68 |
47 (+3.7%) |
Market Commentary
The real estate market in the Bay Area continues to soften. The sales price to list price ratio in Marin County was at its lowest level in December since January 2018.
After peaking for the year in April at 104.6%, the ratio has been in a steady decline ever since. It finished the year at 99%.
After reaching a new high in October at $1,452,500, the median sales price for single-family, re-sale homes fell to $1,270,500 in December. The median price was down 4.4% year-over-year. The average sales price was down 3.1% compared to last December.
Sales of single-family, re-sale homes in Marin County fell 6.7% year-over-year. There were 112 homes sold last month. For the year, sales were off 2.8%.
Inventory dropped 3.2% from last year. As of the 5th of January, there were 182 homes for sale. The average since January 2007 is 650.
Days of inventory fell to 49 from 68.
Days of Inventory reflects an estimate of the amount of time it would take to sell all of 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 quickly last month, averaging 58 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 fell 12.8% from November. It was down 13.5%, year-over-year. The average price was up 4.3% from the prior month, and it was up 9.8% from last December.
Condo sales were down 43.6% compared to last December.
Condos are selling in 50 days, compared to the average of 83 days.
The sales price to list price ratio for condos was 99.4%.
Condo inventory was down 4.7% from last November. There are only sixty-one condos for sale.
If you would like to know what’s going on in your neighborhood, 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.