July 2020 Report
Single Family Homes in Marin County, All Cities, All Neighborhoods Change >
Average Price$1,885,380
-1.6%
Pending Properties257
0.0%
Sale/List Price Ratio100.9%
-0.3%
Days of Inventory30
-40.0%
Trends at a Glance
| Trends At a Glance |
Jul 2020 |
Previous Month |
Year-over-Year |
| Median Price |
$1,550,000 (+6.7%) |
$1,452,500 |
$1,256,000 (+23.4%) |
| Average Price |
$1,885,380 (-1.6%) |
$1,916,190 |
$1,528,220 (+23.4%) |
| No. of Sales |
277 (+33.2%) |
208 |
208 (+33.2%) |
| Pending |
257 (0.0%) |
257 |
89 (+188.8%) |
| Active |
279 (-22.7%) |
361 |
385 (-27.5%) |
| Sale vs. List Price |
100.9% (-0.3%) |
101.2% |
101.2% (-0.3%) |
| Days on Market |
46 (-0.9%) |
46 |
46 (-1.1%) |
| Days of Inventory |
30 (-40.0%) |
50 |
56 (-45.6%) |
Market Commentary
Sales of single-family, re-sale homes surged again in July. The number of homes sold, 277, were the highest of any month since May 2013. The average since 1998 is 185. They were up 39.2% year-over-year, and, up 33.2% from June.
The median sales price of single-family, re-sale homes in Marin County set a new high for the second month in a row. It was up 23.5% year-over-year. It was up 6.7% from June.
The average sales price rose 23.3% year-over-year, but, it was up 1.6% from June.
The sales price to list price ratio fell to 100.9% from 101.2%.
As of August 5th, there were 257 single-family, re-sale homes pending. The average since January 2007 is 97.
Inventory was down 30.8% year-over-year. As of August 5th, there were 279 homes for sale. We average 632.
Days of inventory fell to thirty from fifty. 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 46 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 15.8%, year-over-year. The average price was up 3.6%.
Condo sales were down 3.6% year-over-year. There were fifty-three condos sold last month.
Condos are selling in 51 days. The average is 83 days.
The sales price to list price ratio for condos was 100.1%.
Condo inventory was down 14% year-over-year. There are 104 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.