Real Estate Report presented by Information Designs

July 2018 Report

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


Median Price
$1,400,000
-0.1%
Average Price
$1,797,630
-3.0%
No. Sold
197
-3.4%
Pending Properties
207
0.0%
Active
358
+1.7%
Sale/List Price Ratio
102.9%
-0.9%
Days on Market
39
+10.1%
Days of Inventory
53
+1.8%

Market Barometer

Enlarge >
Loading...

Market Commentary

Sales Prices Slip, Slightly

After setting new highs, again, in May, the sales prices for single-family, re-sale homes declined a bit in June.

The median sales price for homes fell $1,500 from May. It was up 9.8% compared to last June. The average price rose 11.7%.

The median price for condos was up 15.4%, year-over-year. The average price was up 14.7%.

Sales of single-family, re-sale homes in Marin County are down for the fifth year in a row.

Home sales were down 13.6% in June, year-over-year. Year-to-date, home sales are off 9%.

Condo sales were down 8.1% compared to last June. Year-to-date, condo sales are off 5.2%.

Homes sold quickly last month, averaging thirty-nine 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-four days, compared to the average of eighty-three days.

The sales price to listing price ratio stayed over 100% after dipping below 100% in January: 102.9%. The ratio for condos was 102.3%.

Inventory continues to be abysmal. It is just over 50% of the average since 2007. As of the 5th of July, there were three-hundred and fifty-eight homes for sale. We average six-hundred and eighty! Inventory was down 19.9% year-over-year.

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

Condo inventory is down 28.2% from last June. There are only ninety-four condos for sale in the entire county!

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.

Prices & Sales

Enlarge >
Loading...

Days of Inventory

Enlarge >
Loading...

Sales to Date

Enlarge >
Loading...

Sales Price Ratio

Enlarge >
Loading...