August 2020 Report
Single Family Homes in Marin County, All Cities, All Neighborhoods Change >
Average Price$1,892,100
+0.4%
Pending Properties228
-11.3%
Sale/List Price Ratio101.9%
+1.0%
Days of Inventory38
+26.6%
Trends at a Glance
| Trends At a Glance |
Aug 2020 |
Previous Month |
Year-over-Year |
| Median Price |
$1,500,000 (-3.2%) |
$1,550,000 |
$1,210,000 (+24.0%) |
| Average Price |
$1,892,100 (+0.4%) |
$1,885,380 |
$1,438,820 (+31.5%) |
| No. of Sales |
236 (-14.8%) |
277 |
175 (+34.9%) |
| Pending |
228 (-11.3%) |
257 |
81 (+181.5%) |
| Active |
301 (+7.9%) |
279 |
378 (-20.4%) |
| Sale vs. List Price |
101.9% (+1.0%) |
100.9% |
100.6% (+1.2%) |
| Days on Market |
46 (-0.2%) |
46 |
50 (-7.6%) |
| Days of Inventory |
38 (+26.6%) |
30 |
65 (-41.0%) |
Market Commentary
Sales of single-family, re-sale homes surged again in August. They were up 37.2% year-over-year.
The median sales price of single-family, re-sale homes in Marin County was up 23.7% year-over-year.
The average sales price rose 30.6% year-over-year.
The sales price to list price ratio rose to 101.9% from 100.9%.
As of September 5th, there were 228 single-family, re-sale homes pending. The average since January 2007 is 97.
Inventory was down 24.2% year-over-year. As of September 5th, there were 301 homes for sale. We average 632.
Days of inventory rose to thirty-eight from thirty. 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 17.2%, year-over-year. The average price was up 26.7%.
Condo sales were up 1.8% year-over-year. There were fifty-six condos sold last month.
Condos are selling in 49 days. The average is 83 days.
The sales price to list price ratio for condos was 100.1%.
Condo inventory was up 0.9% year-over-year. There are 112 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.