Real Estate Report presented by Information Designs

January 2018 Report

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


Median Price
$1,315,000
+7.5%
Average Price
$1,578,480
+5.1%
No. Sold
114
-41.8%
Pending Properties
104
-32.0%
Active
127
-42.8%
Sale/List Price Ratio
101.8%
-0.4%
Days on Market
53
+17.8%
Days of Inventory
33
+1.7%

Market Barometer

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Market Commentary

Home Prices Rise to End the Year

The median price for single-family, re-sale homes was $1,315,000 in December, a gain of 16.9% year-over-year, and just $10,000 off the all-time high set in April 2017. The average price gained 12.3%.

After surging 37.1% in November, home sales fell last month, dropping 5.8% over last year. For the year, home sales were up 0.7%.

The median price for condos gained 9.9% year-over-year. The average price was up 0.9%.

Condo sales were off 28.8% and were down -1.3% for the year.

Homes are selling quickly, taking only fifty-three days from coming onto the market to when they go under contract. The average since January 2009 is eighty days. Condos are selling in forty-one days, compared to the average of eighty-three days.

The sales price to listing price ratio stayed over 100% for the eleventh month in a row: 101.8%. The ratio for condos was 102.2%.

Inventory continues to be abysmal. It is just over 20% of the average since 2007. As of the 5th of December, there were one-hundred and twenty-seven homes for sale. We average six-hundred and eighty!

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

Condo inventory is down 54.0% from last December. There are only forty-six condos for sale in the entire county!

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.

 

Prices & Sales

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Days of Inventory

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Sales to Date

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Sales Price Ratio

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