Q2 2019: See what's happening in the Marin County Real Estate Market
Home sales activity in Marin County in the second quarter picked up solidly compared to the challenging start to the year. And while overall sales still trended slightly below last year’s second quarter, sales of homes priced above $2 million saw a stronger rebound finally falling in line with last year’s sales.
Meanwhile, for-sale options were plenty for home buyers and seasonal inventory increase showed the largest jump in the last 5 years with equally large increases in all price ranges. While buyers were quicker to make a purchase compared to exceedingly slow winter months, they still took longer than the same time last year. Also, while the need for price reductions lessen in the spring, more homes on the market were seeing price reductions than during the last few spring seasons.
Median home prices picked up as well but trended slightly below last June’s high. Overall, 2019 median home prices in Marin County are at the same level as during the same period last year. While buyer frenzy has leveled off, about 4 in 10 homes in Marin end up selling above the asking price, especially renovated homes in close proximity to amenities.
Looking Forward: Although summer months bring slower home sales activity, favorable conditions for buyers including more inventory, lower interest rates, and steady home prices may lure in potential home buyers.
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Home Prices
Down 2.0% since Q2 2018
Inventory
Up 2.9% since Q2 2018
Days on Market
56 on average for listings sold this quarter
Sales prices
101.74% of asking prices listed this quarter
THE MEDIAN HOME
The Compass Q1 sale closest to the Marin County median price of $1,294,500
211 Marin Avenue, Mill Valley, CA 94941
2 Beds | 2 Baths | 1,395 sqft
Sale price:
$1,417,500
THE HIGH END
The most expensive home sold in Marin County by Compass in Q4
1925 Straits View Drive, Tiburon, CA 94920
4 Beds | 5 Baths | 5,400 sqft
Sale price:
$9,945,000
Market Statistic of Note
Data provided by local MLS. Information deemed reliable, but not guaranteed.
Defining Marin County: Our real estate markets in Marin County include the cities of Belvedere, Corte Madera, Fairfax, Greenbrae, Kentfield, Larkspur, Mill Valley, Novato, Ross, San Anselmo, San Rafael, Sausalito, and Tiburon. Sales data in the charts includes single-family homes in these communities.
Compared to previous quarters:
Q2 Featured Sales
Team Own Marin continues to have a record-breaking year! Since January 2019 we've sold 67 homes totaling $130M in real estate. Out of the 67 homes, we've sold 22 off-mls for our clients. #newhighscore #letsgogetyourhome