Welcome to our mid-year market recap.
At the risk of sounding like a broken record, we continue to have a severe shortage of homes for sale in Marin County amid strong buyer demand which is supporting a continued seller's market. As a result, we are seeing more homes trickle onto the market in July than usual. Agents are advising sellers they don't need to wait till after Labor day.
We do not expect things to change until the mortgage rate comes back down which is projected to be about 8 months out, depending on who you listen to for your inflation rate forecasting. When they finally come down, we expect the flood-gates to open as the "mortgage lock-in effect" ends. Read on for an excellent summary and supporting statistics from our Chief Market Analyst, Patrick Carlisle.
As always, please let us know if you need anything: a consultation on your home's value and when/if to market it; a search for your next one; or good contractors or service providers! BTW: We assist our buyer and seller clients in all of Marin County and most neighborhoods in San Francisco, Berkeley/Oakland, and Sonoma County and can refer you to a great agent anywhere else. Don't hesitate to reach out.
|
|
|
|
|
|
|
|
|
|
|
|
|
5 BD 6 BA 3680 SF $3,325,000
|
|
|
|
|
|
|
|
|
|
|
|
4 BD 4 BA 3985 SF $3,100,000
|
|
|
|
|
|
|
|
|
|
|
|
2 BD 1 BA 1352 SF $1,505,000
|
|
|
|
|
|
|
|
|
|
|
|
5 BD 3 BA 2347 SF $1,375,000
|
|
|
|
|
|
|
|
|
|
|
|
3 BD 4 BA 2890 SF $1,900,000
|
|
|
|
|
|
|
|
|
|
|
|
4 BD 2 BA 2117 SF $1,795,000
|
|
|
|
|
|
|
Statistics are generalities, essentially summaries of widely disparate data generated by dozens, hundreds or thousands of unique, individual sales occurring within different time periods. They are best seen not as precise measurements, but as broad, comparative indicators, with reasonable margins of error. Anomalous fluctuations in statistics are not uncommon, especially in smaller, expensive market segments. Last period data should be considered estimates that may change with late-reported data. Different analytics programs sometimes define statistics - such as "active listings," "days on market," and "months supply of inventory" - differently: what is most meaningful are not specific calculations but the trends they illustrate. Most listing and sales data derives from the local or regional multi-listing service (MLS) of the area specified in the analysis, but not all listings or sales are reported to MLS and these won't be reflected in the data. "Homes" signifies real-property, single-household housing units: houses, condos, co-ops, townhouses, duets and TICs (but not mobile homes), as applicable to each market. City/town names refer specifically to the named cities and towns, or their MLS areas, unless otherwise delineated. Multicounty metro areas will be specified as such. Data from sources deemed reliable, but may contain errors and subject to revision. All numbers to be considered approximate.
Many aspects of value cannot be adequately reflected in median and average statistics: curb appeal, age, condition, amenities, views, lot size, quality of outdoor space, "bonus" rooms, additional parking, quality of location within the neighborhood, and so on. How any of these statistics apply to any particular home is unknown without a specific comparative market analysis.
|
|
Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
|
|
|
|
|
|
|
![](https://cdn.filestackcontent.com/ALjVIPyY5SBCdSTP1630Sz/rotate=deg:exif/crop=dim:[0,0,1200,300]/output=format:png,density:500/resize=width:600,fit:max/auto_image/compress/"https://cdn.filestackcontent.com/dsMOVlEQM6X4CMGgH3nL")
![](https://cdn.filestackcontent.com/ALjVIPyY5SBCdSTP1630Sz/rotate=deg:exif/crop=dim:[0,0,2500,1875]/output=format:png,density:500/resize=width:600,fit:max/auto_image/compress/"https://www.compass.com/m/15/7f8edd2d-1584-4a9f-8eb6-f1a96233132d/origin.jpg")
![](https://cdn.filestackcontent.com/ALjVIPyY5SBCdSTP1630Sz/rotate=deg:exif/crop=dim:[0,4,1500,992]/output=format:png,density:500/resize=width:600,fit:max/auto_image/compress/"https://www.compass.com/m/c7078c3deb9f6b7213442278c2cc56de97827e3d_img_0_f960e/origin.jpg")
![](https://cdn.filestackcontent.com/ALjVIPyY5SBCdSTP1630Sz/rotate=deg:exif/crop=dim:[0,4,1500,992]/output=format:png,density:500/resize=width:600,fit:max/auto_image/compress/"https://www.compass.com/m/d8645f3c7f72e810401560a33b1653b69fb6316d_img_0_fba8a/origin.jpg")
![](https://cdn.filestackcontent.com/ALjVIPyY5SBCdSTP1630Sz/rotate=deg:exif/crop=dim:[0,4,1500,992]/output=format:png,density:500/resize=width:600,fit:max/auto_image/compress/"https://www.compass.com/m/f6324937db8a6decc49597fce6cbb82b00f4e1b8_img_0_729fc/origin.jpg")
![](https://cdn.filestackcontent.com/ALjVIPyY5SBCdSTP1630Sz/rotate=deg:exif/crop=dim:[0,4,1500,992]/output=format:png,density:500/resize=width:600,fit:max/auto_image/compress/"https://www.compass.com/m/6f0be7bc4148f4921e865cf996e882708ebc930b_img_0_dadff/origin.jpg")
![](https://cdn.filestackcontent.com/ALjVIPyY5SBCdSTP1630Sz/rotate=deg:exif/crop=dim:[0,4,1500,992]/output=format:png,density:500/resize=width:600,fit:max/auto_image/compress/"https://www.compass.com/m/f78161f2536cae5c182cbd8e1521ae9f230f488f_img_0_acec8/origin.jpg")
![](https://cdn.filestackcontent.com/ALjVIPyY5SBCdSTP1630Sz/rotate=deg:exif/crop=dim:[0,4,1500,992]/output=format:png,density:500/resize=width:600,fit:max/auto_image/compress/"https://www.compass.com/m/d447f181909d26592c22ab20f91f5531464d7010_img_0_f2713/origin.jpg")
![](https://cdn.filestackcontent.com/ALjVIPyY5SBCdSTP1630Sz/rotate=deg:exif/crop=dim:[0,32,768,512]/output=format:png,density:500/resize=width:600,fit:max/auto_image/compress/"https://cdn.filestackcontent.com/qnR08IQRn6uuVWRsuJEA")
![](https://cdn.filestackcontent.com/ALjVIPyY5SBCdSTP1630Sz/rotate=deg:exif/crop=dim:[791,0,3162,3162]/output=format:png,density:500/resize=width:600,fit:max/auto_image/compress/"https://www.compass.com/m/15/af69a4c3-d98a-46c1-a48c-0a3445ad418d/origin.jpg")
![](https://cdn.filestackcontent.com/ALjVIPyY5SBCdSTP1630Sz/output=format:png,density:500,background:FFFFFF/resize=width:600,fit:max/auto_image/compress/"https://beta.compass.com/ucfe-assets/mc-assets/3/Compass_Logo_H_K.svg"){kind=logo}
