The Marin real estate market woke up from its slumber in March with positive results in three of the four metrics covered in this monthly report. The median sales price increased 10% year over year to $1.95 million, while the number of homes for sale increased 15% to 301. There is now a sufficient supply on the market to last 2.1 months, a 24% increase since March 2023.
All the indicators are (finally) starting to move in a positive direction for home buyers and sellers, with prices and inventory both inching up. It remains to be seen if this is a trend or a blip, but with the recent inflation reports, I think people are starting to realize that the days of 2% mortgage rates aren't coming back anytime soon.
I've noticed that I'm working with a lot more buyers recently than I did this time last year – city dwellers looking for their own slice of paradise in wine country, young couples moving to Marin to start a family. We'll be living in the best place on earth. I consider myself lucky to live and work in the San Francisco Bay Area.
Country Club Pricing Improvements
Just last week we announced an increase in the price at 378 Margarita Drive in the Country Club area of San Rafael. This fantastic country club gated home offers complete privacy and stunning panoramic views and sits on two very private acres of land. It is being offered exclusively for $2,750,000. Click here for more information.
I am also working on a fantastic home in the Tam Valley area of Mill Valley with a great layout, large backyard and views that will be on the market later this year.
Would you like help?
As the market changes, opportunities abound for smart buyers and sellers. Let us help you pave the way to your success!
These market reports are a great place to start, but let's keep the conversation going – I'm always happy to discuss the market and the best ways to buy or sell a home in Marin County or throughout the Bay Area.
If you have any questions about the market or are considering your next real estate transaction, don't hesitate to contact me and let's work together to make your real estate transaction goals a reality. Call or text me anytime at 415-847-5584.
Would you like help?
As the market changes, opportunities abound for smart buyers and sellers. Let us help you pave the way to your success!
These market reports are a great place to start, but let's keep the conversation going – I'm always happy to discuss the market and the best ways to buy or sell a home in Marin County or throughout the Bay Area.
If you have any questions about the market or are considering your next real estate transaction, don't hesitate to contact me and let's work together to make your real estate transaction goals a reality. Call or text me anytime at 415-847-5584.