Posh Properties Marin - Luxury Real Estate By Karen Plastiras and Colleen Fitzpatrick

MARIN REAL ESTATE MARKET INFORMATION

Decker Bullock
Agent Portrait
Karen Plastiras
Realtor®
415.816.2256
k.plastiras@deckerbullocksir.com
CalBRE# 01074462
Decker Bullock Sotheby’s
International Realty

6 College Court, Larkspur (Map)
Single Level with Pool
Offered at $2,100,000
Available
4 Marin Bay Park Court (Map)
San Rafael
Offered at $2,300,000
Price Reduced!
Marin Market Snapshot September
Overall activity has remained stable in Marin going on five months with moderate increases and decreases in sold and active homes. Lack of inventory is an ever-growing challenge not only in Marin County but also throughout the entire state of California. The month of August in Marin saw a decrease in number of sold and active homes, although the average sale price experienced an escalation largely due to the sale of a $47.5 million home in Belvedere. With the largest increase of sold homes in August taking place in the $3-$5 million price range, the luxury market remains strong, a good indication for sellers on the higher-end of the real estate spectrum.

With continued economic conditions improving, we hope to see a gradual increase in sales while the year’s peak buying season is still active.

National Association of Realtors chief economist, Lawrence Yun states, “The creation of jobs added at a steady clip and the prospect of higher mortgage rates and home prices down the road is encouraging more households to buy now. As a result, current homeowners are using their increasing housing equity towards the down payment on their next purchase."

The strong growth in sales during the spring had current homeowners looking at available opportunities but Yun explains that the declining affordability could begin to slowly dampen demand. Concerns about the rise in home prices without commensurate income gains have first-time buyers in a position of limited options.
Homes Sales by Area
The number of homes sold in Marin County decreased month-over-month by 23 homes. Home sales in the Beach Cities increased by 3 compared to no sales the previous month. Tiburon also had a notable increase in home sales during the month of August with 4 more sales than the previous month. Belvedere, Greenbrae, Ross, and San Anselmo also had increased sales.
Homes in Contract
Overall, the percent of Marin County homes in contract in September has decreased month-over-month, although Corte Madera takes the top position for the second month in a row with a growth of 7%. Fairfax and Larkspur also showed an increased percentage throughout August.
Average Sale Price
The month of August experienced a spike in the average sale price of homes in Marin County, in large part due to the high-end sale in Belvedere. Average list prices remained steady month-over-month.
Marin Market by Price Point
Active listings in Marin County decreased slightly overall with the exception of properties ranging from $2-$5 million. The $3-$4 million price range increased in active listings by 6 properties, which was the most significant increase in August.
Number of Homes Listed and Sold
The activity in Marin County has been fairly stable over the past 5 months, with a slight decrease in August of sold homes by 23 and active homes by 7. Overall, these numbers do not reflect dramatic spikes or drops in Marin County activity.


Karen Plastiras CalBRE: 01074462  |  Colleen Fitzpatrick CalBRE: 00851293
Site Design by www.GoldenGateCreative.com
www.PoshPropertiesMarin.com