Real Estate Report presented by Andrew de Vries

August 2019 Report

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


Median Price
$1,255,000
-5.3%
Average Price
$1,529,660
-9.8%
No. Sold
199
-3.4%
Pending Properties
199
-16.0%
Active
403
-12.4%
Sale/List Price Ratio
101.3%
+0.1%
Days on Market
46
-2.6%
Days of Inventory
61
-6.2%

Market Barometer

Enlarge >
Loading...

Market Commentary

Home Prices & Sales Continue to Fall

The median sales price for single-family, re-sale homes in Marin County fell 5.3% in July compared to June. Year-over-year, it was down 7.1%. That’s the ninth month in a row the median price has been lower than the year before. The average sales price fell 9.8% from June, and, it was also down year-over-year for the ninth month in a row, falling 4.2%.

The sales price to list price ratio stayed over 100%: 101.3%..

Sales of single-family, re-sale homes in Marin County fell 3.4% from June, but, they were up 12.4% year-over-year.

In July, there were 199 single-family, re-sale homes pending. That is an astonishing number. The average since January 2007 is 97!

Inventory was down 11.4% year-over-year. As of August 5th, there were 403 homes for sale. We average 632.

Days of inventory was 61. The National Association of REALTORS® considers a balanced market to be 180 days. In Marin County, we have averaged 112 days since 2007.

Days of Inventory is an estimate of the amount of time it would take to sell all the current listings if no new listings became available. It is calculated by taking the number of homes for sale and dividing by the number of homes sold in a given time frame. We use last month’s sold number.

Homes sold in an average of 46 days from coming onto the market to when they go under contract. The average since January 2009 is 76 days.

The median price for condos rose 1.9%, year-over-year. The average price was down 1.7%.

Condo sales were up 48.6% year-over-year. There were 55 condos sold last month.

Condos are selling in 49 days. The average is 83 days.

The sales price to list price ratio for condos was 100.2%.

Condo inventory was up 13.1% from last July. There are 121 condos for sale.

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

Enlarge >
Loading...

Days of Inventory

Enlarge >
Loading...

Sales to Date

Enlarge >
Loading...

Sales Price Ratio

Enlarge >
Loading...