With April’s end, we now have 2 months of spring season data unaffected by market activity at the end of 2018, when financial markets plunged. As of early May 2019, stock markets have recovered to hit new highs, interest rates are far lower than last year’s peak, and unicorn IPOs have begun to roll out …
A substantial portion of Q1 statistics reflect new listings and accepted offers occurring during the mid-winter market doldrums (Thanksgiving to mid-January). In November and December 2018, the stock market plunged drastically from its all-time high in September, and interest rates hit their highest point in years: these factors negatively affected buyer demand. Then both turned …
Spring 2018 was one of the hottest markets in the Bay Area over the last 2 decades. Then the market began to cool in summer and autumn – demand, sales and appreciation rates generally dropping, while supply and price reductions increased – before the mid-winter doldrums took hold. The magnitude of these changes varied by …
Continue reading “Marin Real Estate Entering the Spring Selling Season”
As of early February, the government shutdown is over – at least for a couple more weeks – the stock market has recovered dramatically from its late 2018 plunge, and interest rates are well down from November highs. A good number of large, local, high-tech “unicorns” continue to plan IPOs in 2019. All these are …
Continue reading “Marin Real Estate Heading into the 2019 Market”
The CoreLogic S&P Case-Shiller high-price-tier Home Price Index for the 5- county San Francisco Metro Area, illustrated above by the blue line, applies best to more expensive Bay Area housing markets such as most of San Francisco, Marin, San Mateo and Diablo Valley/Lamorinda. The SF Metro low- and mid-price tiers had much more dramatic bubbles …
Autumn markets in counties around the Bay Area have seen significant shifts, but with wide variance in the magnitude of these changes between counties. So far, Marin itself has seen much less dramatic changes than some other local markets such as Santa Clara and Sonoma Counties. Homes that sell have generally continued to sell quickly, …
Continue reading “Mixed Signals in the Marin County Real Estate Market”
While we wait for the autumn selling season to begin in September, this report will take a look at Marin and Bay Area market trends from a variety of angles, starting with home prices. Paragon & Compass Merge We are pleased to announce that Paragon Real Estate has joined forces with Compass in order to …
Before diving into prices and trends in individual city markets in this month’s report, these four charts are overviews for Marin County market. In April 2018, the median house sales price hit a new peak price, slightly above the previous high achieved in May of 2017. Since median home sales prices often hit their annual …
So far in 2018, the market seems to have mostly brushed aside concerns about increasing home prices, rising interest rates, stock market volatility and new federal tax law changes. It is still too early to come to definitive conclusions about where the year is going, but right now, in most market segments, buyer demand remains …
Continue reading “Marin Real Estate Market – A Strong Start to 2018”
Another strong year in real estate, with continued median home price appreciation in Marin, and indeed throughout the Bay Area. Additional chart: Bay Area Median Home Price Trends by County The chart below, based on CoreLogic S&P Case-Shiller Index data, tracks general price appreciation trends of house in the upper third of prices in the …
