After the usual late summer slowdown, the typically very active autumn selling season is relatively short, running from mid-September until mid-November, when activity begins to plunge for the mid-winter holidays. The coming two months will be the next major indicator: Will the Marin homes market continue to maintain the intense high-demand, low-supply heat of this …
After another feverish spring market, the Marin County median house price hit a new quarterly peak in Q2 2017, $82,000 above the high hit in Q2 2016. This dynamic was prevalent around the Bay Area. And as illustrated in the chart below, luxury home sales also hit a new peak, rising 17% above the number …
This chart below compares median house sales prices since 2012 for March through May sales, year-over-year, for Marin, San Francisco and Sonoma Counties. Marin median prices are illustrated by the dark gray columns. Like Marin, most Bay Area Counties hit new peaks in median sales prices this spring, often by significant margins. Year-over-Year 3-Month Median Sales …
By quantity, home sales in Marin are dominated by Novato, San Rafael and Mill Valley, while the highest median sales prices are typically found in smaller towns. Median sales price is that price at which half the sales sold for more and half for less. It can be and often is affected by factors besides …
Q1 is the quarter of the year with the least number of closed sales, so too much should not be made of its data, but we have summarized annual Q1 dynamics for the past 4 years in the 2 charts above. In the general residential market (chart 1), the inventory of listings available to buy …
Rents, and Selected Demographic Angles by County
February 2017 Survey
The chart below is specific to the Marin County market,
Gold, Google, Soybeans & Marin Home Price Appreciation
This first chart is a somewhat lighthearted, but we believe accurate look at how various 2011 investments would have played out through 2016. When calculating appreciation, purchase and sale dates are critical factors, and changing those can alter the results significantly: Using 2011, the last bottom of the real estate market, as the purchase date certainly plays to the advantage of home price increases. If you bought gold or soybeans in 2011, » Read more about: The Marin County Real Estate Market at the Start of the New Year »
Bay Area Real Estate Cycles since 1984 per the S&P Case-Shiller Home Price Index
The first chart below is a simplified graph based on the Case-Shiller Home Price Index illustrating percentage increases and decreases in prices for Bay Area houses in the higher-price tier. The markets in Marin, San Francisco and San Mateo are generally dominated by high-price-tier home sales.
All the short-term fluctuations up and down have been removed so that the chart only reflects major turning points in the market. » Read more about: Real Estate Cycles, Interest Rates, Home Values & Appreciation Trends in Marin County »
The Marin County real estate market continues to see moderate price increases year over year, driven by a general lack of supply and continued high buyer demand, especially in the more affordable, middle-price ranges. The market is definitely cooler in higher price segments, with increases in the number of luxury homes for sale amid somewhat softer demand. This is a general trend across the Bay Area.
The real estate market usually goes into semi-hibernation from just before Thanksgiving through mid-January, » Read more about: The Marin County Real Estate Market – November 2016 Report »
As illustrated above, the market for homes selling for $2 million and above has cooled somewhat over the past year, with the number of active listings climbing, the number of sales dropping, and a big jump in the quantity of listings expiring without selling. This is a general trend in markets around the Bay Area: Not a crash, but a softening of demand amid an increase in luxury homes for sale.
Luxury Home Market Trends Comparing Q3 Sales Data,