Marin Real Estate Blog

Time to take a Marin County Real Estate Market Pulse.  This is Mid-July, a bit difficult to predict movement of the real estate housing consumers.  With schools out, some families put things on hold and go on vacation, others start looking at homes with goal of moving into their new house or relocate before school starts.  Some decide summer might is a great season to buy or sell while others think they should avoid the rush and wait until the 'quiet' season.  

Still others, like us, take a snapshot and look at the housing numbers in Marin to find out what is really happening.  What we find, not surprisingly, is heavily leaning towards a buyers market.    

Corte Madera, at 40% pending is the only town that is still in 'seller's market', with Fairfax, Greenbrae, Kentfield, Larkspur, Mill Valley and San Anselmo in so called 'Balanced Market' with house pending rate between 25% and 35%.  note that they are all Sourthern Marin homes where typically, home prices are higher.  The rest of the towns, Belvedere at 24%, one short of 25%, puts it just in the Buyer's market.  Novato, Ross, and san Rafael are officially in the Buyer's market. 

Note that the numbers include both Single Family Homes and Townhomes, and townhoomes are traditionally the ones that appreciate quickly in a hot market and depreciate faster as well as stay on market much longer during a down cycle.  

Call Sylvia with any questions and/and concerns.

1. Less than 15% in Contract = Strong Buyer's Market
2. 15-25% in Contract = Buyer's Market
3. 25% - 35% in Contract = BALANCED MARKET
4. 35-45  % in Contract = Seller's Market
5. 45%+ in Contract = Strong Seller's Market