Marin Real Estate Market Report - DEC 2015

Marin County Real Estate:

While California housing softened in October with both the statewide sales and median price contracted from the previous month, home sales still exceeded the 400,000 level in October for the seventh consecutive month. In Marin, the November numbers predictably diminished due to seasonality and the drop of activity that accompanies winter and the holiday season. Winter typically offers the best buying opportunities and historically has had the lowest sale prices. However, the luxury market has been active and has influenced November’s Average Sale Price for single family homes which exceeded $1.5 million, nearly 10% over the 2014 monthly average, and 23% above the peak in 2007.

Home sales in Marin County experienced a decrease of about 28% from October to November, although there was notable growth in both Larkspur and San Anselmo.

Greenbrae is the hot spot with the highest percentage of homes in contract for the month of November at 100%. Fairfax and San Anselmo follow at 76% and 75%, respectively. The Beach Cities and Sausalito had the lowest percentage of homes in contract, but buyers are still engaged even with lower inventory.

The most active price point in Marin County remains at $1-$2 million, with some increased activity in the $7-10 Million range. With a Marin County record total of 7 homes over $10 Million sold in 2015 so far, and no sales in November, and none in contract, we can only wait to see if the upper-end portion of the market has concluded for the year.

Read the full report and the charts: Marin Real Estate Market Report - DEC 2015