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Market Report for July 2017

 

Number of Homes Sold

With 202 sold, Marin single family home sales were down 17% from June, and up 4% compared to the same month last year. This is expected in July with the seasonal summer market slowdown.

 

Average Price Sold

The Average Sale Price of Marin single family homes decreased 2% in July compared to June, at $1,574,423 and $1,612,473, respectively. Compared to the same month last year, the Average Sale Price is 10% higher in 2017.

 

Home Sales by Area

Novato and San Rafael continue to see the highest Number of Homes Sold in July at 53 and 50, respectively. Mill Valley had a notable 25 sold. Less active markets include Belvedere with one sale, Kentfield with 4 and Tiburon with 6, and zero sold in the Beach Cities and West Marin.

 

In Contract by Area

Corte Madera had 60% of Homes in Contract at the end of July, followed by Larkspur (55%), Greenbrae (50%) and San Rafael (48%). Kentfield, San Anselmo and Sausalito also had a high percentage of homes in contract, at 47%, 45% and 44%, respectively. In contrast, less active markets were Ross (18%) and Belvedere, with none.

 

Sales by Price Point

In July, the highest number of homes both available (113) and sold (95) were between $1-2 million. There were 48 homes sold between $750,000 and $1 million, while 26 homes sold in the $2-3 million price range. A notable 14 homes sold between $3-7 million, while one home sold over $10 million.