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Market Report for May 2017

 

Number of Homes Sold

With 209 sold, Marin Single Family Home sales in May remained relatively unchanged (down 1%) from April, and down 5% compared to the same month last year. Most Single Family Homes sold in May were in the price range of $1-2 million.

 

Average Price Sold

The Average Sale Price of Marin Single Family Homes increased by 5% in May compared to April, at $1,688,702 and $1,612,210, respectively. Compared to the same month last year, the Average Sale Price remains relatively unchanged, up 2%.

 

Home Sales by Area

Novato, San Rafael and Mill Valley continue to see the highest number of homes sold at 44, 39 and 33, respectively. Tiburon had a notable number of homes sold at 14, while Greenbrae and Larkspur saw a slowdown in number of home sales compared to previous months, each at 5.

 

In Contract by Area

San Anselmo had 52% of Homes in Contract in May, followed by Greenbrae (50%), Mill Valley (42%) and San Rafael (41%). Eight cities had over 25% of Homes in Contract. In contrast, less active markets were Belvedere (21%) and Kentfield (17%).

 

Sales by Price Point

The highest number of homes both available (137) and sold (97) were between $1-2 million. There were 45 homes sold between $750,000 and $1 million, while 30 homes sold in the $2-3 million price range, up from 22 homes in April. A notable nine homes sold between $4-5 million. There were only 2 homes sold at $5 million or higher.