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Market Report for Q3 2017

 

Number of Homes Sold

With 554 sold, Marin Single Family Home sales in Q3 were up 9% from the same quarter last year and down 19% compared to the end of Q2. Decreased inventory and the seasonal summer market slowdown influenced the Number of Homes Sold in Q3.

 

Average Price Sold

The Average Sale Price of Marin Single Family Homes increased a healthy 12% in Q3 compared to the same quarter last year. When compared to Q2, Q3 Average Sale Price decreased slightly (1%) to $1,606,232.

 

Home Sales by Area

Novato and San Rafael continue to see the highest Number of Homes Sold in September at 33 and 32, respectively, with Mill Valley not far behind at 25 sold. San Anselmo had a notable Number of Homes Sold at 8, as well as Tiburon with 7.

 

In Contract by Area

Fairfax had 67% of Homes in Contract recorded in September, followed by Larkspur (54%), Corte Madera (50%) and Greenbrae and Novato, both at 40%. In contrast, less active markets were Ross (8%) and Belvedere (5%).

 

Sales by Price Point

In Q3, the highest number of homes both available (419) and sold (255) were between $1-2 million. There were 131 homes sold between $750,000 and $1 million, while 67 homes sold in the $2-3 million price range. A notable 13 homes sold between $5-7 million with 5 homes sold at above $7 million, three of which sold for over $10 million.