Market Stats 4th Quarter 2020
While the Marin market volume was down by more than 50% over last May, inventory and sales rebounded in June.
Prices are creeping up with an increase in demand over last year, leaving sellers in control of the market.
Buyers are out in numbers to take advantage of great interest rates and finding stiff competition is driving prices higher.
Prices are creeping up with an increase in demand over last year, leaving sellers in control of the market.
Buyers are out in numbers to take advantage of great interest rates and finding stiff competition is driving prices higher.
12 Month Comparison - July 2020
Marin County Sales of Residential Homes
Marin County Sales of Residential Homes
|
While sales were depressed by 50% year-over-year in May, they rebounded to equal levels in June and then rose by a whopping 30% in July. With listings down by over 27%, demand sent prices soaring (see below). The number of properties in escrow was up by 61% over July last year. |
|
12 Month Comparison - July 2020
Marin County Median Price Sold for Residential Properties
Marin County Median Price Sold for Residential Properties
|
As inventory dropped between June and July, demand stayed steady driving the median price up by 20%. It is expected that this selling frenzy will level off through August and possibly pick back up in September. |
Statistic from Trendgraphix, Inc. reports published August 2020, based on data available at the end of July 2020. All reports presented are based on data supplied by BAREIS MLS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed. Totals can, and will, change as sales and transactions are added/closed/canceled and entered into the BAREIS MLS past the date of these charts being generated by Trendgraphix, Inc.
|
Kimberly Teal
Broker Associate Certified Luxury Property Specialist REALTOR® |AS, SRES | DRE#01972699 |
|
Affiliated real estate agents are independent contractor sales associates, not employees. ©2020 Coldwell Banker. All Rights Reserved. Coldwell Banker and the Coldwell Banker logos are trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company owned offices which are owned by a subsidiary of Realogy Brokerage Group LLC and franchised offices which are independently owned and operated. The Coldwell Banker System fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. CalRE #01908304. Website created and administered by Kimberly Teal, 2020© all rights reserved.