Weekly Real Estate Roundup 10/12/18

Posted by Alex Narodny on Friday, October 12th, 2018 at 11:54am

What's happening in Marin real estate this week. Email not displaying correctly?
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Weekly Marin Real Estate Roundup

October 12, 2018

Welcome to the Marin Real Estate Roundup, the #1 resource for Marin County buyers and sellers.

Weekly highlights

Please respond for more info or a private showing

  • Pick of the week75 Lochinvar, San Rafael. 4 BD/3 BA. Wonderful tree lined entry area leads through the house to the private yard with pool and multiple gardening and entertaining areas. $1,699,000
  • New: 84 Broadmoor, San Anselmo. 3 BD/2 BA. Modern home was redesigned & expanded in recent years. Architectural details such as the sparkling glass railing on the open staircase & Sputnik light-fixtures add contemporary flair. $1,195,000.
  • New: 50 Pamela, Tiburon. 3 BD/2 BA. This lovely sun-drenched home in the Bel-Aire neighborhood is perfect for buyers that want an upgraded home in the top-rated Tiburon School District. $1,495,000.

Market Trends - Marin County

  • Total Available Properties for Sale: 524
  • Total in Contract: 227
  • Absorption Rate (Pended Sales %): 43.3% 
  • Median Sold Price in last 30 days: $1,300,000
Analysis (updated quarterly):

The September numbers have arrived. Inventory shot up 25% year over year. This means that buyers now have more to choose from amongst the competition. Although prices have stayed relatively the same (even a slight increase in avg price since last year - likely due to a large sale in the county), the combination of more inventory, only slight increase in pendings (230 last Sept, 247 this year), and rising interest rates are strong indicators of a changing marketplace. Buyers will have more to choose from, forcing less desirable properties to adjust their price to attract the same level of attention. With rates only creeping up slightly, buyers will still be scrambling to invest. Marin's strong schools also keep it more insulated from market changes than other Bay Area communities. However, it should be noted that we may be facing a different level of demand early next year. These next 2-4 months will tell us a lot of about which direction the market is headed.

Relevant Stories (Source: C.A.R. "Market Matters")

This Week's Rates

  • Jumbo 30 year fixed:  4.75% 
  • High balance conforming 30 yr fixed (up to $679,650): 5.05%
Please take a second to read our blog for other relevant advice and market trends.

New Listings (North --> South)

San Rafael
West Marin and Beach Cities
San Anselmo
Ross and Kentfield
Greenbrae, Larkspur, and Corte Madera
Mill Valley
Tiburon and Belvedere
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