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Pick of the week: 75 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.