Weekly Real Estate Roundup - 2/1/19

Posted by Alex Narodny on Friday, February 1st, 2019 at 11:26am.

What's happening in Marin real estate this week. Email not displaying correctly?
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NARODNY

Weekly Marin Real Estate Roundup


February 1, 2019

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

  • Private Market - Pick of the Week - NOT available on Zillow, Redfin, etc: Delightful Contemporary Home in Downtown San Anselmo. 3 BD/2 BA. In the Heart of Downtown San Anselmo, beautifully expanded & updated with dramatic architecture, solar, radiant heat, concrete & hardwood. Award-winning schools, easy shopping, dining, parks and outdoor adventure nearby. Price and Address upon request. 
  • New: 11 Rock Rd, Kentfield. 5 BD/6 BA. Spectacular Mid-Century Modern privately located in Kent Woodlands. 1.37+ acres. Tranquil views of Mt. Tam & SF Bay. $5,995,000.
  • New: 12 Garden, Ross. 3 BD/2 BA. You might love it just the way it is OR you could execute the approved remodel plans! This very rare flat @12,180 SF Winship Park lot is awaiting your admiration. $2,100,000.

Market Trends - Marin County




 

  • Total Available Properties for Sale: 273
  • Total in Contract: 134
  • Absorption Rate (Pended Sales %): 49% 
  • Median Sold Price in last 30 days: $950,000
Analysis (updated quarterly - last updated October 2018. Next Update: February 8, 2019):

Inventory is 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 - 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:  4.20%
  • High balance conforming 30 yr fixed (up to $726,525): 4.75%
Please take a second to read our blog for other relevant advice and market trends.
 

New Listings (North --> South)

Novato
San Rafael
West Marin and Beach Cities
Fairfax - no new listings this week
San Anselmo
Ross and Kentfield
Greenbrae, Larkspur, and Corte Madera
Mill Valley
Tiburon and Belvedere - no new listings this week
Sausalito

 
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