Market Snapshot

Federal Reserve Chair Janet Yellen cautions “that readings on housing activity have remained disappointing so far this year and will bear watching”. A statement partially based on National building permits, which fell 2.4% in March. The Bay Area landscape has actually seen a surge of new developments in established communities like San Francisco, Larkspur, Corte Madera, San Ramon and even Orinda. Rates are still near record lows but are gradually increasing as the Fed tapers their monthly bond purchase activities.

The active listings inventory for Single Family Homes in Marin increased 14% to a season high in the month of April. Sales continue to be strong with the number of sold listings increasing by 28% month-over-month. The small drop in the average sales price can be attributed to the near 30% increase in sales for the month, which is still above the 2007 peak average. The $603.78 price per square foot for Single Family Homes in Marin is also still above the 2007 peak average of $601.00.


Home Sales by Area

Tiburon had the highest home sale in April, at $6,550,000. Belvedere had the longest Average Days on Market at 117, with West Marin not far behind at 102. Ross had the shortest Average Days on Market in Marin County at 13. Mill Valley, Novato and San Rafael continue to move the most inventory with double digit closings for the month of April.


Homes in Contract

For the fifth consecutive month Corte Madera continues to thrive with an overwhelming 69% of inventory in contract for the month of April. Two of the 15 Marin locales in our report have more than half their inventory in contract for the month of April. The fewest homes in contract remained the Beach City area at 6%.


Marin Market by Price Point

Over 60% of active Single Family Homes in Marin are under $2 million, they also represent 84% of April’s sales. High-end estates continue to come to market with the $7M to $10M inventory increasing 77% month-over-month. The Months of Inventory figure dropped significantly in the $5M-$7M range from 16 the previous month, to 3 in April. Only 5 of these resulted from closed sales.


Number of Homes Listed and Sold

The number of Single Family Homes in Marin for sale in April 2014 increased substantially year-over-year by 25%. The closed sales were up month-over-month at a modest 23% increase.


Average Sale Price
The Average List and Sales Price came down slightly from the previous month, which can be attributed to the increase in inventory. The Average Sales Price for April of $1,373,007 is 20% higher than the same time the previous year.


Market Information - Quarterly & Annual Reports
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3rd Quarter 2011 (7/1-9/30)

1st Half 2011 (1/1/11 - 6/30/11)

2nd Quarter 2011 (4/1/11 - 6/30/11)

1st Quarter 2011 (1/1/11 - 3/31/11)

Year End 2010 (1/1/10 - 12/31/10)

4th Quarter 2010 (10/01/10 - 12/31/10)

3rd Quarter 2010 (07/01/10 - 09/30/10)

1st Half 2010 (01/01/10 - 06/30/10)

2nd Quarter 2010 (04/01/10 - 06/30/10)

1st Quarter 2010  (1/1/10 - 3/31/10)

Year End 2009 (1/1/09 - 12/31/09)

3rd Quarter 2009 (7/1/09 - 9/30/09)

1st Half (Quarters 1 & 2) 2009 (4/1/09 - 6/30/09)

1st Quarter 2009 (1/1/09 - 3/31/09)