OCTOBER in MARIN
1 • MOST AFFORDABLE AREA: NOVATO
Condo: $515K Median Sales Price
SFH: $1.185m Median Sales Price
LARKSPUR Condo: $640K Median SP
MILL VALLEY Condo: $635K Median SP
2 • MOST EXPENSIVE AREA: BELVEDERE
$7.775m Median Sales Price
(Based on 4 sales; be sure you are reviewing data exceeding 1 sale.)
3 • PERCENTAGE OF LIST PRICE RECEIVED, SP:LP: 118%
Almost every town in Marin is commanding over-asking price, with
STINSON BEACH receiving the highest overbid, 118% of list price.
4 • AREA/SEGMENT WITH MOST INVENTORY:
SAN RAFAEL/Condo – 3.3 MSI
CORTE MADERA/Condo – 2 MSI
With a few exceptions, every town of Marin is experiencing an MSI < 1.
MONTHS SUPPLY of INVENTORY (MSI)*
Seller’s Market = Under 4 mos.
Balanced Market = 4-6 mos.
Buyer’s Market = Over 6 mos.
*MSI: How many months it would take to sell all of the existing inventory
RECORD LOW inventory (#4) coupled with extremely high buyer demand has led to a surge in home prices (#3). As more inventory becomes available, home price appreciation will stabilize. Houses won't become more affordable in Marin but there will be more to choose from.
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