1st Quarter Insights

REAL ESTATE REFINED

April, 2022 | Vol. 6 | No. 1

1st QUARTER 2022

TAKEAWAYS - MARIN

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The ferocious seller's market experienced in the Bay Area over the past two years is beginning to show signs of chinks in its armor (see #6 below). Adding to that are slight increases in inventory providing more options for buyers who had previously been sidelined by aggressive bidding contests.

These slight market adjustments will neither diminish home values nor make property here more affordable; instead they will combine to effectively decelerate the rapid appreciation from which we have benefited.

One fact holds true: Property values in Marin County have continued to appreciate year-over-year confirming real estate investment here a solid strategy.

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MOST AFFORDABLE*

NOVATO

SFH: $1.290m

$660/sf

76 Sold

FAIRFAX

SFH: $1.360m

$913/sf

15 Sold

SAN RAFAEL

SFH: $1.556m

$859/sf

72 Sold

SAN ANSELMO

SFH: $1.678m

$985/sf

21 Sold

*Median Sales Prices/SFH

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MOST EXPENSIVE*

STINSON BEACH

SFH: $3.050m

$2,307/sf

4 Sold

BELVEDERE

SFH: $4.150m

$1,533/sf

5 Sold

TIBURON

SFH: $3.8m

$1,158/sf

19 Sold

ROSS

SFH: $6.050m*

$1,140/sf

*1 Sold

*Median Sales Prices/SFH

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QUICKER SALES

BOLINAS

82% reduction in DOM

3 Sold/22 DOM

CORTE MADERA

77% reduction in DOM

11 Sold/7 DOM

SAUSALITO

67% reduction in DOM

13 Condos Sold/13 DOM

BELVEDERE

61% reduction in DOM*

5 Sold/82 DOM**

*DOM: Days on Market

**NOTE: Luxury properties typically take longer to sell.

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% of LIST PRICE RECEIVED

CORTE MADERA

119%

(+14.4%)

SAUSALITO*

118%

(+20.4%)

FAIRFAX

115%

(+1.8%)

SAN RAFAEL

114%

(+10.7%)

TIBURON

113%

(+15.3%)

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LACK OF INVENTORY

Of the 15 towns monitored, only two had a Month's Supply of Inventory exceeding 1 month:

BELVEDERE

MSI: 4.9

ROSS

MSI: 2

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.

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SIGNS OF A SHIFTING TIDE

GREENBRAE

147% increase in DOM

5 Sold/47 DOM

KENTFIELD

151% increase in DOM

6 Sold/88 DOM

TIBURON

54% increase in DOM/Condos

9 Sold/54 DOM

MILL VALLEY

64% reduction in Unit Sales/Condo

5 Sold

*Median Sales Price

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THE VALUE OF YOUR NEIGHBORHOOD

Stay up-to-speed on your neighborhood metrics:

Marin Market Statistics*

San Francisco Market Statistics**

*BAREIS MLS data

**SFAR MLS data

Please do reach out whenever I may be of

service to you, a family member or friend.

I will ensure your experience is an exceptional one.

✦

Isabelle V. Laub

Cell: 415.533.2332

[email protected]

isabellelaub.com

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