Marin County Luxury Home Sales (Market Report)

The number of Marin luxury homes for sale continues to rise. In the $2 million to $4 million range, the number of active listings is up by 9 for a total of 107 homes. That may seem like a lot. But, 38 homes in that price range sold in Marin last month (up from 23 the month before).  

Mill Valley and Tiburon account for the largest number of homes sold last month in the $2 million - $4 million market segment - 10 homes each (the average days on market was about 52 and the average sales price about $2.8 million). Tiburon and Mill Valley also have the most homes currently in escrow with 20 between them. They are followed by Ross and Kentfield with 3 each. 

In the $4 million and up range, there are currently 45 active homes on the market in Marin, up by 1 from last month. Tiburon leads the pack with 18 homes, followed by Belvedere (with 7) and Ross and Kentfield (with 6 each). Sales is this price range are led by Kentfield, which saw 4 homes sell last month with an average days on market of 114 days (this number is skewed because a home sold that had been on the market well over a year), an average selling price of $6.05 million, and an average price per square foot of $1,007. Also, Ross had 2 homes sell and Tiburon had 1.  Worth noting, is the fact that the Bill Graham estate in Corte Madera has gone into escrow at an asking price of $24 million. 

Below is a graph identifying the numbers of active listings and homes in contract in Marin's luxury market segment. Note that all homes in contract are included in the category "Pending" even though some are technically "Contingent" properties. Call Kyle Frazier, Frank Howard Allen Realtors Marin, at 415/350-9440 with any questions.