This report shows how real estate performed in Marin in the last quarter of 2019 and what current conditions are like.
Prices continued their upward march, up 6% both from the third quarter of the year, and from what they were in Q4 of last year. List prices were also up 4% from what they were in Q3, and 5% from what they were in Q4 of last year. These increases, however, are less pronounced when we look only at single family homes and then at condos as you can see in the tables below. The number of sales was up from Q4 of the previous year, from 628 homes to 715. Median sales prices were nearly identical to list prices. These prices mark a turnaround from Q3 where sales were off by 2% from the previous quarter.
The median price for single family homes in Q4 was $1,310,000 compared with $1,282,500 in the previous quarter. And the median price for condos was $639,000, up from $630,000 in Q3. The Days on Market has gone from 36 to 40, a favorable development for buyers.
It remains a Balanced Market for homes under $1,500,000 and a Buyers Market for homes higher than that.
To view a detailed list of prices by town and to see how prices for single family homes and condos have changed over the past 10 years, click here. Feel free to send me your comments or questions and please call if I can be of assistance to you in buying, selling or leasing a home or income property in the North Bay