Marin Real Estate Update - Q1 2020

By
Real Estate Agent with Marin Realty Experts

Has the coronavirus affected the real estate market in Marin? It undoubtedly has though it’s too early to draw concrete conclusions since we have only seen the “shelter in place” guidelines since the middle of March. The one thing that does seem to be happening is a slowdown in the number of sales. With Open Houses not taking place and with more restrictions on showing homes, this is a reasonable effect. There were 432 sales in Q1 vs 715 in the previous quarter and 516 in the same quarter last year.

Prices continued to inch up, however, with the median price of single family homes up 1% for the quarter and 6% for the year, to $1,329,000. The median price of condos was $650,000 up 2% for the quarter and up 1% for the year.

Median sales prices were nearly identical to list prices, a continuing trend from the last quarter.

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.
  

Thanks, 
Peter Nielsen, Broker 
Marin Realty Experts 
  415-299-0487

 

Comments (3)

Joseph Doohan
Joseph Doohan - Las Vegas, NV
I offer business strategy advice for realtors

Thank you for taking the time to keep us posted and up to date. Wishing you a great day ahead! Take care.

Apr 09, 2020 01:23 AM
The Woodland Team of Texas
The Woodland Companies - Austin, TX
Land Specialists

Thanks for sharing the information on this community, I hope you sell many of these homes. 

Sara

Apr 09, 2020 10:39 PM
Anonymous
bEshVvnAMepBwNly

GkSBHatsITwWK

Sep 02, 2020 11:06 PM
#3

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?