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Marin County Real Estate Tracker: September 2020

Corcoran MarketTracker
The Sky’s the Limit
There’s nothing like a pandemic to convince City dwellers of what Marin-ites have known for decades: life is good on the other side of the Golden Gate.

The Marin market is taking off. Multiple bids are the new normal as SF transplants cross the bridge and aggressively overbid desirable homes. Inventory continues to hover around 1 months supply of inventory (MSI), and, for the second month in a row, almost 50% of all active listings of single family homes were sold. This is an incredibly high absorption rate, one which we would typically see only around December or January when inventory is very low (around the new year, people pull homes off the market for the holidays). To see an absorption rate this high during a “normal” selling month is almost unheard of.

Commute, What Commute?
Towns like San Anselmo and Fairfax are experiencing a renaissance in the age of work from home. (They have always been cool places to live, but the long commute into SF used to make them less popular.) MSP for single family homes has jumped up 19.7% compared to August 2019.

SIP in Style
This fervor isn’t just for affordable homes. Luxury properties are also flying off the shelves.
There were 37 properties over $3M sold in June, 47 in July, and 48 in August, which is 2-3 times the normal amount. After all, Marin has great weather, beautiful natural landscapes, great schools, and properties with amenities like pools and guest houses. What wealthy person wouldn’t want to shelter in place in Marin?!

With such a competitive marketplace, there are few things as important as a savvy Realtor who can help you navigate the market and get your offer accepted.

All Marin

Sold for $2,275,000

8 Hill Street, Mill Valley
3BR // 2.5BA // Listed for $2,000,000

Sold for $3,300,000

428 Golden Gate Avenue, Belvedere
4BR // 3.5BA // Listed for $3,710,000

Sold for $1,615,000

12 Acacia Road, Fairfax
3BR // 2BA // Listed for $1,495,000

Sold for $1,700,018

18 Meernaa Avenue, Fairfax
3BR // 2.5BA // Listed for $1,395,000

Newest Listings »

Recent Sales »

Happenings Around the Bay Area

Explore the Bay Area’s best pumpkin patches. Can you believe it’s that time of year already? You’ll find pumpkins that are all shapes and all sizes for everyone in the family to take their pick. Alongside
the pumpkin picking fun are corn mazes, pumpkin trains and face painting. Click here to read about details to keep you safe with COVID-19 precautions.

There are so many hidden gems in Golden Gate Park. One of these gems is Stow Lake. You can rent a pedal boat or row boat and get up close to waterfalls and historic bridges. Grab a quick bite at the Stow
Lake Boathouse if you get hungry. This weekend outing is great for all ages making this a great destination.

As we all know, we are still amidst the global pandemic. We are all eager to get back out there as businesses reopen. Gov. Newsom announced a four-tier reopening system. From salons, to dining to gyms or
movie theatres, take a look by county here to see what to expect in your area.
David O'Brien
Broker Associate GRI
LIC# 01832087
Deirdre O'Brien
LIC# 1990538
Source: San Francisco Association of REALTORS® MLS (SFAR MLS). Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.

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