(415) 515-9357
  • Home
  • Build Wealth
    • What is Your Home Worth?
    • Marin Market Reports
  • Sell
    • How We Sell Your Home
    • Preparing Your Home
    • Sold Listings
  • Buy
    • Home Search
    • Why Buyers Choose Us
    • New Listings
    • Luxury Homes
    • User Login
  • About Marin
    • All About Marin
    • Marin Towns
    • Marin Schools
    • LivinginMarin Blog
  • Living in Marin Blog
  • About Us
    • Working with Us
    • Our Team

Marin Home Prices Past and Future

January 26, 2017

Marin home prices have appreciated greatly over the last five year. The statistics show a surge in values in 2013 to 2015, and a recent leveling.

Prices for single family homes increased 57% over the last five years:

Year Median Price Increase
2012 $765,000 —
2013 $900,000 18%
2014 $1,010,000 12%
2015 $1,105,000 9%
2016 $1,199,000 9%

The increase in 2016 was about 9%.

Prices for condos and townhouses increased 83% over the last five years:

Year Median Price Increase
2012 $325,000 —
2013 $426,000 31%
2014 $495,000 16%
2015 $560,000 13%
2016 $595,000 6%

The increase in 2016 was about 6%.

Desirable homes sold quickly and over list price
Up to 50% of single family homes and up to 44% of condos/townhouses sold and closed within 30 days.  Homes that sold fast also commanded prices about 4% over list price. Buyers are prepared and ready to buy the most desirable homes. The factors that affect desirability include location, appearance, and school district, and supply. 

Please contact Madeline to find out more about the desirability of your home. If you are considering selling your house, we can evaluate the conditions that will give you a fast sale and highest price.

Outlook for 2017
Here are the factors that will affect Marin home sales in 2017 and beyond:

  • The supply of houses is low and many buyers are actively shopping.  We just gave out 17 disclosure packets on our latest listing,  and the seller received five offers after one week on the market.  The open house was packed with very motivated buyers.
  • The area economy is healthy and Bay Area industry (including tech and biotech) is still expanding. However, there are indications from the state that the overall economy in 2017 will not meet previous projections. 
  • We expect many more homes listed for sale in February and March, but this number may not keep up with demand.
  • The extremely low mortgage rates of recent years have increased, and we expect that they will continue to increase. This will particularly influence first-time buyers. 
  • Consumer confidence is very strong now but could shift, depending on the political climate and changes in the national economy. A change in consumer confidence could effect the real estate market both locally and nationally.
  • High yearly increases in home values are not sustainable indefinitely. The market could soon level out. Hopefully, demand and the economy will support a level market. 

We are expecting a robust year for Marin real estate. 

When to sell?
If you have been considering selling your home in the next few years, this could be your best opportunity in years to realize your equity and move on. If you wait till after the rainy season, a large increase in listings could saturate the market and weaken prices
. Please contact Madeline to discuss your specific plans and needs.  

 

Filed Under: Marin County Real Estate, Marin Real Estate News Tagged With: Belvedere, Condo, Corte Madera, Fairfax, Greenbrae, Kentfield, Larkspur, Madeline Schaider Real Estate, Mill Valley, Novato, Ross, San Anselmo, San Rafael, Sausalito, Single Family Home, Tiburon, Townhome, West Marin

Madeline Schaider

Madeline Schaider

Marin County Real Estate
(415) 515-9357 Mobile/Text
Contact Madeline

Quick Home Search

Loading...

Living In Marin Blog

Madeline Schaider Real Estate voted best in Marin for fourth year.

Madeline Schaider Again Voted as Best in Marin!

Marin County Happy Homeowners

Keeping Your Property Taxes Low – Senior Exemptions

See More Blogs

Instagram @livinginmarin

livinginmarin

View

Jun 5

Open
Exploring the Waterfront Town of Sausalito⛵️

Owning Sausalito real estate is like living on the French Riviera. Only minutes to the Golden Gate Bridge, Sausalito residents enjoy the charm of this seaside town and the sophistication of San Francisco. Sausalito has striking vistas of San Francisco to the south and San Francisco Bay and Mt Tamalpais to the east and north.

Sausalito was settled by Europeans who appreciated the unique setting. Before the Golden Gate Bridge, Sausalito was a stopping place for sailing ships to buy wood from the hillsides and fresh water from its mountain springs. Today, Sausalito real estate provides a mix of houses, from restored Victorians to cozy condos. And, there is a unique community of about 600 houseboats on Richardson Bay that range from funky to spacious and elegant.

Read more about Sausalito on our website, link in bio!📲

#livinginmarin #marincounty #sausalito #touristattractions #realestate #luxuryrealestate #luxuryproperties #interiordesign #sausalitorealestate #sanfrancisco #bayarea
Load More Follow on Instagram

Madeline Schaider Real Estate

(415) 515-9357 Mobile/Text
madeline@livinginmarin.com
CA DRE# 01082913
  • Email
  • Facebook
  • Instagram
  • LinkedIn
  • Twitter

© 2023 All Rights Reserved  •  Privacy Policy  •  Accessibility  •  Real Estate Website Design by IDXCentral.com

Cleantalk Pixel

Sign Up to Receive Our Marin County Email Newsletter

"*" indicates required fields

Name*
This field is for validation purposes and should be left unchanged.