Marin County homebuyers once again showed signs of renewed enthusiasm in the second quarter, particularly for homes priced above $2 million. Demand has rebounded at the higher end of the market, and the number of homes priced above $3 million sold so far this year has increased by one-third from the same period last year.
With inventory levels relatively unchanged from one year earlier, the median home price grew moderately in the second quarter, and heightened purchase activity left fewer homes available for sale. Bidding wars increased, and more homes sold over asking price than during the same period last year.
Looking Forward: A seasonal slowdown traditionally occurs during the summer months, but September will bring buyers back to the market. With low inventory still a concern, buyers may face stiff competition and rapidly growing prices.
The Median Home
Q3 sale closest to the Marin County median home price
40 Regina Way, San Rafael, CA 94903
4 Total Baths
2,664 sq. ft.
The High End
One of the most expensive homes sold in Q3
1 Upper Road, Ross, CA 94957
7 Total Baths
9,520 sq. ft.