This record activity occurred while sales volume rebounded tremendously from the somewhat bleak Q1, with the 702 homes sold being an 87 percent gain from the previous quarter.
Inventory remains scarce here, as Marin County was one of only two Bay Area home markets that didn’t experience year-over-year sales volume growth. The average 53 DOM was a fairly typical number for the area.
SALES PRICE CHANGE
Marin County’s price changes were rather modest when compared to the other two upper-echelon counties of San Francisco and San Mateo. Homes that required no price change netted 105 percent of initial listing, while sellers who tested the market recouped 90 percent of their initial list price.
AVERAGE SALES PRICE BY CITY – THE TOP 10
While Belvedere’s massive 194 percent increase was skewed by a small data pool of six sales, it’s a testament to the city’s consistent upward trajectory that half of those closings eclipsed the $10 million mark. Additional market strength came from areas like Kentfield, Stinson Beach and San Rafael, with year-over-year gains of 31 percent, 27 percent and 20 percent, respectively.