Marin County Real Estate - September 2020 Report

Marin County Real Estate - September 2020 Report

  • Faber Real Estate Team
  • August 31, 2020

Marin County Real Estate 

September 2020 Report 

 
Very surprisingly, the terrible fires did not significantly impact the number of deals being made in most Bay Area counties during the last 2 weeks of August - the exceptions being Santa Cruz, Sonoma, Monterey and Napa Counties, which saw declines of 13% to 33%. Marin's numbers didn't really change at all in the second half of the month. (This chart looks at week by week activity in the Bay Area.)
 
Bay Area listings accepting offers by week in 2020, showing the pandemic drop and rebound.
 
Year-to-date, house sales and median house sales prices by city:  As can be seen, Novato and San Rafael dominate in terms of sales volume. 
 
Marin County 2020 year-to-date home sales and median prices by community; San Rafael and Novato lead in sales.
 
2 charts - shorter-term and longer-term - regarding the Marin median house sales price. 
 
Chart tracking Marin County median home sale prices from 1991 to 2020, rising to nearly $1.5 million.
 
Bay Area median house sales prices, summer 2020. We've also broken out the more expensive county markets - generally located in central and southern Marin. 
 
Bay Area summer 2020 home price chart comparing median prices and square footage across counties.
 
Bay Area median house sales prices, summer 2020. We've also broken out the more expensive county markets - generally located in central and southern Marin. 
 
Bar chart comparing summer 2019 and 2020 luxury home sales across ten Bay Area markets, with year-over-year percentage changes.
 
Bay Area luxury home markets: Year-over-year, summer sales volumes and percentage changes. Marin County saw its luxury sales more than double over summer 2019. As compared to its population count, Marin has a very large and dynamic luxury home segment. 
 
Marin County active listings chart, January 2017–August 2020, peaking in mid-2019 before rising again in 2020.
 
Active house listings and median house listing price by city as of September 7th. These numbers change daily, as new listings come on market and existing listings go into contract.
 
Bar chart comparing active home listings and median asking prices across Marin County communities.
 
Active listings on the market in late August by price segment and property type. These numbers change daily. 
 
Bar chart of Marin County active listings by price segment, comparing condo and house counts as of August 26, 2020.
 
Active luxury home listing on market in late August by city. These numbers change daily. 
 
Bar chart of active luxury listings across eight Marin County communities, divided into three price tiers.
 
Year-over-year market indicators: New listings are up 35% vs. the number of listings going into contract up 65%. Buyers are snapping up listings faster than sellers are putting their homes on the market. 
 
Marin County market trends chart comparing new listings and contracts, with year-over-year increases and pandemic-era trend lines.
 
The lower the Months Supply of Inventory (MSI), the stronger the demand as compared to the supply of listings. Most of the Marin market remains very deep in "seller's market" territory by this measure.
 
Bar chart of Marin County housing inventory by price segment, ranging from 0.7 to 4.6 months of supply.
 
Another indicator of high demand: Very few price reductions. 
 
Bar chart of Marin County active listing price reductions from January 2017 through August 2020, with seasonal peaks highlighted.
 
 
Want to get a hyper local market analysis?
 
Contact [email protected]


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