Marin real estate is benefiting from back-to-record-low mortgage rates (as little as 3.5% on a 30 year fixed), moderate inventory, and what seems like an endless pool of buyers.
New inventory and what was left over from this past Spring, seemed to slip easily into escrow keeping the number of deals buoyant this past month (208 vs. 195 same time last year), but with prices rising just a tad (Marin median at $1,210,000 vs. $1,186,000)!
Well, it's happened! The market finally matches the weather this July; at this writing both the outside temperatures and the Marin real estate market are in the midst of a summer's heat wave! Read more in this month's Marin Market Update.
196 single family homes were sold in Marin in April, with a median sold price of $1,325,000, a 7.5% price increase from this time last year. Corte Madera, Fairfax, Mill Valley, San Anselmo, and San Rafael saw the most significant increases year over year.
The first quarter of 2017 has been strong. Strong, from a real estate perspective, in that with little inventory in the Bay Area, Marin buyers are stepping up and making deals happen. Find out more in this month's Marin Market Update!
The Marin residential real estate market has seen increasing inventory over the past month and the excitement it's creating is energizing. Perhaps this burst is happening now that there are a few solid days of sunshine, and perhaps a little early, but the Spring selling season is upon us