Welcome to my Marin County real estate market report for March! This month marks the beginning of the big Marin County real estate spring season, and is the month when we normally see an influx of buyers and sellers. Inventory and pricing both increased in February. Last month we saw the number of homes for sale up about 14% versus the same time last year, with median pricing up about 12%.

This reverses the trend we had seen over the last few months, with inventories up and pricing beginning to flatten. Interest rates are also at 10-month lows, with no signs of significant increases this year. All indicators point to a strong spring season for buyers and sellers in the Bay Area.

The market is a little “slower” than years past, with days on market up about 22 percent. The weather has dampened activity a bit and it remains to be seen if we will see the spring frenzy of prior years. My business is very brisk (see below) which is a good indicator of what may be to come.

Marin Real Estate Market: Spring Awakening

In my business, I just had three homes go into escrow in the first 10 days of March. The buyers are out there!  I am also preparing a number of beautiful listings that will be coming on in the next couple of months, from a ranch in Ukiah to two mid-century moderns in San Rafael to a modern estate in the Dominican to two beautiful homes in Mill Valley. Please watch my website or social media for details.

Further Reading about the Market

Here are a few articles which you might find interesting… the first article about all the upcoming IPO’s in San Francisco and their potential impact on real estate values has drawn a lot of attention. It’s a bit sensationalized but worth checking out. I guarantee it will come up at the next dinner party you attend.

“Thousands of New Millionaires Are About to Eat San Francisco Alive” in the New York Times

“Mortgage Rates Remain Low” in Realtor Magazine

“Price Cuts Tick up in San Francisco, Pending Sales Still Down by SocketSite

“Housing Starts Rebound in January” by Wells Fargo

“Report: Reasons to be Bullish on Housing in the Long Term” by Real Trends

And one to make you smile:

“Terrible Real Estate Photos” by Bored Panda

We are back to my favorite time of the year — the excitement of spring, with longer days, my garden coming into bloom, and lots of excited buyers and sellers. Please call me at 415-847-5584 if I can be of any assistance with your real estate needs.

I Am Never Too Busy For You

Please keep an eye on My Featured Listings page or call me for details on homes coming soon or being held as pocket listings. Whether you are a buyer, a seller, or just want to learn more about the market for a potential future move, I am always happy to talk about the Marin real estate market.

These market reports are a great place to start — but let’s continue the conversation. Call me at 415-847-5584 and I can provide you with a personalized market overview tailored to your specific situation. To those who read this report, thank you for all your support of my business. I couldn’t do it without you.