Welcome to my May 2018 Marin County Real Estate Market Report! The market is in full-swing and it is the most exciting time of year for those of us who live and breathe real estate. Home buyers are out in full force, and sellers are seeing well-priced and well-presented homes go quickly. Pictured above is my listing 134 Madrone in San Anselmo, which I sold in one day off market for $50,000 over asking. I am seeing more pocket listing activity on Top Agent network than this time last year. While it’s impossible to know the percentage of off-market sales to the total, I believe it is a healthy number.

I repeat what I said last month: If you are a buyer looking only at online portals such as Redfin or Zillow, and not working with a well-connected agent, you’re not seeing all of the homes available in Marin County.

April Was a Good Month in Marin County Real Estate

After a slow start to the season, we made up a lot of time in April and set a new record for the median home price in Marin County. The median for April was $1.516 million, up almost 9% from $1.429 million in 2017. It doesn’t seem that long ago that we were excited about it passing the million dollar mark. Marin real estate continues to be a very, very good investment.

We also saw inventory levels improve, with 34% more homes for sale than the prior month, and 5.6% more homes on the market than the prior year. The latter number should be placed in context, however, as we saw a 44% decline versus prior year last month. As a result of this lower inventory on the market, sales were down almost 3% versus the same time last year.

I’m Never Too Busy For You

In addition to the above-mentioned sale of 134 Madrone, I also had my listing at 65 Corte Amado in Greenbrae sell within a week, significantly over asking. It has not yet closed so I cannot yet discuss the numbers, but my sellers were very happy. The buyers were also excited to get such a beautiful home, and to win the competitive bidding war that broke out.

I just listed my largest-ever listing in Tiburon with Abby Kagan. Le Chateau Tiburon (pictured below), located at 190 Gilmartin Drive and listed for $9,995,000, is a stunning property with jaw-dropping views. I am very excited to offer this listing with Abby.

I have quite a few exciting listings in my pipeline coming soon. Please keep an eye on My Featured Listings page or call me for details on homes coming soon in Tiburon, Corte Madera, San Rafael and San Anselmo.

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.