Marin County Real Estate Market Report July 2024

The Marin real estate market is continuing to strengthen as the shock of higher interest rates begins to wear off and the stock market continues to reach new all-time highs. In June, the median home price in Marin was up 10% to $1.98 million, as supply continued to climb, up 33% vs. the same time last year.

Some buyers who have been on the sidelines are returning to the market while others are taking a ”wait and see” approach according to this CBS Marketwatch article: “Mortgage rates are poised to come down, as the likelihood of a Federal Reserve rate cut grows amid signs that the U.S. economy could be slowing down. Meanwhile, political uncertainty… with the upcoming November presidential election and unease over the direction of monetary policy, mortgage rates and home prices — has also spooked some would-be home buyers.”

In my past experience the market takes a breather before presidential elections, however it does appear that the Marin market is bucking that trend. According to the Golden Gate Sotheby’s Bay Area Real Estate Market Report (below), the Bay Area, led by Marin, experienced volume growth in the last quarter: “The number of sales increased in every SF Bay Area county this quarter compared to last quarter, led by Marin County. Neighborhoods near major jobs centers in San Francisco, San Mateo and Santa Clara counties saw the largest increases in home buying.”

I also know in talking to stagers, inspectores and other Realtors, that there are quite a few new listings being prepped for the market for an August/September launch. 

I am working with a number of buyers at this time who are searching for their dream homes, and have several listings in the pipeline that will be coming soon. Continue reading below for more details.

Coming Soon!

I have a gorgeous vintage home with modern updates in the coveted Forbes neighborhood coming to the market in August. Stay tuned!

I also have a beautiful historic home on just over an acre located in the Winship Park neighborhood of San Anselmo that will be coming on the market in late August/Early December. 

I am also working on a great home in the Tam Valley area of Mill Valley which offers a great floor plan, a large back yard and views. This home will be coming on the market later in the Fall.

Price Improvement in Country Club

I just announced a price improvement for 378 Margarita Drive in San Rafael’s Country Club neighborhood last week. It is a spectacular Country Club gated estate offering complete privacy and stunning panoramic views, situated on two acres of very private land. Offered exclusively for $2,5695,000 – click here for more information.

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How Can I Help?

While the market is shifting, there are many opportunities out there for smart buyers and sellers. Let me help pave the road to success for you!

These market reports are a great place to start, but let’s continue the conversation. I am always happy to discuss the market and the best way to approach buying or selling a home in Marin County or the greater Bay Area. 

If you have any questions about the market or are considering your next real estate move, please don’t hesitate to reach out. Together, let’s make your real estate goals a reality. Call or text me anytime at 415-847-5584.