Marin Real Estate Market Report

June 2024

In May we saw the median home price in Marin County break the $2 million barrier again, the first time since June of 2022. All of the metrics are up vs. the same month last year, with the number of homes for sale up 38% and the months of supply up 33% to two months. The number of listings increased in all SF Bay Area counties, though inventory expanded the most in Alameda, Marin and San Francisco counties.

The market is starting to feel more like a “normal” market after going into a bit of retrenchment as interest rates inched higher. The strong stock market and jobs market, despite some layoffs, continue to fuel the Marin real estate market. I am working with a number of buyers who are looking for great schools and lifestyle afforded here in Marin.

Anecdotally, in speaking with other agents many of them are telling me they are seeing a slowdown for sellers. The data in the chart above would support that, with inventories of for sale homes in Marin up 38% vs. the same time last year. In wine country the shift is much more pronounced with a record number of homes for sale in places like Yountville and St. Helena. 

It remains to be seen if this is just the summer slowdown but the market is still a strong one and the summer should be a great time for buyers to peruse listings with less competition from other buyers.

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 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 this year

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 $2,695,000 – click here for more information.

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.