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You are here: Home / Marin County Real Estate Market Report – January 2016

Marin County Real Estate Market Report – January 2016

MARKET SNAPSHOT

The inventory of homes for sale in Marin County is at the lowest level in the last ten years. January offered only half of the average number of units for sale compared to January 2015, and 15% of the inventory of 2007, the height of the market. The end of the Super Bowl marks the start of what should be an upward trend in listing inventory. It is a seller’s market and homes priced within a reasonable range of their final sale price are moving quickly with multiple offers.

Our company website now offers buyers a way to access our listings “Not on MLS.” To get the first update of listings on the market, we encourage you to find the off market properties under the Property Search menu at the top of our website.

HOME SALES BY AREA

There was a decrease of the number of homes sales in January of 45% from December, which was unexpected. Typically, December is one of the slower months as homes are removed from the market during the holidays. The decrease is largely due to the extremely low inventory.

MARIN MARKET BY PRICE POINT

The $1-$2 million price range remains the leading price range in active homes on the market in Marin County. The under $1 million and $2-$3 million ranges follow closely behind with 32 and 31 active homes.

HOMES IN CONTRACT

Fairfax leads Marin County for the month of January with the highest percentage of homes in contract at 100%. Larkspur and Novato follow closely behind at 71% and 60%. The month was the lowest for the Beach Cities and Kentfield, with 0% of homes in contract; although, the higher end market in Kentfield plays a large role in this percentage.

AVERAGE SALE PRICE

The Marin County market experienced an increase in average list prices from December to January mostly due to low inventory in the lower price ranges. The average sale price has been decreasing since November, as sellers who need to sell generally stay on the market through the year end and are willing to accept lower prices, particularly when their property has not sold during the peak of the season in the spring, early summer and October.

NUMBER OF HOMES LISTED AND SOLD

The inventory in January is nearly half the previous year. Low inventory has been a problem in achieving a balanced market for the last few years. The sales, however, were roughly the same as this month last year. Inventory is expected to increase over the next few months as we move in the listing season, which typically starts at the end of February and into March and April.

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Marin County Real Estate

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Larkspur, CA 94939
Phone: 415-793-0015
Email: bz@marinhomelistings.com

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Your Marin County Agent

Behzad Zandi - Marin County Real Estate Agent

A local of Marin County, Behzad has over two decades of experience in financing and in real estate.

He first began his career in the mortgage industry in 1994. By 2006, he received his broker’s license and expanded into the real estate market.

His extensive knowledge of both finance and real estate has served him well, and he has since gone on to win multiple awards including: the Highest Dollar Volume Award, the Gold and Silver awards, and the President’s Club. He also received the Executive Club’s award for four years in a row. Behzad was honored to be recognized as a Top Producing Agent at Decker Bullock Sotheby’s International Realty for 2015 & 2016. He currently is the broker associate at Bayview Residential and a top producer both on real estate and finance.

He studied engineering in England but changed field to Film Making in San Francisco and went on to make several documentaries. This experience of different cultures and getting to know people on a personal level has helped him to take great pride in his commitment to his clients — not a day goes by that he is not persistently working to make their real estate dreams a reality.

To make your next real estate move a victorious one, contact Behzad to start a discussion of your needs.

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