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Marin County Single-Family Homes Marin County sellers had cause to celebrate in Q1 2017. The $1.568 million average home sale here was the second-highest in market history, and was up 13 percent year-over-year. On the other hand, buyers had to deal with a competitive market in which multiple cash offers and low inventory were prevalent themes. The 331 homes sold—while up 6 percent year-overyear—was the second-lowest quarterly sales volume tally since Q1 2009. Homes also moved quickly, with the 56 DOM average being 14 percent faster than the pace held in Q1 2016. Buyers should expect minimal price growth and a near-twofold increase in overall sales— and more options— as we look to Q2 2017.

MARIN COUNTY Average Sales Price

Days on Market

Average Price Per Sq. Ft.

Q1 2017

$1,568,518

56

$667

change

9%

-6%

5%

Q4 2016

$1,433,891

59

$634

Q1 2017

$1,568,518

56

$667

change

13%

-14%

8%

Q1 2016

$1,390,373

65

$620

* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance

Page 18 | McGuire Real Estate Quarterly Report - 1st Quarter 2017

Profile for McGuire Real Estate

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