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Marin County Single-Family Homes Marin County enjoyed a record-setting second quarter as the average sales price soared to the highest in market history. The $1.658 million average price was up 6 percent from Q1’s $1.568 million recorded average, and up 4 percent from the previous year. The amount of available inventory did increase in Q2, which led to an influx of buyers stepping off the sidelines and into the typically busier spring market, resulting in a total of 691 homes being sold. While this figure was much larger than that of Q1 2017, this quarter’s steady 3 percent climb was still somewhat in line with what’s expected of year-over-year trends. Q2 did mark the fifth highest sales volume tally for Marin County since Q1 2008. The county’s average of 38 DOM was similar to that of Q2 2016.

MARIN COUNTY Average Sales Price

Days on Market

Average Price Per Sq. Ft.

Q2 2017

$1,658,495

38

$719

change

6%

-31%

8%

Q1 2017

$1,568,518

56

$667

Q2 2017

$1,658,495

38

$719

change

4%

3%

6%

Q2 2016

$1,597,870

37

$677

* 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 - 2nd Quarter 2017

Profile for McGuire Real Estate

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