Marin County Market Update | Q2 2017

Q2 | 2017

Marin County

Market Update

TIBURON

sothebyshomes.com/0088352 Last Asking $6,450,000

a message from

Jeffrey Gibson

San Francisco Brokerage Manager Increases in the total number of sales and the median sales price yielded a strong real estate market for all of Marin County in the second quarter of 2017. According to the Bay Area Real Estate Information Services (BAREIS), 5 percent more single-family homes were sold in Marin County in Q2 2017 compared to Q2 2016. Total sales of single-family homes rose to 684 units in Q2 2017 versus 649 units sold in Q2 2016. The median sales price of $1.3 million reflects a 5 percent increase compared to $1.25 million in Q2 2016. The average days a single-family home remained on the market stayed flat.

The markets in Tiburon and Belvedere saw more positive trends. While most other areas in Marin County saw modest increases in price, the consolidated median sales price of homes sold in both Tiburon and Belvedere climbed 15 percent year-over-year, from $2.35 million in Q2 2016 to $2.7 million in Q2 2017. More active than other parts of the county, the total number of single-family homes sold in Tiburon and Belvedere also grew. In Q2 2017, a total of 57 single family homes were sold in those areas, a 30 percent increase from the 44 units sold in Q2 2016. The following charts depict the market details for Marin County, Mill Valley, Ross, Kentfield, Sausalito, Tiburon, Belvedere and San Rafael.

SAN FRANCISCO BROKERAGE

Jeffrey Gibson, Senior Vice President & Brokerage Manager 117 Greenwich Street | San Francisco, CA 94111 | 415.901.1700 sothebyshomes.com/norcal

All data within this document is pulled from the Bay Area Real Estate Information Services (BAREIS). Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc.

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CORTE MADERA

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Market Snapshot Marin County

ASP vs Units sold

Volume

$1,400,000

$5M and Up

Up to $1M

900 800

$1,200,000

700

$3M - $5M

$1,000,000

600

$800,000

500

$600,000

400 300

$400,000 $1M - $3M

200 $200,000

100

$-

0

2013 2014 2015 2016 2017

Sales Volume by Price Category 15 % 62 % 18 % 6%

Median Sale Price vs. Total Units Sold

Under $1 Million

Median Sale Price

$1 Million to $3 Million

Total Units Sold

$3 Million to $5 Million Over $5 Million

Q2 Highlights Marin County

4.0% 3.5%

$5M and Up

Total Units

3.0%

$3M - $5M

2.5% 2.0%

Up to $1M

1.5% 1.0% 0.5% 0.0%

$1M - $3M

-0.5%

Final Sale vs.

Original List 2% -1% 3% 4% 2%

San Rafael Tiburon & Belvedere Mill Valley Ross & Kentfield

Sausalito

Kentfield/Ross

Mill Valley

Tiburon/Belvedere

San Rafael

-1.0%

Total Units Sold

by Price Category 201 419 55 9

Under $1 Million $1 Million to $3 Million $3 Million to $5 Million Over $5 Million

Sausalito

Q2 Highlights

/ Marin County Q2 Market Update

Marin County Single Family Home Sales

Total Volume

Sales Volume

by PriceTotal Units Category $5M and Up

Total Units Sold

by Price Category $3M - $5M

$5M and Up

Up to $1M Up to $1M

$3M - $5M $1M - $3M

$1M - $3M

Median Sale Price

Total Units Sold

Average Price Per Sq. Ft.

Final Sale vs.

Original List

Average Days on Market

5%

5%

4%

-

2%

{2017 vs. 2016}

Change 2017

$1,306,250 684

$732

2%

72

2016

$1,250,000 649

$706

1%

71

2015

$1,150,000

721

$673

2%

85

2014

$1,032,000 775

$619

2%

77

2013

$969,500

$544

1%

76

786

Marin County DOM vs Median Median Sale Price | Total Units Sold

$1,400,000

90

$1,200,000

80 70

$1,000,000

60

$800,000

50 40

$600,000

30

$400,000

20

$200,000

10

$-

0

2013

2014

Median Selling Price Marin County Q2 Market Update / Marin County Overview

2015

2016

Total Units Sold

2017

at a glance {Q2 | 2017}

marin county BELVEDERE CORTE MADERA FAIRFAX LARKSPUR MILL VALLEY NOVATO ROSS SAN ANSELMO SAN RAFAEL SAUSALITO TIBURON

5

%

Change in Median Sale Price {2017 vs. 2016}

5

%

Change in Units Sold {2017 vs. 2016}

684 Units Sold

1.3m

$

Median Sale Price

at a glance {Q2 | 2017}

mill valley

-1

%

Change in Median Sale Price {2017 vs. 2016}

0

%

Change in Units Sold {2017 vs. 2016}

102 Units Sold

1.6m

$

Median Sale Price

Mill Valley

Single Family Homes Sales

units sold - Area Page Sales Volume

$5M and Up

$5M and Up

Total Units Sold

by Price Category

Total Volume Area Page

by Price Category

$3M - $5M

$3M - $5M

Up to $1M

Up to $1M

$1M - $3M

$1M - $3M

Median Sale Price

Total Units Sold

Average Price Per Sq. Ft.

Final Sale vs.

Original List

Average Days on Market

-1%

0%

1%

-

12%

2017

$1,580,000

102

$843

3%

77

2016

$1,589,500

102

$838

1%

69

2015

$1,626,500

125

$808

3%

80

2014

$1,350,000

122

$765

4%

73

2013

$1,250,000

109

$632

3%

69

{2017 vs. 2016}

Change

Median Sale Price | Total Units Sold $1,800,000

82

$1,600,000

80

$1,400,000

78 76

$1,200,000

74

$1,000,000

72

$800,000

70

$600,000

68

$400,000

66

$200,000

64

$-

62

2013

2014

Median Selling Price

2015

2016

2017

Total Units Sold

Mill Valley

/ Marin County Q2 Market Update

Ross & Kentfield

Single Family Home Sales

units sold - Area Page Sales Volume

Total Units Sold

by Price Category

Total Volume Area Page

by Price Category Up to $1M

Up to $1M

$5M and Up

$5M and Up $3M - $5M $3M - $5M

$1M - $3M

Median Sale Price

Total Units Sold

Average Price Per Sq. Ft.

Final Sale vs.

Original List

Average Days on Market

-4%

30%

-5%

-

29%

2017

$2,677,000

43

$1,024

4%

80

2016

$2,800,000 33

$1,083

1%

62

2015

$2,425,000

32

$936

2%

62

2014

$2,100,000

44

$861

2%

76

2013

$2,000,000 43

$832

-2%

65

$1M - $3M

{2017 vs. 2016}

Change

Median Sale Price | Total Units Sold $3,000,000

90 80

$2,500,000

70

$2,000,000

60 50

$1,500,000

40

$1,000,000

30 20

$500,000

10 0

$-

2013

2014

Median Selling Price Marin County Q2 Market Update / Ross & Kentfield

2015

2016

Total Units Sold

2017

at a glance {Q2 | 2017}

ross & kentfield

-4

%

Change in Median Sale Price {2017 vs. 2016}

30

%

Change in Units Sold {2017 vs. 2016}

43 Units Sold

2.7m

$

Median Sale Price

at a glance {Q2 | 2017}

sausalito

8

%

Change in Median Sale Price {2017 vs. 2016}

32

%

Change in Units Sold {2017 vs. 2016}

29 Units Sold

2

$ m Median Sale Price

Sausalito Single Family Homes Sales

units sold - Area Page

$5M and Up

Sales Volume Total Volume Area Page

by Price Category

Total Units Sold

by Price Category $5M and UpUp to $1M

Up to $1M $3M - $5M

$3M - $5M

$1M - $3M

$1M - $3M

Median Sale Price

Total Units Sold

Average Price Per Sq. Ft.

Final Sale vs.

Original List

Average Days on Market

8%

32%

-13%

-

-2%

2017

$1,954,000

29

$937

2%

83

2016

$1,807,500

22

$1,077

2%

85

2015

$1,960,000

19

$1,116

3%

146

2014

$1,614,150

20

$945

-1%

97

2013

$1,470,000

21

$826

5%

83

{2017 vs. 2016}

Change

Median Sale Price | Total Units Sold 160

$2,500,000

140 $2,000,000

120 100

$1,500,000

80 $1,000,000

60 40

$500,000

20 0

$-

2013

2014

Median Selling Price

2015

2016

2017

Total Units Sold

Sausalito

/ Marin County Q2 Market Update

Tiburon & Belvedere

Single Family Home Sales

units sold - Area Page Sales Volume

Total Units Sold

by Price Category

Total Volume Area Page

by Price Category

Up to $1M

$5M and Up

$5M and Up

Up to $1M

$3M - $5M

$3M - $5M $1M - $3M

$1M - $3M

Median Sale Price

Total Units Sold

Average Price Per Sq. Ft.

Final Sale vs.

Original List

Average Days on Market

15%

30%

6%

-

-12%

2017

$2,700,000

57

$1,067

-1%

90

2016

$2,350,000 44

$1,004

-2%

102

2015

$2,625,000

41

$1,077

-6%

240

2014

$2,625,000

49

$940

-2%

155

2013

$2,475,000

49

$850

-2%

92

{2017 vs. 2016}

Change

Median Sale Price | Total Units Sold $2,800,000

300

$2,700,000

250

$2,600,000

200

$2,500,000

150

$2,400,000

100

$2,300,000 $2,200,000

50

$2,100,000

0

2013

2014

Median Selling Price Marin County Q2 Market Update / Tiburon & Belvedere

2015

2016

Total Units Sold

2017

at a glance {Q2 | 2017}

tiburon & belvedere

15

%

Change in Median Sale Price {2017 vs. 2016}

30

%

Change in Units Sold {2017 vs. 2016}

57 Units Sold

2.7m

$

Median Sale Price

at a glance {Q2 | 2017}

san rafael

4

%

Change in Median Sale Price {2017 vs. 2016}

-1

%

Change in Units Sold {2017 vs. 2016}

140 Units Sold

1.1m

$

Median Sale Price

San Rafael Single Family Homes Sales

units sold - Area Page

Sales Volume Total Volume Area Page

by Price Category

$5M and Up

Total Units Sold

by Price$5M Category and Up $3M - $5M

$3M - $5M

Up to $1M

$1M - $3M Up to $1M

$1M - $3M

Median Sale Price

Total Units Sold

Average Price Per Sq. Ft.

Final Sale vs.

Original List

Average Days on Market

4%

-1%

4%

-

5%

2017

$1,146,500

140

$589

2%

66

2016

$1,100,000

141

$564

2%

63

2015

$980,000

147

$559

2%

64

2014

$858,000

167

$489

3%

62

2013

$819,000

171

$425

2%

73

{2017 vs. 2016}

Change

Median Sale Price | Total Units Sold 74

$1,400,000

72

$1,200,000

70

$1,000,000

68

$800,000

66

$600,000

64 62

$400,000

60

$200,000

58 56

$-

2013

2014

Median Selling Price

2015

2016

2017

Total Units Sold

San Rafael

/ Marin County Q2 Market Update

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