Stinson Beach Market Report 2024

STINSON BEACH MARKET REPORT 2024

PRESENTED BY THE SHERFEY GROUP

STINSON BEACH REAL ESTATE MARKET OVERVIEW 2024

In 2024 the Stinson Beach real estate market maintained its reputation of highly sought-after and high-value assets despite broader economic headwinds. Limited inventory and an even rarer decrease in average sale price was countered with the price per square foot increasing. As we reflect on market trends, Stinson Beach real estate valuations remain extremely strong.

2023 and 2024 transactions were steady with twelve and thirteen properties sold respectively. Three sales closed in the first half of 2024, and ten in the second half. We credit the second half of the year activity with the completion of the national Presidential election and the growth in Artificial Intelligence companies in the Bay Area. The average sale price in 2024 was $4,288,558, a 27.4% decrease from 2023. However, the average price per square foot rose 7.6% to $2,812. Notably, properties took 33% longer to sell in 2024 than in 2023, with the average days on market at 59. For a short-term comparison, the average sale price in 2019 was $2,531,325.

NEIGHBORHOOD TRENDS - An oceanfront in the Patios/Calles set a record price in 2024 and overall we saw an 8.8% increase in price per square foot over the past five years. We credit this record with the buyer-perceived value as comparable to a Seadrift oceanfront. Three homes sold on the Seadrift Lagoon with a price per square foot of $6,048, up 6.5% from 2023. The Hill/Panoramic neighborhood saw the average sale price decrease by 28%, but the price per square foot increased by 15%, due to smaller properties selling compared to 2023.

The Seadrift Oceanfront market had a unique year. Six properties were listed, but only one closed escrow. The remaining five listings, with an average list price of $15,529,000 and an average price per square foot of $6,048, were on the market for an average of 157 days. Some have since been withdrawn, while others remain for sale. We do not expect these listing prices to soften too much as Seadrift remains one of the most sought-after communities in Northern California.

ADDITIONAL SALES - Three additional sales provide further insight into the localized pricing of the Stinson Beach market. One partial ownership of a Calles oceanfront sold for $900,000, one Calles (non-oceanfront) home sold for $2,220,000 ($2,312/sq ft), and one home in Seadrift not on the lagoon or ocean sold for $3,796,250 ($2,113/sq ft).

If you are considering your real estate options, please contact us for a complimentary consultation. As a team, we value trust and discretion and look forward to serving you. We’re locally rooted, globally connected, and leading our industry.

THE SHERFEY GROUP

Golden Gate Sotheby’s International Realty 3605 Shoreline Hwy, Stinson Beach, California 415.203.2648 | 415.302.9408

sherfeygroup@ggsir.com www.thesherfeygroup.com

THE SHERFEY GROUP

#1 IN SALES VOLUME AND UNITS SOLD IN STINSON BEACH IN 2024

Barbara Sherfey Mitchell

Sara Sherfey Gemma

SEADRIFT OCEANFRONT

Seadrift Oceanfront offers an unparalleled level of exclusivity. With a limited inventory of just 124 oceanfront homes, this coveted location ensures a truly celebrated and distinguished living experience.

AVERAGE SALE PRICE

The Seadrift Oceanfront market had a very unique year with just one oceanfront property selling. There were five additional oceanfront listings that did not sell. Below are that stats on those properties that did not sell.

SEADRIFT

2024

ADDITIONAL LISTING STATS (additional listings that did not sell)

$15,529,000 avg list price

2,555 avg sq ft

$6,048

157

SEADRIFT LAGOON

The Seadrift Inner Lagoon remains one of Stinson’s most coveted real estate destinations. This gated community, with its exclusive access to the tranquil inner lagoon and abundant recreational opportunities, offers an unparalleled lifestyle for families of all ages.

AVERAGE SALE PRICE

SEADRIFT LAGOON

2024 KEY STATS

$5,100,000 highest sale

3 total units sold

176 total unit inventory

$4,881,667 avg list price $4,700,000 avg sale price 1,624 avg sq ft

$3,049 avg price sq ft

51 avg days on mkt

PATIOS / CALLES OCEANFRONT

10 Sonoma Patio – Buyer and Seller Represented by The Sherfey Group

The oceanfront homes on the Patios and Calles offer unparalleled beauty and location convenience. Enjoy breathtaking ocean views and direct beach access, all while being within walking distance to downtown.

AVERAGE SALE PRICE

PATIOS / CALLES OCEANFRONT

2024 KEY STATS

$9,000,000 highest sale

3 total units sold

151 total unit inventory

$5,840,000 avg list price $5,628,333 avg sale price 1,930 avg sq ft $2,846 avg price sq ft

110 avg days on mkt

The Hill and Panoramic neighborhoods are renowned for their idyllic setting, offering unparalleled access to Mt. Tam’s breathtaking hiking trails, stunning ocean vistas, and the tranquility of quiet streets. These sought-after locations provide a retreat for those seeking a peaceful and connected lifestyle.

AVERAGE SALE PRICE