Single Family Homes:
August’s median sales price popped back up from July to $1,485,000. Prices are up 8.4% above August, 2016. And, since August, 2012, the median sold price in central/southern Marin has risen 68.8% from $880,000.
Inventory continues to be very low, at just 1.5 months, the result of fewer homes coming on the market while sales stay fairly constant. The number of new listings on the market year-to-date is down 12% from 2016 while the number of sales is up 2.1%.
The median percentage of list price received dropped for the fourth straight month, to 98%. This is off from April’s peak of 103% and down again from July’s 99%. It is up from last August’s 96%.
Median sold prices are down 3.6%, to $675,000, compared to August 2016’s $700,000. However, the median sold price is up 66% compared to August 2012’s $407,000.
In August, median percentage of list price received was up from July’s 99% to 103%, and also ahead of last August’s 98%.
The number of condo/townhome listings are also down year-to-date compared to 2016, by 6.8%. And, like single family homes, sales are up over that same time frame by 7%. Current inventory stands at a very low 1.1 months supply.