Marin Community and Real Estate Market Report - 5/26/2021

Marin Community Update

State officials have confirmed that, with some restrictions, California will reopen on June 15th. Ronnie's Awesome List is a great resource for family-friendly activities available now and coming soon, including a shark exhibit opening at the California Academy of Sciences on May 28, Transcendence Theatre Company's 2021 season of Broadway Under the Stars commencing on June 4, and a free art day at the Marin Museum of Contemporary Art on June 6. Ronnie's Awesome List also suggests a number of resources for teaching children about water conservation, as Marin grapples with an exceptionally dry season.

Real Estate

Market Report

Open Houses are back! Some restrictions still apply, including masks, signing in, and limitations on the number of visitors allowed at one time.

With the end of the school year approaching and summer travel once again possible, there is speculation about a return to pre-covid seasonal patterns and a summer lull. But demand remains extraordinarily high and inventory is still at historic low levels, so the Marin market is likely to remain very active.

The latest statistics continue to confirm what a tremendous investment Marin real estate is. Below is a summary of the y

ear-to-date and year-over-year changes, c

omparing January-April 2021 with January-April 2020, and charts illustrating the inexorable growth in Marin real estate values.

Houses:

Median sales price: +24%
Median price per square foot: +23%
Sales volume: +105%
Luxury home sales ($3,000,000+): +277%
Median days on market: down to 16 from 29 days
Percent of sales over list price: up to 65% from 39% of sales
Median percentage of sales price to list price: up to 103.3% from 100% of list price

Condos:

Median sales price: +8%
Median price per square foot: +10%
Sales volume: +43%
Median days on market: down to 32 from 34 days
Percent of sales over list price: down to 37% from 41% of sales
Median percentage of sales price to list price: constant at 100% of list price

Our Current Listings

Luxury isn't defined by the price of the home,

but by the quality of our services

74 Baywood Avenue, Ross Offered at $3,895,000 - Pending 4 Bed \| 3.5 Bath	298 Bella Vista Avenue, Belvedere Offered at $2,950,000 3 Bed \| 2.5 Bath
27 Bellevue Avenue, Belvedere Offered at $14,900,000 3 Bed \| 5 Bath	4709 Paradise Drive, Tiburon Offered at $5,865,000 4 Bed \| 4.5 Bath
138-142 Rock Hill Drive, Tiburon $8,000,000 2 Parcels \| 111,162 Feet	37 Stevens Place, San Rafael Offered at $799,000 2 Bed \| 1 Bath
3 Via Paraiso West, Tiburon Offered at $13,750,000 5 Bed \| 7 Bath	58 Beach Road, Belvedere Offered at $5,200,000 3 Bed \| 2 Bath

SmithAylwin.com

With decades of award-winning real estate experience, the Smith + Aylwin team is dedicated to helping you achieve your real estate goals. We encourage you to visit our website for more information and resources. Our team is always available by phone, text, email, zoom, and social media. Please reach out if we can be of assistance in any way.

We look forward to talking with you soon!

Bill and Ann

Bill Smith

Luxury Property Specialist

415.902.4456

[email protected]

DRE #01229913

Ann Aylwin

Luxury Property Specialist

415.902.3909

[email protected]

DRE #01960821

Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. Equal Housing Opportunity.

Marin Community and Real Estate Market Report - 5/26/2021

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