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Southern/Central Marin County Real Estate Report August 2018

August 28 2018
August 28 2018

Fortune Magazine’s recent article “The End is Near for the Economic Boom” is representative of the cautionary tone of a growing number of financial advisors, investors and economists that the expansionary economy we’ve had since 2009 is nearing its end.

Facebook’s dramatic 20% share price one-day drop (it’s still down over 17%) and Netflix’s 18% share price decrease may have injected further buyer caution into a market where prices were already showing signs of leveling off.

Southern/Central Marin’s three-month rolling median home sales prices are down slightly over 2017 while condo prices are considerably higher.

Single Family Homes:

The three-month rolling average median sales price of $1,440,667 is down 1.2% over last year’s.

Year-to-date, new listings are down 4.9% while sales are down 1.5%.

July’s inventory of 1.8 months is 18% lower than in 2017.

The median percent of list price received was 96%.

Condo/Townhomes:

The three-month rolling average median sales price of $786,000 is up 33% over last year’s. Note that there are 200 condo sales year-to-date so this might indicate a higher-priced mix than last year’s.

Year-to-date, new listings are down 2.9% while sales are down 7.0%.

July’s inventory of 1.6 months is 60% higher than in 2017.

The median percent of list price received was 99%.

 

 

 

 


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