McGuire Real EstateJanuary 28th
Market Reports & Updates, North Bay, Quarterly Reports

Marin County Trends | Q4 2015

The $1.516 million average home sale in Q4 was the highest in Marin County history, up 11 percent year-over-year.

Marin County Trends | Q4 2015 - McGuire Real Estate
With the economic boom of the tech market enabling more professionals to pursue affluent properties, Marin County—where much of that financial trajectory is centralized—continued to see stellar home prices. The $1.516 million average home sale in Q4 was the highest in Marin County history, up 11 percent year-over-year. The 515 total homes sold was a fairly standard number for this time of year in a market where inventory remains scarce. The average 53 DOM before a close showed an 18 percent faster turnaround time than what we witnessed a year prior, pointing to the committed focus and action of buyers in this bustling marketplace.
Marin County Trends | Q4 2015 - McGuire Real Estate
SALES PRICE CHANGE
Homes that required no price change netted 3 percent on top of initial listing, whereas sellers who tested the market recovered 90 percent of their initial asking price. These are fairly well-balanced numbers for a market with such bullish growth—meaning that Marin County homes are generally being priced accurately in terms of market value and buyer expectations.
Marin County Trends | Q4 2015 - McGuire Real Estate
AVERAGE SALES PRICE BY CITY – TOP 10
Ross remained a popular luxury home option, with its $5.288 million average home sale up 41 percent year-over-year. This included three closings between $7.5 million and $10.5 million. Bolinas also saw massive growth, with its average home sale up 98 percent. With the average home selling just under $2.5 million, Bolinas stands as an example of the ripple effect that the economic boom is having on buyers who will pay a premium to find their most desired home in Marin County.
Marin County Trends | Q4 2015 - McGuire Real Estate


Download the McGuire Quarterly Report.
Q4 2015 | McGuire Quarterly Report
FIND Q4 2015 MARKET UPDATES FOR EACH COUNTY AT McGUIRE.COM/QUARTERLY_REPORT.

Posted in Market Reports & Updates, North Bay, Quarterly Reports under , , , , , , .

About the Author

McGuire Real Estate

McGuire Real Estate

Stay Connected. Join the Conversation. Follow McGuire Real Estate.