This was a record price for Marin County homes, and was up 6 percent from Q2 2015. Marin County also witnessed the most drastic change in average DOM, with homes selling in just 37 DOM, a pace that was 30 percent faster than a year prior. This can be attributed to both an onslaught of desirable properties hitting the market this spring as well as many older estates that had spent a long time on the market exiting last winter. The 675 total sales was down 4 percent from Q2 2015—right in line with the modest-but-stable sales volume we saw in both San Francisco and Marin Counties. AVERAGE SALES PRICE BY CITY – THE TOP 10 Stinson Beach, Larkspur and Ross all posted strong year-over-year gains, improving by 51 percent, 33 percent and 25 percent, respectively. SALES PRICE CHANGE
With homes priced at top dollar, sellers netted just 3 percent on top of initial asking price. Those who tested the market were still able to recover 91 percent of their initial listing.