Marin Market Report: 2016 Sales Stats, Market by Market

Everyone kept saying all throughout 2016 that inventory was low, and it was! Unit sales for homes in Marin County in 2016 actually decreased 26% vs. 2015. So the inventory shortage wasn’t just perceived, it was real. This was the lowest number of units sold since 2011, when 2,506 units were sold.

Average sale price for the County remained virtually unchanged, at $1,257,500. Within individual markets however, there were significant changes in average sale price, although the largest changes were in markets with very low numbers of sales.

The biggest trend we see is that in general more affordable markets – Fairfax, San Rafael, Corte Madera, Greenbrae – enjoyed the healthiest increases in average sale price. More expensive areas, such as Kentfield, Tiburon, and Belvedere, actually showed declines in average sale price or slight gains.  This is also consistent with the pattern exhibited through the latter half of 2016, in which entry level homes continued to be in high demand, and luxury homes ($2MM +) were technically in a Buyers Market.

One exception was Larkspur. Average sale price increased dramatically, up 22%. With its historic downtown, excellent schools, and great commute location, it continues to be high on the list of most buyers if the can afford it.

2015 Avg Price

2016 Avg Price

Change

Units Sold 2015

Units Sold 2016

Change

Marin County

$1,258,075

$1,257,500

-0.05%

3035

2641

-26.21%

Belvedere

$5,958,474

$3,541,250

-40.57%

39

30

-23.08%

Corte Madera

$1,222,058

$1,305,576

6.83%

121

105

-13.22%

Fairfax

$858,310

$954,294

11.18%

94

78

-17.02%

Greenbrae

$1,102,371

$1,173,369

6.44%

95

77

-18.95%

Kentfield

$2,648,771

$2,465,276

-6.93%

72

59

-18.06%

Larkspur

$1,492,415

$1,820,559

21.99%

61

57

-6.56%

Mill Valley

$1,617,987

$1,612,200

-0.36%

421

321

-23.75%

Novato

$747,153

$780,132

4.41%

780

704

-9.74%

Ross

$3,740,167

$3,889,963

4.01%

30

35

16.67%

San Anselmo

$1,205,012

$1,259,208

4.50%

166

153

-7.83%

San Rafael

$913,438

$943,472

3.29%

733

669

-8.73%

Sausalito

$1,333,273

$1,434,659

7.60%

131

112

-14.50%

Tiburon

$2,401,270

$2,436,943

1.49%

158

127

-19.62%

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