Belvedere Real Estate Review – end-Year 2017
An Inside Look at Marin County Real Estate
Residential real estate in Marin County set new records again this year. Both prices and number of home sales continued to soar. The 2017 average sale price of $1.6 million beat last year’s by 7%, and the number of homes sold climbed by that same amount.
Recently remodeled properties commanded significant premiums, making it wise to consider the return on investment in improving your property before listing.
While the effect of new tax laws remains unclear, demand continues to outstrip supply in all cities and towns. We are confident that demand will sustain a robust sales environment.
The number of home sales in Belvedere remained constant year over year, although the average price per square foot climbed by 7%. Homes sold more quickly than last year, with 36% being on the market for 30 days or less. Specific trends vary significantly by listing price. The most expensive homes saw the most dramatic increase in number of sales.