Kentfield 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 limited inventory of homes for sale in Kentfield continues to boost values, increase sale prices, and shrink the time from listing to sale. Slightly more than 40% of all homes sold in 2017 did so at a price above asking, and with multiple offers. Half of all properties sold were on the market 15 days or fewer!