Sausalito Real Estate Review – End-YEAR 2019
An Inside Look at Marin County Real Estate
Although the volume of homes sold in most Bay Area counties declined in 2019, the Marin County real estate market continues to prosper: More homes sold in 2019 compared to last year (3.1%). Marin continues to be a very sought after place to live with limited inventory for buyers.
Nearly 38% of sellers across Marin received multiple bids and sold at prices above the original asking price. Average pricing increased slightly, though the average time a home was on the market increased by 10 days vs. 2018. Fortunately, this has not slowed the number of sales or stalled increasing average pricing.
Limited inventory in Sausalito restricted sales in 2019 and this lead to slightly fewer homes selling compared to 2018. However, more expensive homes sold in 2019: double the number of homes sold priced between $3 million and $5 million. The largest volume of homes sold were priced between $1 million and $2 million, with a total of 26 homes selling. As in 2018, a quarter of homes sold after price reductions. That said, 40% of homes sold were in escrow within 15 days.
Overall, pent-up buyer demand and low mortgage rates will continue to provide strong support to the Sausalito market.
I would love to discuss strategies for selling your home and maximizing the value, for purchasing a new home, or for any questions you may have.