Sausalito 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 Sausalito market saw a 6% drop in average selling price from last year, despite a slight rise in price per square foot sold. The number of sales, however, increased dramatically. Homes priced below $3 million experienced the most robust sales, while sales of homes priced above $3 million were consistent with last year’s sales. Sellers in all price ranges enjoyed brisk activity: nearly a third of houses sold did so at prices over asking.