Kentfield Real Estate – 2024 Mid-Year
An Inside Look at Marin County Real Estate
Nearly the same number of homes sold in Marin County during the 1st half of 2024 compared to the same period last year as 804 homes sold. The average sales price increased by 9% to nearly $2.3 million, surpassing the previous six-month average. The same number of homes sold above their asking price (50%) compared to the previous six-month period.
The housing market continues to show signs of strength, driven by a robust job market that keeps momentum going.
Kentfield Summary
Kentfield experienced an increase in home sales during the first half of 2024 compared to the same period in 2023. Thirty-five homes were sold at an average price of $1,245 per square foot, up from the $1,099 average in the previous six months.
Higher-end homes also saw a rise, with six homes selling at $6 million or higher, compared to a total of five such sales in all of 2023. The number of homes sold between $3 million and $4 million doubled during the first half of 2024, with eight homes sold compared to four in the same period in 2023.
Although slightly fewer homes received multiple offers in the first half of 2024 compared to the second half of 2023, this did not deter many buyers from offering above the asking price to secure a purchase in a market with limited supply.
Mid-century modern homes attracted the highest premiums over the asking price, as buyers highly value this architectural style. Additionally, buyers continue to pay significant premiums for homes with new finishes, modern amenities, and open floor plans.
Feel free to contact me to discuss strategies for maximizing your home’s value and establishing an optimal pricing strategy. I can also provide insights on ensuring a hassle-free selling experience, from preparing your home for sale to facilitating a smooth transition through the entire moving process.
