Larkspur 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.
Larkspur Summary
Larkspur observed an increase in home sales during the first half of 2024, with 31 homes sold compared to 26 homes during the same period in 2023. This increase is mainly attributed to a higher number of homes sold in the $3 million to $4 million price range. The average price for homes sold in the first half of 2024 was significantly influenced by the extraordinary sale of 34 Laurel for $11.2 million. Excluding this sale, the average price of homes sold was $2,948,000, a 5% increase from the average in the second half of 2023.
Nearly the same percentage of homes sold above the asking price (48%) and with multiple offers (42%) as in the second half of 2023. However, the average percentage sold over the asking price decreased to 7%. Notably, 60% of the homes sold above the asking price were in the $3 million to $4 million range. Homes in Larkspur did enter escrow at the same rapid pace as in the previous six-month period.
Larkspur continues to be in high demand, especially for homes with new finishes, modern amenities, and open floor plans.
If you’re interested in maximizing the value of your home and determining an optimal pricing strategy, I invite you to contact me. I can guide you in preparing your home for sale and ensure a hassle-free selling experience right up to the completion of your move.
