Ross Real Estate Review – MID-YEAR 2021
An Inside Look at Marin County Real Estate
As you may have read, a lot of Californians have moved during the pandemic, with the highest number of Californian movers leaving San Francisco. Two-thirds of San Francisco movers remain in the Bay Area, and 80% have stayed in California.
This movement has, of course, greatly affected the Marin County real estate market. Nearly double the number of homes sold in the first half of 2021 compared to the same period in 2020. This enormous growth in demand increased the average selling price in Marin County by 17% to a record $2,148,000.
We expect continued demand as many buyers no longer need to decide where to live based on office proximity, and many people are still leaving San Francisco.
If you are thinking of selling, this is a great time to get top dollar for your home. Please call me if you’d like to discuss pricing or if you’d like to learn more about how I can make your selling experience – from readying your home for sale clear through the end of your move – hassle-free.
The first half of 2021 was an excellent start for Ross real estate as 50% more homes sold compared to the same period in 2020. The average price per square foot sold rose to a record $1,489. The average selling price also increased to a record $6,794,000 as more expensive homes sold. Just over 1/3 of homes sold over the asking price, and the average asking price increased by 6.5% compared to the 2020 average.
More specifically, a record number of buyers purchased homes priced above $7 million, with 9 homes sold compared to a total of three homes during the entirety of 2020. There were 3 unprecedented sales at prices never recorded – $17M, $18M, $20M.
Now is an opportune time to sell if you’ve been considering doing so. I offer a detailed, hands-on hassle-free approach to maximizing the value of your home.