Sausalito Real Estate – 2024 Year End
Marin saw an 8% increase in the total number of homes sold in 2024 compared to 2023, with 1,752 single-family homes changing hands. The $1 million to $3 million price range experienced the largest growth, with a 10% rise in sales compared to the previous year. The average selling price in 2024 remained steady at $2,150,000, nearly unchanged from 2023.
Homes that are less than ideal faced price reductions, while remodeled properties featuring open floor plans and premium amenities—such as pools, breathtaking views, or expansive yards—drew strong buyer competition and multiple offers.
Forecasting the short-term impact of a new administration, global trade developments, and financial markets remains complex. However, with anticipated lower interest rates, robust stock market performance, and a strong regional job market, demand is expected to continue outpacing the supply of available homes, contributing to price stability.
Sausalito Summary
In 2024, Sausalito experienced a slight decline in home
sales compared to 2023, dropping from 44 to 39 transactions. The average sale price fell to $2.4 million, largely due to a decrease in high-end property sales. Only 2 homes sold for over $4 million in 2024, compared to 7 in the previous year. However, sales of homes priced between $3 million and
$4 million increased, with 8 sold compared to 5 in 2023.
The average price per square foot also declined to $1,082, reflecting the reduced number of high-end sales above $4 million. The market showed signs of slight cooling in the second half of 2024, with fewer homes selling above the asking price. Additionally, 20% of homes sold during the latter half of the year underwent price reductions, up from 8% in the first half.
Despite these minor market shifts, demand remains strong, particularly for homes with updated finishes, modern amenities, and open floor plans.
When you’re ready to maximize the value of your home and determine 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.
