Marin Real Estate June 2022

Where are real estate prices going in Marin and Sonoma? At the moment, there is downward pressure coming from three factors. We all know about the first two, which are higher interest rates, and lower stock market prices. The third one is vacations. After the recent Covid stay at home summers, we all want to go on a vacation. If your neighbor’s house seems really quiet, they may well be in Europe.

Typically, when the market softens in Marin, and to some degree in Sonoma, prices flatten rather than decrease, and unit sales go down. Here’s a quick summary of June single family sales as compared to last June. True to historic form so far, while prices are still up from last year, sales are quite a bit down.

One more thing...shoutout to Dana Williams from Compass who listed the house featured in this post. I was thrilled to represent the buyer, who purchased this great 2 bedroom house with a guest cottage in the Almonte neighborhood of Mill Valley.

Would you like to discuss the market and what works best for your needs? Contact any of us! We love to talk about real estate!