STEPHEN PEARSON
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MARIN COUNTY MARKET UPDATE

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OCTOBER 2020 WRAP-UP
The phenomenal growth pattern that emerged in Marin County during the past several months has softened a bit through October. The median sale price, however, still recorded 5.5 percent higher than last year, and the median price per square foot remains up a staggering 16.8 percent. Homes continue to sell at an accelerated rate as well, with median days on market recording at 22 days vs 29 last year. That being said, October picked up 3 days when compared to September. 

Reduced inventory continues to be a factor. Yet even in a year that has been anything but typical, we expect the market to calm somewhat during the holidays, though not as much as usual with the continued pent-up demand and record-low mortgage rates. 

Mortgage rates dropped to new lows yet again last week (averaging 2.78 percent for a 30-year fixed) with FreddieMac reporting, 'Mortgage rates hit another record low, the twelfth time this year, due to economic and political ambiguity. Despite the uncertainty that we’ve all experienced this year, the housing market, buoyed by low rates, continues to be a bright spot.'

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YEAR-OVER-YEAR COMPARISON
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MONTH-OVER-MONTH
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YEAR-OVER-YEAR REGION COMPARISON
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TOP FIVE SALES IN OCTOBER 2020
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35 BELLEVUE AVENUE, Belvedere

$8,346,000 

$2,004/sq. ft.

4 bed / 4 bath  

4,165 sq. ft. 

0.14 Acres

227-235 W BLITHEDALE AVENUE, Mill Valley

$8,196,000

6 bed / 7 bath 

0.74 Acres
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31 W SHORE ROAD, Belvedere

$7,600,000 

$2,044/sq. ft.

4 bed / 5 bath  

3,719 sq. ft. 

0.19 Acres

6 CLIFF ROAD, Belvedere

$7,400,000 

$1,415/sq. ft.

5 bed / 6 bath  

5,230 sq. ft. 
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27 WINDWARD ROAD, Belvedere

$6,800,000 

$1,737/sq. ft.

4 bed / 4 bath  

3,915 sq. ft. 

0.21 Acres

MEDIAN SALE PRICE
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MEDIAN MARKET TIME
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NUMBER OF SALES
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"Corner of 2nd & D St."  |  151 Petaluma Blvd S, Suite 137  |  Petaluma, CA 94952  |  C: 707.477.4396
SAN FRANCISCO  |  MARIN  |  PETALUMA  |  SEBASTOPOL  |  SANTA ROSA  |  HEALDSBURG  |  GUERNEVILLE  |  LAFAYETTE  |  PALM SPRINGS  |  LOS ANGELES
©2020 ALL RIGHTS RESERVED | Terms & Conditions
STEPHEN PEARSON | DRE 01973705
Vanguard Properties | Lic. 01486075
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  • HOME
  • PROPERTIES
    • Featured Listings >
      • 4695 Old Adobe Rd
      • 904 Wood Sorrel Dr
      • 21 Gunn Drive
      • Valley Ford Creamery
    • Property Search
    • Sold
    • What's My Home Worth?
  • ABOUT
    • Stephen Pearson
    • Vanguard Properties
    • Testimonials
  • MARKET UPDATES
    • Sonoma County Market Update
    • Marin County Market Update
    • San Francisco Market Update
  • RESOURCES
    • Marketing Plan
    • Vendors
    • Sonoma County >
      • Petaluma
      • Penngrove
      • Cotati
      • Sebastopol
      • Rohnert Park
      • Santa Rosa
      • Windsor
      • Healdsburg
      • Geyserville
      • Cloverdale
      • Sonoma
      • Bodega Bay
  • CONTACT