September 2017 in Marin: No Fall Seen in Home Prices or Buyer Activity

September is here in Marin, kicked off by record high temps and a touch of smoke in the sky from wildfires in neighboring counties. None here, thankfully. Ordinarily, this is our hottest month anyway, defining Indian Summer with a capital I and S. Who knows this year, what with climate change and all. But August had to be one of the coolest on record that I can remember. People are talking about it all over the place, with topic #2 often being the price of our real estate, which shows no signs of cooling on its own, not that we can see.

As our local headlines touted in the Marin IJ recently, the average price hit $1.6 mil for the county (that’s one point six million dollars) with the median hitting $1.3 mil. Big numbers, yes, but still cheap by San Francisco standards, let alone the Peninsula, where $1.6 mil won’t buy you a dog house. Or maybe it would, just a very nice dog house on a small lot.

Will home prices fall throughout the Bay Area as the season changes from summer? Not likely, from what we all see on our screens and read online. Too many people want to live here and they just aren’t making any more real estate. Great if you already own, tough if you don’t. But smart buyers know this and continue to pony up and pay what they need to in order to stop renting and start building equity.

Stay tuned for what September ends up bringing us, besides more warm weather. As always, let me know of any questions. Thanks for reading and here’s to a great fall season for all of us.

TS

Text or call 415.377.5222 or <a href=mailto:ted@gomarin.com>ted@gomarin.com</a>

Filed under: Marin Real Estate Blog by Ted Strodder