Marin Home Sales Up, Defying Gravity and Other Areas

Wow, hard to believe that November is here already. The months and years seem to fly by these days. Our kids grow up like our gardens, each taking great care and nurturing to be their best, improving with time. The same can be said for where we live, I suppose, although most homes have an interesting dichotomy. They depreciate as they grow older, but appreciate in value thanks to the economics of supply and demand. That’s certainly the case here in Marin. Some say it’s the price of the land that goes up. I think it’s the land plus the improvements on top, no matter how much it may weather the storms of times. Speaking of storms, winter is on the way. What does that mean for the housing market? Who knows, really. But if history is any gauge, we likely see the same winter market that I’ve seen throughout the years.  

Home sales tend to slow here, starting a week before Thanksgiving, continuing on until early February. By the time March 1st hits, we usually are well into our typical early spring selling season, which lasts until July 1st. People like to get moved in and unpacked by mid August, whether they have school age children or not. The data is clear on this, with the bulk of home sales and appreciation occurring in those four plus months. There is generally an uptick again starting in mid September, but the rest of the year usually shows only a few percentage points of value increase. This has been a good year for Marin home values over all, despite what we see going on in other areas of the country. Unless there are any noteworthy major economic events, this is most likely the case going into 2025. But as I said, who knows.  

In the meantime, stay happy and healthy. Keep your attitude up, remain optimistic. Smile when you can, remaining thankful for what you have, not what you don’t. Enjoy November, wherever you are. Stay safe and as always, thanks for reading.

Ted

415.377.5222

ted@gomarin.com

Filed under: Marin Real Estate Blog by Ted Strodder