News
March 14, 2022
Mortgage Interest Rate Trends, 2016 – Present
Per Freddie Mac (FHLMC),on March 10, 2022, the weekly, average, 30-year interest rate was 3.85%, up from 3.11% on 12/30/21 (with small fluctuations in recent weeks). The low of 2.65% occurred in January 2021. In November 2018, the rate was 4.94%.
March 14, 2022
San Francisco Bay Area Luxury Home Market
Driven by both pandemic-related issues, and surging household wealth among the affluent, Bay Area luxury home sales rose dramatically in the second half of 2020, and then skyrocketed in 2021. This report focuses on sales and values by county, broad Bay Area trends in supply and demand, the effects of seasonality on activity, and a few macroeconomic snapshots. Spring is typically the biggest selling season – or spring/summer in counties with large second-home markets (Napa, Sonoma, Monterey, Santa Cruz). Currently, the usual, early-spring acceleration is well under way in new listings coming on market and the number of homes going into contract.
February 3, 2022
Marin County Real Estate Report - February 2022: Part I
In the Bay Area, real estate market indicators remain very strong: demand for homes still very high, inventory extremely low.
February 3, 2022
Marin County Real Estate Report - February 2022: Part II
As of 2/3/22, mortgage rates have risen 14% in 2022, putting them 34% above the low 1 year ago.
January 15, 2022
Marin County Real Estate Report - January 2022 - Part 1
Seasonal fluctuations are common, and it's not unusual for median sales prices to peak for the year in spring (Q2) - though that did not occur in 2020 or 2021. Longer-term trends are more meaningful than short-term changes.
January 15, 2022
Marin County Real Estate Report - January 2022 - Part 2
Since 2019, the county population has dropped by a little over 1%, though the peak number was hit in 2016. Populations dropped in almost every Bay Area County since the pandemic hit, with net domestic out-migration probably skewed more heavily toward tenant populations.
December 1, 2021
Bay Area & Tahoe Luxury Home Market Homes Selling for $5 Million+
Besides changes in economic and market conditions, the luxury market usually ebbs and flows dramatically by season, with sales typically peaking in spring (Q2) - though the pandemic changed that dynamic in 2021 - and hitting their low points in mid-winter. However, seasonality can vary by county
November 16, 2021
Compass North Bay Market Share
Compass Sells over $4 Billion in Marin County Real Estate Annually.
November 9, 2021
Marin County Real Estate - November 2021 Report - Part I
As the year beings to wind down and move into the mid-winter, the market typically slows down as well