Richmond Real Estate Newsletter - April  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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compass
April 2025

: :  Marin Market  : :

Generally speaking, through March 2025, Bay Area markets strengthened as the spring selling season gained steam: Sales volume and overbidding typically increased, and homes sold more quickly. The quantity of new and active listings rose across the Bay Area, sometimes very substantially, with growing impact on supply and demand dynamics – and price reductions increased as well.


Recently, a number of top agents and managers around the region were canvassed as to the market in the last few weeks, and they are commonly reporting a market that is "choppy," "uneven," "uncertain," 

"hesitant," "unpredictable," "very property specific," but with considerable opportunities for buyers. Some listings are selling quickly with multiple offers well over asking price; but other, sometimes similar, listings - that would typically be expected to sell quickly - linger on the market without interest. 


More transactions are falling out of escrow due to stock market swings or simple fear. There are reports of buyers and some sellers - spooked by recent political/economic events - deciding to stay on the sidelines until there is more clarity regarding what the future holds. 


Inventory is generally way up year over year, absorption rates are substantially down, and price reductions continue to climb to heights rarely seen in the middle of the spring selling season - but many agents report strong showing numbers and active open houses. 


Many agents and managers commented on the "property specific" theme saying that the homes seeing continued strong demand and most likely to sell quickly, often with multiple offers, are in absolute move-in, turn-key condition, often professionally staged, correctly or even aggressively priced and skillfully marketed, in prime locations, with appealing outdoor space.


Numbers pertaining to closed-sales data in this report mostly reflect market conditions that predate the most dramatic of recent financial developments. (Because of the typical 3 to 6 week time lapse between deals being made, i.e. listings going into contract, and sales closing escrow, sales data is a lagging indicator of market trends.) The quantifiable, hard-data effects of these new circumstances, should they continue, will come into better focus in coming weeks and months. 





Marin Home Price Appreciation


Average Sales Price to Original List Price


Monthly Sales Volume



New Listings Coming on Market





: :  March Sales  : :

CORTE MADERA


  • Median Price: $1,418,000 (-40.3% YoY)

  • 6 sales (2 off-market sales)

  • 3 sold over original asking price

  • 1 sold after price reduction

  • 5 sold with multiple offers

  • 1 all-cash sale


GREENBRAE


  • Median Price: $1,800,000 (-38.7% YoY)

  • 5 sales (0 off-market sales)

  • 4 sold over original asking price

  • 0 sold after price reduction

  • 1 sold with multiple offers

  • 4 all-cash sales


KENTFIELD


  • Median Price: $2,475,000 (-25.9% YoY)

  • 8 sales (1 off-market sale)

  • 5 sold over original asking price

  • 2 sold after price reduction

  • 4 sold with multiple offers

  • 2 all-cash sales


LARKSPUR


  • Median Price: $2,700,000 (36.7% YoY)

  • 4 sales (0 off-market sales)

  • 4 sold over original asking price

  • 0 sold after price reduction

  • 4 sold with multiple offers

  • 2 all-cash sales


MILL VALLEY


  • Median Price: $2,200,000 (-6.4% YoY)

  • 34 sales (7 off-market sales)

  • 22 sold over original asking price

  • 3 sold after price reduction

  • 18 sold with multiple offers

  • 14 all-cash sales


NOVATO


  • Median Price: $1,339,000 (-0.4% YoY)

  • 34 sales (2 off-market sales) 

  • 17 sold over original asking price

  • 6 sold after price reduction

  • 16 sold with multiple offers

  • 9 all-cash sales

SAN ANSELMO


  • Median Price: $3,000,000 (22.4% YoY)

  • 16 sales (2 off-market sales)

  • 10 sold over original asking price

  • 1 sold after price reduction

  • 9 sold with multiple offers

  • 5 all-cash sales


SAN RAFAEL


  • Median Price: $1,568,000 (11.6% YoY)

  • 41 sales (5 off-market sales)

  • 18 sold over original asking price

  • 6 sold after price reduction

  • 14 sold with multiple offers

  • 15 all-cash sales


SAUSALITO


  • Median Price: $1,754,000 (24.7% YoY)

  • 5 sales (1 off-market sale)

  • 3 sold over original asking price

  • 2 sold after price reduction

  • 2 sold with multiple offers

  • 3 all-cash sales


TIBURON

  • Median Price: $2,250,000 (-53.2% YoY)

  • 13 sales (2 off-market sales)

  • 6 sold over original asking price

  • 0 sold after price reduction

  • 4 sold with multiple offers

  • 9 all-cash sales




If you're looking to buy or sell a home in Marin, I'd love to help! 


Give me a call at 415-531-4091 or email Jane.Richmond@Compass.com




Oh by the way... I appreciate & will take excellent care of any of your referrals.


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Jane Richmond DRE# 00709300
Jane Richmond

Call 415.531.4091

Jane.Richmond@Compass.com


250 E Blithedale Ave.

Mill Valley, CA 94941

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