October is here and we are through 3/4 of the year! I hope that your fall has been great so far and everyone has settled in to post-summer routine(s) in your world. Life here in the Bay is always exciting in the fall - with the best weather, a Super Moon this past week, (limited this year) Blue Angels, and Hardly Strictly Blue Grass in GG Park. I hope that you and yours have gotten out to enjoy some of the fun! On to real estate.....and some great info on the Bay's art scene this fall.
The 3rd quarter was marked by falling interest rates, a volatile but ultimately positive stock market, and the lowest inflation reporting in over three years, boosting consumer confidence as the economy continues to grow.
Single-family home appreciation remained steady compared to last year, but the number of homes entering escrow surged by 20% (in Marin), with sales (actual closings) increasing by 10%.
This year’s significant interest rate reductions, along with predictions of further cuts, have led to an especially busy home selling season, as buyers seize the opportunity to benefit from improved borrowing conditions.
If you live in and around Tam Valley, keep an eye out for my semiannual print edition of Tam Valley Market News, reflecting data from our neighborhood from the first half of 2024! You can also check out brief market highlights from that brochure in the online edition here.
Local News
Exclusive: DMV site near S.F.’s Panhandle will become affordable housing complex
A state-owned site at 1377 Fell Street that currently hosts a 60-year-old DMV and large parking lot will soon be transformed into a mixed-use complex with 372 affordable housing units, Gov. Gavin Newsom announced Thursday.
September 2024 Market Review
Marin County
Stats at a Glance - All Property Types
September 2024 Data by Area - Single-Family Homes
Seasonality & Long-term Trends
# New Listings on Market: All Property Types 2019-2024
Median Sales Price: All Property Types 2014-2024
San Francisco
Stats at a Glance: All Property Types
Seasonality & Long-term Trends
# New Listings on Market: All Property Types 2019-2024
Median Sales Price: All Property Types 2014-2024
Note: Above data reflects that reported to NorCal MLS Alliance MLS. Data from sources deemed reliable but may contain errors and is subject to revision. All numbers approximate. Outlier data adjusted when identified.
