Last month, the market demonstrated healthy signs of balance as home sales across the county decreased for the second month in a row. It is important to note that this slowdown is relative, and even though seasonality has once again manifested and we are in the doldrums of summer, the number of homes sold last month was higher than any month in 2018 and 2019! The median sale price decreased for the first time since January, but still recorded 10 percent higher than August of last year.
National mortgage rates remained relatively flat today near historic lows, with FreddieMac reporting, 'While the economy continues to grow, it has lost momentum over the last two months due to the current wave of new COVID cases that has led to weaker employment, lower spending and declining consumer confidence. Consequently, mortgage rates dropped early this summer and have stayed steady despite increases in inflation caused by supply and demand imbalances. The net result for housing is that these low and stable rates allow consumers more time to find the homes they are looking to purchase.'
YEAR-OVER-YEAR COMPARISON
SINGLE FAMILY RESIDENCES
MONTH-OVER-MONTH COMPARISON
SINGLE FAMILY RESIDENCES
CHANGE IN PAST MONTH:
SALE PRICE -8.8%
DAYS ON MARKET +2 days
YEAR-OVER-YEAR REGION COMPARISON
SINGLE FAMILY RESIDENCES
* Small sample size (n<10); use caution when interpreting statistics.
TOP FIVE SALES IN AUGUST 2021
SINGLE FAMILY RESIDENCES
41-43 BELVEDERE AVENUE Belvedere
$21,000,000 $2,929/sq. ft. 6 bed / 7 bath 7,170 sq. ft. 0.61 Acres
401 GOLDEN GATE AVENUE Belvedere
$9,250,777 $2,310/sq. ft. 5 bed / 4 bath 4,004 sq. ft. 0.48 Acres
9 AMES AVENUE Ross
$8,215,000 $1,917/sq. ft. 5 bed / 5 bath 4,285 sq. ft. 1.09 Acres
96 PARK DRIVE San Anselmo
$6,550,000 $948/sq. ft. 5 bed / 5 bath 6,912 sq. ft. 0.82 Acres
28 WOLFE CANYON ROAD Kentfield
$5,900,000 $1,686/sq. ft. 5 bed / 5 bath 3,499 sq. ft. 0.34 Acres
