The pace of home sales across Marin County is tracking at a staggering rate. The second quarter of 2021 has closed, and there have been 1,307 single-family homes sold in Marin County so far for the year. To appreciate just how many that is, we look back to 2019, a year pre-COVID; the whole year of 2019 saw a total of 1,995 homes sold. The cities that saw the most buyer activity during Q2 include Corte Madera, Fairfax, and Sausalito.
The median sale price for Q2 recorded at $1,710,000; a significant increase of 26.2 percent from Q2 2020. Keeping in mind that the second quarter of last year was an extremely different market, the median price per square foot is also trending significantly higher than ever at $858 for the county. 131 single-family homes, or 15 percent of all homes sold in Q2 2021, recorded with a sale price 20 percent or more over asking.
National mortgage rates continued to move down last week with Freddie Mac reporting, 'Mortgage rates decreased this week following the dip in U.S. Treasury yields. While mortgage rates tend to follow Treasury yields closely, other factors can be impactful such as the labor markets, which are continuing to improve per last week's jobs report. We expect economic growth to gradually drive interest rates higher, but homebuyers and refinance borrowers still have an opportunity to take advantage of 30-year rates that are expected to continue to hover around three percent?'