Q1 2025 Newsletter

The first quarter of 2025 was a rollercoaster ride with so much happening in the political sphere that it is hard to compare this time or this market to any other.  Even amid a tariff war,  there are signs of a robust first half of the year. With continued low inventory levels and strong buyer demand, there were many successful transactions in the year's first quarter, which is traditionally not as active as the spring market in the second quarter. The jury is still out on whether the current level of uncertainty will keep potential buyers and sellers on the sidelines. Still, we have not seen any sellers withdrawing their listings or buyers putting their search on hold. In fact, we know of many great homes coming on the market in the next two months. We are writing offers for buyer clients and prepping some really special properties.

We recently closed on an off-market purchase for a buyer client of a modern farmhouse in Homestead Valley, Mill Valley. Molly Hallstenson on our team was one of the first agents to get in to see it. Her clients flew in from out of town and fell in love with the house. She secured the property by writing a compelling preemptive offer, eliminating competition. Another listing in the 1st quarter had a ton of heat on it. 25 Wiltshire in Larkspur. With 30 disclosure packages out, they received six offers. It was listed for $4,250,000 and sold for $5.3 million. The house had impeccable design and great outdoor space. These are examples of how active the market has been for exceptional homes despite the distractions in the news. 

Marin County

• Year over year, sales volume and homes under contract increased while new listings and inventory declined. Marin clearly has plenty of demand, as more sales occurred with fewer houses to choose from.

• The median price for single-family homes was unchanged year over year, while the median price per square foot declined by 4%.

• Prices, however, are trending higher, which is typical in the first half of the year, though they’ve remained remarkably stable over the past 12 months.

• Fewer homes are selling above their list price

San Francisco

• Year over year, sales volume, new listings, and homes under contract increased while inventory declined.

•  The mix of home sales and homes under contract offset new listings, leaving inventory just slightly above the record low at the end of Q1 2025.

• The median price for single-family homes fell 2% year over year, but the median price per square foot increased by 2%.

• Prices are trending higher, typical in the first half of the year, though they’ve remained remarkably stable over the past two years.

• Additionally, sellers are receiving 11% above asking price, and more homes are selling above list price.