Marin County & San Francisco Q4 Market Update

As our year begins with the devastating fires in Los Angeles, our hearts go out to the families, friends, and colleagues who have been displaced. We are deeply grateful to the courageous firefighters and first responders risking their lives to protect our communities. We hope everyone finds strength through community during this challenging time. Together, we can support each other and help rebuild what has been lost.

Homeowners insurance in California

As you may expect, the home insurance industry in California will likely be impacted by the fires. We work with several insurance brokers to keep abreast of changing policies. A Vice President at Acrisure stated that several companies are still writing policies in California, and new carriers are entering the market. We will continue to see how they will react to the current fires.  Insurance companies are looking at closely:

• Roof, heating, plumbing, and electrical updates within the last 20 years

• Very low to no claim frequency

• Auto seismic shut-off valves

• Automatic water shut-off valves 

• Central station fire and burglar alarms

If you want to make fire-safe improvements to your home, the shut-off valves and alarms are low-cost, high-return options.

Looking at the stats for Q4 2024,  we notice similar results in both San Francisco and Marin on a year-over-year basis. While the numbers were not off the charts, they do indicate that things are moving in a positive direction. 

Marin County

• Year over year, sales volume and homes under contract were also up, while sale prices, new listings, and inventory declined. 

• A mix of home sales and homes under contract offset the record-low number of new listings that came to market, causing inventory to decline to an all-time low in December 2024

• The median price for single-family homes decreased by 1% year over year, and the median price per square foot was 3% lower than Q4 2023

• While sales have increased year over year despite less inventory, few homes sold above the list price. 

San Francisco

• Home prices, sales volume, new listings, and homes under contract increased while inventory declined

• The median price for single-family homes rose by 3% year over year and is likely to rise in the first half of 2025

• The median price per square foot was 3% higher than Q4 2023, but is still 17% below the record high reached in 2022

•  Sellers received 9% above the asking price on average, with more homes selling above the list price in Q4 in the city

New Local Spots Worth the Buzz

​​​​​​​Mama's Lounchenette
Mill Valley
​​​​​​​Famous for their Caesar Wrap and breakfast burritos—perfect for grabbing on your way up to Mt. Tam!
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​​​​​​​George's Doughnuts & Merriment
​​​​​​​San Francisco
Grab a friend and head to West Portal for a taste of true doughnut artistry—it's worth the wait!