7,605 people live in Fairfax, where the median age is 48.5 and the average individual income is $59,011. Data provided by the U.S. Census Bureau.
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Nestled in the heart of Marin County, California, lies the charming town of Fairfax. As a seasoned real estate broker in Marin County, I've had the pleasure of introducing countless families to the unique and appealing attributes of Fairfax. With its breathtaking natural surroundings, rich history, vibrant local culture, and a wide range of housing options, Fairfax is undoubtedly a place that has something for everyone. In this article, we'll delve into the many facets that make Fairfax an ideal location for both residents and prospective homebuyers.
Fairfax boasts an enviable location within Marin County, just 16 miles north of San Francisco. Perched on the western slopes of Mount Tamalpais, it offers a picturesque setting amidst the serene beauty of the Marin Hills. The town's location provides easy access to the San Francisco Bay Area, offering both the convenience of urban amenities and the tranquility of a suburban lifestyle. Additionally, Fairfax is adjacent to the renowned Marin County Open Space Preserve, which means residents have miles of pristine wilderness practically at their doorstep.
Fiarfax’s real estate market showed a notable change this past year with decreases of homes and condo sales, peaking in 2021.
In 2023 there was an overall decrease in total housing inventory for sale for residential homes and condos. New listings dropping by 44.9% compared to 2022, with only 54 new listings for 2023, compared to 98 the year before.
The average $/SqFt sold price also decreased as well, 797 $/SqFt in 2023, as opposed to 815 in 2022, a 2.2% drop from last year.
The market has demonstrated a level of softening during this unprecedented time of interest rate hikes, with a median sales price of $1,225, an 9.6% decrease from the previous year, and an average sales price of $1,320,000, down 5.1%.
Along with a decrease in overall sales, the Sausalito’s real estate market is trying to recover from the interest rate hikes of 2023 and the FED pivot that started in March 2022, evidenced by an increase in median days on the market at 24 days, and increase of 4% from this point last year.
Sausalito's real estate market is buoyed by a thriving job market of San Francisco, known as a financial center and for its booming tech sector. I believe the next generation of AI technology companies will be created in San Francisco. Helping to increase demand for housing will inevitably lead to Marin.
During the pandemic, many people relocated out of San Francisco, however I believe that trend has normalized. That the greatest impacts of the Sausalito real estate market of this past year have been primarily based on accelerated interest rate hikes and economic predictions of what may or may not materialize.
Moving forward, I believe corporations will slowly do away with the work from home philosophy, making it a requirement for people to get back into the office, leading to greater interest in moving back to the city. Thus, creating a more traditional demand to accommodate growing families in Marin County.
Additionally, Marin's fantastic communities, rich cultural scene, outdoor lifestyle, our educational institutions, and family-friendly environment will always be in demand.
Marin’s real estate market in 2023 was marked by market forces that impacted everyone. However, our local Marin real estate market will always be a resilient combination of economic growth and higher quality of life. That does come with a price, but it’s worth it.
The history of Fairfax is deeply intertwined with the development of Marin County. The area was originally inhabited by Coast Miwok Native Americans, who enjoyed its lush landscapes and mild climate for centuries. In the late 19th century, Fairfax began to evolve as a hub for agriculture and a stop on the North Pacific Coast Railroad, facilitating the transportation of goods to and from the region. In the early 20th century, Fairfax gained recognition as a center for mountain biking, attracting outdoor enthusiasts from far and wide.
In more recent years, Fairfax has become known for its progressive and eco-friendly initiatives. The town was one of the first in the country to ban plastic bags, and its commitment to sustainability is evident throughout the community.
One of the many reasons residents love Fairfax is the town's vibrant downtown area, characterized by a variety of unique shops and eateries. From boutique clothing stores to art galleries, you'll find an array of local businesses that support the town's thriving community.
Fairfax also offers a diverse culinary scene. Whether you're in the mood for farm-to-table dining, international cuisine, or a casual burger joint, you'll find it all here. For a truly local experience, don't miss the vibrant Fairfax Farmers Market, where you can savor the freshest produce and artisanal goods the region has to offer.
For nature lovers and outdoor enthusiasts, Fairfax is a paradise. With access to some of Marin County's most beautiful parks, residents can explore an extensive network of hiking and biking trails. Marin County Open Space Preserve, Mount Tamalpais State Park, and Marinwood Open Space Preserve are all just a stone's throw away.
In addition to hiking and biking, Fairfax's sunny climate provides the perfect backdrop for outdoor activities such as golf, tennis, and horseback riding. If you're a water sports enthusiast, nearby Lake Lagunitas offers opportunities for kayaking and fishing.
Fairfax may be a small town, but it's big on entertainment and culture. The town's rich history of live music continues to thrive, and you can enjoy live performances at various venues throughout the year. If you're a music lover, you won't want to miss the legendary 19 Broadway Bar & Nightclub or Iron Springs Pub & Brewery, which often hosts local bands.
Fairfax also hosts an array of vibrant festivals and community events, such as the annual Fairfax Festival and the famous Fairfax Brewfest. These events provide excellent opportunities to engage with the local community and celebrate the town's unique character.
For families considering Fairfax as their new home, it's important to know that the town is served by the Ross Valley School District, which provides quality education to students from kindergarten through eighth grade. The district has earned a reputation for its dedicated teachers and supportive community.
High school students in Fairfax typically attend Sir Francis Drake High School, located just a few miles away in the neighboring town of San Anselmo. The school offers a diverse range of academic and extracurricular programs to help students excel.
Fairfax's real estate market offers a wide variety of housing options to suit every taste and budget. From cozy, historic cottages to contemporary, eco-friendly homes, this town has it all. Here's a brief overview of some common home styles and their typical price ranges:
Craftsman Cottages: Fairfax is home to charming Craftsman-style cottages that exude character and nostalgia. These homes typically range from $800,000 to $1.5 million, depending on size and condition.
Mid-Century Modern: The Mid-Century Modern style is prominent in Fairfax, reflecting the town's history of progressive architecture. Prices for these homes can vary from $900,000 to $1.7 million.
Rural Retreats: If you're seeking a more rural lifestyle, Fairfax offers spacious properties set against the backdrop of the Marin Hills. Prices for these homes can start at $1.2 million and go well beyond, depending on acreage and amenities.
Eco-Friendly Abodes: Fairfax is known for its commitment to sustainability, and this extends to the housing market. You can find energy-efficient and environmentally conscious homes in the $1.3 million to $2 million range.
Condominiums and Townhomes: For those looking for more compact living, Fairfax also has condominiums and townhomes. Prices typically range from $500,000 to $1 million, depending on size and location.
Please keep in mind that the real estate market is dynamic and constantly evolving. To get the most accurate and up-to-date information on property availability and pricing in Fairfax, I recommend contacting a local real estate professional like me, who can provide personalized guidance based on your specific needs and preferences.
Fairfax, California, is a remarkable place with a rich history, abundant outdoor activities, a thriving local culture, and diverse housing options. Whether you're a nature lover, a history buff, or a family looking for a welcoming community, Fairfax has something to offer. If you're considering Fairfax as your new home, don't hesitate to reach out to me for expert guidance in navigating the real estate market in this beautiful town. I'm here to help you find the perfect home that suits your lifestyle and preferences. Fairfax is not just a place to live; it's a place to thrive, and I look forward to helping you make it your home.
If you have any specific questions or would like more information about Fairfax's real estate market, please feel free to contact me. I'm always here to assist you on your journey to find your dream home in Fairfax, Marin County.
Bay Road, Manor Hill / Bothin Park / Cascades, Monte Cristo / Deer Park / Fairfax Heights, Marinda Oak / Laurel, Pine, Madrone, Oak Woodland and Toyon Hill / Oak Manor, West Fairfax / Pacheco Park, Downtown, Fairfax Park
Fairfax has 3,410 households, with an average household size of 2.22. Data provided by the U.S. Census Bureau. Here’s what the people living in Fairfax do for work — and how long it takes them to get there. Data provided by the U.S. Census Bureau. 7,605 people call Fairfax home. The population density is 3,413.21 and the largest age group is Data provided by the U.S. Census Bureau.
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I first strive to understand your unique situations, whether you are buying or selling. Through asking questions and attentively listening, I support and guide you in finding the best fit.
