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Larkspur, CA Housing Market
The Larkspur housing market is very competitive despite significant price declines. The median home sale price was $1.1M last month, down 47.4% year-over-year, while the median price per square foot dropped 26.7% to $842. This sharp decrease may indicate a shift in the types of homes being sold or market adjustments, but strong buyer demand keeps competition high, with desirable properties likely selling quickly and attracting multiple offers.
Larkspur is very competitive, with homes selling quickly in an average of 17 days. Many properties receive multiple offers, and some buyers waive contingencies to stay competitive. On average, homes sell for about 3% above list price, while hot homes can also sell for around 3% over asking and go pending in as little as 10 days, reflecting strong demand despite recent price declines.
Larkspur, CA is a seller’s market in June 2025, indicating that buyer demand exceeds the available housing supply. This imbalance creates strong competition, with many homes receiving multiple offers and some buyers waiving contingencies to secure a property. Homes are selling quickly, often within weeks, and typically close above the list price, giving sellers significant leverage in negotiations. Despite recent price declines, the limited inventory keeps the market highly competitive, favoring sellers who price their homes strategically.
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Larkspur’s core is a protected historic district of early‑20th‑century shingled cottages, storefronts, and mature redwoods. Additions, second stories, façade changes, and even exterior materials can trigger design review, story‑poles, and neighbor noticing. Expect requirements to preserve scale, massing, rooflines, and street character. Heritage tree rules (especially redwoods) affect pruning/removal and any work within root zones. Plan timelines and budgets around these reviews if you intend to remodel or expand.
Homes tucked into these canyons enjoy serenity and trail access (e.g., Dawn Falls) but see cooler temps, more shade, and slower deck/roof drying. Redwood canopies increase moisture, moss, and termite risk; verify sub‑floor ventilation, gutter sizing, and drainage pathways. Narrow lanes and “stair streets” can complicate parking, deliveries, and emergency access. Being in the wildland–urban interface, these pockets benefit from ember‑resistant vents, Class‑A roofs, defensible space, and clear evacuation routes. Compare utility costs and everyday convenience against the flats before you commit.
Waterfront stretches trade views and dock access for tidal and storm considerations. King tides and high groundwater can stress foundations, yards, and crawlspaces; inspect for sump systems, elevation certificates, and backflow prevention. Bay‑mud soils may raise settlement/liquefaction concerns—review geotechnical reports and foundation type. Some marina parcels carry HOAs/CC&Rs covering docks, bulkheads, and exterior standards; clarify dues, reserves, and maintenance responsibilities (dredging, seawalls). Price flood insurance and long‑term adaptation into your total ownership cost.
Proximity to the Larkspur Ferry Terminal and the SMART rail terminus is a major lifestyle and resale driver for SF/North Bay commuters. The trade‑off is episodic congestion and parking overflow around Sir Francis Drake Blvd and Marin Country Mart, especially weekends and event days. US‑101/580 access is superb but brings traffic noise for nearby streets—evaluate window assemblies, fencing, and landscape berms. If you plan to rent an ADU or home office, commuter demand can bolster income potential. Test routes at peak times and weekends to gauge true convenience.
Downtown‑adjacent flats (Palm Hill, Heather Gardens, Hillview) offer walkability to shops, cafés, paths, and schools, plus more consistent sun and easier parking. Hillside/view homes gain privacy and outlooks but add stairs, driveway grades, and retaining/drainage complexity; deliveries, strollers, and aging‑in‑place are real considerations. Map sun paths and tree shade to see how usable patios/yards are across seasons. For remodels, flat lots often allow simpler expansions; hillsides may require geotech, shoring, and higher soft‑costs. Weigh lifestyle patterns—on‑foot errands vs. scenic seclusion—when choosing.
Most addresses feed Larkspur‑Corte Madera School District (The Cove/Neil Cummins for elementary, Hall Middle) and Tamalpais Union HS District (Redwood High), but boundaries are parcel‑specific—confirm for each property. Living near Hall Middle, Piper Park, and the multi‑use path network shapes daily rhythms, traffic at bell times, and bike‑to‑school viability. If adding an ADU, check on‑site parking requirements relative to school and traffic overlays. Access to sports fields, community programs, and the library quietly boosts livability and future buyer demand. Documented walk/bike routes can strengthen long‑term resale.
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Explore everything Larkspur has to offer with our comprehensive neighborhood guide! From its charming community vibe to top-rated schools, local attractions, and real estate insights, our guide has all the details you need to fall in love with this vibrant area. Start browsing now and see why Larkspur could be the perfect place to call home.
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Elevate your real estate journey with Tracy Curtis’s dynamic blend of Olympic discipline and Hollywood agent finesse. Guided by transparent communication, Tracy offers data-driven insights tailored to buyers, and strategic marketing solutions for sellers. Her extensive education from UCLA and USC underscores her expertise, and her commitment to excellence and authenticity sets her apart as a trusted partner who goes the extra mile to meet your unique needs. Whether you're buying or selling, Tracy's approach guarantees a seamless and successful process, making your real estate venture truly exceptional.