For the first time since the pandemic began in March 2020, the Marin County market experienced it’s typical seasonal summer-slowdown after a fast paced Spring selling season.
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People come to Point Reyes National Seashore to stroll along Limantour Beach and kayak in Tomales Bay, to gawk at the herons and the herds of Tule elk. But this rural peninsula is as much a place to hike among the cows as it is to, well, eat them.
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With San Francisco socked-in with friendly fog and the inland areas baking in heat, Marin County is an easy coastal escape with refreshing beaches.
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We’ve worked hard for many years doing what we love and to get to the point of being nominated, let alone featured by the nations premier real estate magazine is truly an honor for us and we’re so excited to share it with you.
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Hello, 2021! Goodbye 2020. It was a wild year, to say the least. It was hard for everyone in many different ways, but when we look back on the good things that came from a challenging year, one thing is very clear... We braved it together and we feel more resilient than ever. As we look forward to new beginnings and a fresh start, we look back 2020 with so much gratitude for everything our team accomplished.
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Thanksgiving week is upon us! While our tables may not be as full this year, we're still full of gratitude for our cozy homes, friends and families near and far. So, here’s to new memories, old traditions, favorite recipes, setting a festive table with your quarantine crew and sharing lots of gratitude for 2020. With that said, we wanted to share a few things we're thankful for this year:
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It's hard to believe that we're already in November and buyer demand has yet to show signs of slowing down. September and October are often our busiest Fall months and this year was certainly no different…
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It's hard to believe that we're already in November and buyer demand has yet to show signs of slowing down. September and October are often our busiest Fall months and this year was certainly no different…
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Making the move out of state, our seller of 1216 Lattie Lane hired our team to prepare their home for sale in Mill Valley. With $40,000 into painting, carpets, staging, landscaping, and light fixtures, we transformed the home in preparation for hitting the market. Within 7 days on the market the property received multiple offers and sold for $200,000 more than the seller expected to receive for their home.
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We've had a profoundly busy Summer as the Marin real estate market continued its pandemic-defying rebound in July, with substantial pricing increases and homes trading at a rapid pace. The median price of a single family home hit $1.5 million last month, a year-over-year increase of nearly 25% since July 2019.
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Getting ready to move out of state, the sellers of 139 Tiburon had one goal: sell our home over $1.4M. They hired our team to take full control of upgrades to make their home as desirable as possible to buyers. Our concierge program provided an interest free loan to cover the upfront costs of home prep. With $35,000 into flooring, paint, landscaping, and light fixtures the property received 4 offers and sold 11.2% over asking at $1,500,000.
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It's no secret that life in San Francisco has changed. Cooped up and concerned about the post-COVID future, we're getting daily inquiries from city renters and owners ready to make the move to the suburbs in search of more space, yards and easier access to the outdoors. However, the low supply of inventory is severely limited to meet the new buyer demand and sellers who choose this moment to list are experiencing record breaking buyer interest and sales prices.
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This Memorial Day Weekend, we hope you connect with the people in your life who you care about most, whether in person or virtually. Normally, we'd either be camping somewhere along the California Coast, barbecuing with friends or headed to Stinson Beach for some fun in the sun. While this year the holiday weekend looks a bit different, The Own Marin family has rounded up some awesome ideas to make the most of your holiday weekend at home to honor those who have served our nation and have given the ultimate sacrifice for our freedom.
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The Marin market continues to pick up speed with new listings hitting the market and many receiving multiple offers or strong preemptive offers within a week of exposure. We just learned that a hot new listing in Mill Valley listed at $1.7M received 13 offers this week after only 6 days on the market and is selling for more than $250k over asking with 60% of the buyer pool coming from San Francisco. So, what does this mean for home buyers and sellers?
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And we’re back! Even though the shelter in place mandate is still underway, the Marin real estate market is bouncing back with over 75+ new listings hitting the market in the past week. Though the Marin April median house price declined a little year over year (after 3 months of increases), too much should not be made of one month’s data – Marin’s monthly median sales price often fluctuates without great meaningfulness.
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While the real estate market has certainly slowed down over the last few weeks with significantly fewer new listings on the market than our typical Spring season, we've been very active helping our clients buy and sell homes during this time. We've represented eight families and couples buying or selling homes since mid-March when shelter in place (SIP) began, three of which have already closed escrow.
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We all know our frontline workers — medical professionals, delivery drivers, cooks, and so many more who continue to put their health on the line to help us through this pandemic. Our healthcare heroes are stressed, exhausted and badly in need of nourishment. Our favorite local restaurants have closed their dining rooms and have an abundance of recently unemployed cooks, hosts and servers needing to do what they do best: feed the people. These are our people, they’re heroes, and they need our help.
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As the real estate industry continues to change, we are dedicated to helping our community of homeowners, buyers and sellers safely work through the ongoing coronavirus pandemic. The data below will help keep you updated on market activity. Changing regulations are impacting our strategies to safely, legally and successfully sell homes during this time and we are continuing to guide our clients to succeed in this market while minimizing risk.
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At Own Marin, the health and safety of our agents, clients, staff, and the communities where they live, work, and play is our #1 priority. Here's how we are managing the new exception of real estate as an essential service. Here's what we can offer to ensure we stay connected and continue to provide you with impeccable service.
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A quick look at what’s happening behind the scenes in the Marin Real Estate Market since Shelter in Place (SIP) was ordered throughout California due to COVID-19.
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