Marin Summer Real Estate Season
I hope you and your family are enjoying what certainly feels like a different kind of summer! While I am missing traveling and social activities I am extremely grateful for our beautiful open spaces here in Marin County. Seeing countless people enjoy simple pleasures like social distancing and enjoying a glass of wine with friends in the back yard, picnicking in the parks or Lytton Square, kayaking on the bay and exploring West Marin are true silver linings. I am appreciated all that our beautiful County has to offer more than ever!
We continue to experience one of the most frenzied real estate seasons in recent memory with more buyer demand than supply of homes for sale. Low interest rates are outperforming COVID, and San Francisco families in search of more space, backyards with flat space and pools and renovated, move-in ready homes continue to come to Marin County, Lake Tahoe and the wine country in droves.
With schools shifting to online learning and Google announcing that workers should stay home until July 2021, many feel there is no reason to stay in San Francisco. This buying frenzy will not last forever. The economic fallout of COVID, the big question of when we will have a vaccine, and an upcoming presidential election make for some significant headwinds.
The article covers the tangible services this very important asset class provides that have nothing to do with money. The article also covers the significant buyer demand for quality spaces to work from home, learn from home, different floor plans and flexible spaces, bigger yards, and more recreational outdoor space.
Beautifully renovated homes with large kitchens and family rooms, designated spaces for home offices and at-home learning, serene outdoor spaces etc. continue to be in high demand from the flood of San Francisco families and move- up Marin buyers searching for a better quality of life.
I continue to be busy working with our clients prepping their homes for market and helping them find their dream homes. Unlike normal summers, there is no August slowdown this year. Please reach out anytime if I can be helpful.
Wishing everyone a wonderful August!
Select statistics for homes selling for over $2.5m
Home price appreciation 1991 to date
Sale price comparison 2019 vs 2020
Sharon's Spring and Summer Sales
465 Throckmorton Avenue, Mill Valley.
Prime downtown historic gated estate, designed by master architect Willis Polk and built by master builder Harvey Klyce.
265 Oakdale, Mill Valley
Renovated vintage home with classic details & quality craftsmanship, located on a sunny lot with south-westerly exposure & valley views, steps to downtown Mill Valley.
222 Bayview, San Rafael
Mid-century mini-estate with panoramic views from the Bay to Mt. Diablo! Situated on over one acre, this private and serene residence is steps to open space, numerous hiking trails, nature and abundant wildlife. Beautifully updated with fine quality finishes throughout.
5 Cecilia Court, Tiburon
Located on a quiet cul-de-sac and offering picturesque views of Mt. Tam, the Tiburon hills and the bay, 5 Cecilia Ct offers an optimal floor plan, vaulted ceilings, and a wonderful indoor-outdoor connection.
9 Marsh Drive, MV
Light-filled and open with vaulted ceilings, and classic beams throughout. Set in the secluded mature redwoods, bay trees and manzanita trees above the fog line in Blithedale Canyon. Close to the trails and walking distance to downtown MV.
2 Coleridge, Mill Valley
Beautifully updated 3BD/2.5BA end unit townhome in an excellent Shelter Ridge location Light & airy modern open floor plan with hillside views. Completely renovated throughout.
10 Byron Circle, Mill Valley
This stunning modern condominium atop Mill Valley's sunny Shelter Ridge is just minutes from the Golden Gate Bridge and San Francisco. High end remodel with gourmet kitchen and supreme finishes throughout.
195 San Francisco Boulevard, San Anselmo
This stunning Craftsman home is located in one of San Anselmo's most sought-after neighborhoods and is the epitome of curb appeal. Beautifully remodeled for today's modern living, with a spacious open floor plan, chef's kitchen, large level fenced back yard and a private master suite retreat.
247 Sausalito, Corte Madera
Contemporary Chapman Park charmer. Tastefully updated & lovingly maintained single level home offers an ideal blend of indoor/outdoor living. Hardwood floors, recessed lighting, crown molding, dual zone built-in speakers, & dual pane windows w/plantation-style shutters.
405 Wellesley Court
Tamalpais Valley, Mill Valley
4 Bed | 2.5 Bath
1229 Waterview Drive
5 Bed | 4 Bath
Tamalpais Valley, Mill Valley
3 Bed | 2.5 Bath
85 Diane Lane
Heather Gardens, Larkspur
3 Bed | 1 Bath
Please contact me directly regarding other upcoming listings!
Every economic downturn in history has slowed down the demand of buyers in the U.S. to move, but this downturn has been different -- it has driven new buyer demand. Across the country, and for many different reasons, people are moving. Just look at the trends across the market:
Mortgage rates reached an all-time low in July: 2.98%.
Mortgage applications are up significantly: +33% in the first week of July vs. a year ago.
National home sale activity rebounded: Existing-home sales in June rebounded 20.7% month over month, highest monthly increase ever recorded.
New single-family home sales soared to highest rate in 13 years: rose 13.8% year over year.
Home prices are at all-time highs: Median existing-home prices grew 2.8% to hit an all-time high. Homebuilder sentiment is at 72: The last time we had a yearly average as high as 72 was in 1999.
And of course, after many months of social distancing, people have never been so intimately aware of the inadequacies of their home, leading more people to want to move.