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| | Wishing you a wonderful Thanksgiving with your family and friends. We are blessed. 🦃🥧🍂
As we speed through Autumn and approach the holiday season I have a few 2024 take aways...
The average home sale in October sold 2% under the list price vs about 2% over the list in spring 2024.
40% of home sales sold over the asking price in October vs about 60% in spring 2024 (spring 2022 was the hottest market).
27% of homes sold for All-Cash in 2024 (similar in 2023).
It was harder to get insurance in 2024, over 13% of transactions were terminated due to the inability to obtain it.
ADU construction in CA in 2023 compared to 2018 increased from 3,137 to 22,802 units.— I am optimistic about 2025, anticipating lower rates (eventually) and strong financial markets.
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The 3-month-rolling median house sales price in October 2024 was up almost 3% year-over-year, while the median condo sales price declined: Generally speaking, over the last 5 to 6 years, house markets have substantially outperformed condo markets around the Bay Area. After the big surge in new listings in September, the number dropped back in October, and the overall supply of active listings declined month over month, but remained higher than last year. Total home sales and luxury home sales increased both month over month, and year over year, but the increase in listings has outpaced the increase in sales. The number of price reductions hit its highest monthly count in 2 years.
Interest rates continued to rise in October and early November, but, as of November 6th, all 3 major stock market indices were at record highs. These 2 financial indicators – the first one typically having negative implications for buyer demand, and the second one positive – may pull different market segments in different directions in coming months.
Listing and sales activity, as well as virtually all the standard metrics of demand, typically cool markedly in November and December, and the number of unsold listings taken off the market (usually until the new year) often jumps, especially in higher price segments. But homes continue to be listed and sales to occur, albeit in reduced numbers, and indeed the next 2 months can be an excellent time for buyers to negotiate more aggressively to make some of the best deals of the year.
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| Sharon is simply the best in class. Many years ago, Sharon helped us locate and then purchase our first dream home in Tiburon where our kids were born.
We were only able to afford the house due to Sharon’s savvy negotiating on our behalf. Most recently, we sold this house, after renting it for a few years. Sharon was equally incredible, first helping us renovate it for sale, and then selling it at 13% above list and closing in less than 10 days.
I can’t emphasize enough how Sharon’s design judgement and countless hours helping with the project turned out to be a game-changer.
Over the years, we have worked with other many realtors due to moving often for work and my wife and I would unequivocally state that Sharon is at the top of the list.
Geoff & Catherine Tanner Seller - 20 Cypress Hollow Dr, Tiburon |
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| Looking for a primary residence, second home, or investment property outside of Marin? I am connected to some of the best agents in the country and would love to make an introduction! |
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35 Bernard St, Mill Valley 5BD 3.5BA 2,723 SF $3,995,000
Professional images coming soon..
Welcome to 35 Bernard Street, a stunning contemporary home in the heart of Mill Valley, just 1.5 blocks from the vibrant town square. This impeccably remodeled residence boasts 5 bedrooms and 3.5 bathrooms, offering a perfect blend of style and functionality for both entertaining and family living.
Open Sat 12-3pm and Sun 1-4pm |
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| | | Just one block from the vibrant downtown Fairfax, 52 Park is a charming 1920s home with over 4,250 sq ft on an 8,000+ sq ft corner lot. Classified as a 2 unit building, with a total of 6 bedrooms, 6 bathrooms and a cottage, blending vintage charm with modern conveniences. This property is perfect for extended family, or an investment opportunity for owner user.
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| | Bright, remodeled upper-floor end unit in Meadow Oaks featuring tall ceilings, a walk-out patio, and a modern kitchen with high-end appliances. It offers two bedrooms (one en-suite), two updated bathrooms, new flooring, and an in-unit washer/dryer. Enjoy covered parking and access to a pool, spa, clubhouse, and playground, all conveniently located near hiking trails, China Camp, shopping, and public transit! |
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| 40 DE SILVA ISLAND DRIVE MILL VALLEY |
| List Price: $2,495,000 Sold for $2,200,000 Buyer Representation Achieved 11.82% Under Asking Price |
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| 95 ELDRIDGE AVENUE MILL VALLEY |
| Sold for $6,200,000 Seller Representation Achieved 24.12% Over Asking Price |
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| | | 11 ELMA STREET MILL VALLEY |
| Sold for $6,000,000 Seller Representation Achieved 9.19% Over Asking Price |
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| | Sold for $3,500,000 Seller Representation Achieved 13.09% Over Asking Price |
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| | | | Sold for $3,250,000 Buyer Representation Achieved 1.36% Under Asking Price |
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| | Sold for $3,500,000 Buyer Representation Achieved 5.40% Under Asking Price |
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| | | | Sold for $1,075,000 Buyer Representation Achieved 2.27% Under Asking Price |
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| | | Sold for $1,075,000 Buyer Representation Achieved 6.52% Under Asking Price |
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| | | | Sold for $1,900,000 Buyer Representation Achieved 48.9% Under Asking Price |
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| | Visit my website to see my current listings and sold homes, as well as many testimonials, my newsletters, and more! |
| | Check out Coming Soon properties in Marin |
| | Check out Compass Luxury Curated Magazine |
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I am extremely proud and honored to have been named as one of the verified Real Trends top 1.5% of real estate agents in the Country again.
I am deeply grateful for the trust and support of my amazing clients, colleagues, family and friends. I owe this achievement to you all and thank you for choosing me to represent you in your real estate journey. |
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Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. |
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