What's Happening with Marin Real Estate?
|
I know this is a huge question facing many of my clients and homeowners in general. I want to know the exact answer as well and I am sitting in, participating, and listening to all of the guidance, experts, and leaders in the real estate industry so I can best serve my clients with confidence as I support all those wanting to buy and sell now. While the market has obviously changed from this time last year, I'm finding that the inventory is starting to pick up for properties that are currently vacant.
Homes are selling - as of 4/23/20 Northern California is at 560 April closings. This is 10% below what our company had projected during the first week of April. Many of the current escrows have been pushed out to May closings. This could be due to lender delay and general compromised business SIP speed during this time.
In the next week or two, we will have our first meaningful numbers of closings from SIP generated escrows. This is where the markets will “open” in the opinion of Mark McLaughlin, President of Compass California. As of now, the current prediction is we will see
5% - 10% off pre-SIP list prices for the under $3m price point and 15% - 20% off over $3m properties. However, we are also still seeing multiple offers for over list price sales in prime neighborhoods and locations. Time will tell and we are all anxiously awaiting some real-time data to go from.
In the meantime, I will continue to immerse myself in this changing industry so I can get you the information you need to make the best decisions for YOU. The SIP has been challenging, but we are navigating through it! I am committed to all of you today and always. Please continue reading for more data charts and most recent snapshots as well as ways to support our community during this time.
Take good care of yourself and each other!
With gratitude,
|
Looking to Help Others?
Here's How!
|
Without a doubt, the best and fastest way to get out of spiraling negative thoughts and worry is to get into service and help others. Whether you can do that with your time, your money, or supporting local business here are some ways to get you feeling good and into solution mode!
|
Volunteers are urgently needed to help our community respond to challenges related to COVID-19 in Sonoma, Napa, Marin, Solano & Bay Area counties!
Help our most vulnerable neighbors stay healthy by engaging in activities such as:
helping to pack boxes of nonperishable food at food bank warehouses,
picking up and delivering meals for homebound older adults, and
delivering supplies to assisted living facilities.
|
|
SF - Marin Food
Bank
Together, we can end hunger in San Francisco and Marin.
The Food Bank continues to do the day-in and day-out job of making sure vulnerable neighbors get the food they need. Now, they are putting solutions in place, one by one, to be able to continue providing food and helping our community prepare for whatever challenge the COVID-19 presents.
|
|
|
|
Dine11 Marin is feeding our local healthcare heroes, supporting beloved restaurants in Marin and giving our whole community a way to unite and help during the COVID-19 crisis.
​
Our local restaurants play an essential role in defining, shaping and enabling the community we love in Marin and our neighborhoods. By making it possible for our restaurants to continue operating at this crucial time, Dine11 Marin donors will help them
survive this crisis and retain employees by preparing delicious meals for hard-working doctors, nurses and crucial team members impacted by the coronavirus pandemic.
|
Marin Community Foundation Donation Support
MCF is providing immediate support to local safety net and health organizations, ensuring that we are inclusive of all people and communities. Support is being prioritized to address food distribution, rental assistance to mitigate loss of housing, and emergency cash assistance to vulnerable individuals.
|
|
|
|
Donate Blood to Help the COVID-19 Shortage
There is currently a nationwide blood shortage because of the COVID-19 Pandemic. The nation's two large's blood providers, Red Cross and Vitalant have put out calls for emergency donations. As of March 20, Vitalant had less than a two-day supply of blood products. The American Red Cross announced it has less than a five-day supply.
|
We are eager to get back to doing what we do best - representing our amazing clients in the successful sale and purchase of real estate in Marin! In the meantime here are some of our beautiful listings to check out!
Please contact me for more information.
|
Winship Park - San Anselmo
4 Bed | 3.5 Bath | $1,900,000
|
|
Sleepy Hollow - San Anselmo
4 Bed | 3.5 Bath + Legal ADU | $2,450,000
|
|
Hawthorne Hills - San Anselmo
3 Bed | 2 Bath | $1,399,000
|
|
San Geronimo Valley - San Geronimo
3 Bed | 2 Bath | $1,300,000
|
|
Inspiring words, quotes, and stories always brighten a moment for us.
We are leaning into words of encouragement, gratitude, and positivity to make sure we keep our spirits up! I hope you're doing the same or spending some extra time doing the things you love! Our mindset matters!
|
Stay Safe, Healthy & Positive!
|
Social Links are not complete
|
|
© Compass 2020 ¦ All Rights Reserved by Compass ¦ Made in NYC
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 presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. Equal Housing Opportunity.
|
|
|
