Zamira Knows Marin | March Edition

Zamira Solari March 29, 2023

Dear Clients, Friends, Family, Neighbors, Everyone…

It's officially spring and with all this rain our beautiful county is as green as ever. Spring is our hottest season for real estate sales. With longer days, blossoming gardens, and the sun shining bright homes typically show best this time of year. But, where is all the new inventory?

Our spring season is off to a slow start with very little inventory to meet the high demand. The rain has been a real challenge trying to prep listings (can't finish exterior preparations in the rain), delaying photo shoots, navigating fallen trees, and it's just not ideal to show a beautiful listing on a rainy day. However, I encourage my buyers to see homes during a storm because if they like it on a crummy day they are bound to love it on a beautiful one. They can also see any issues caused by the rain - clogged gutters, leaking roofs, drainage issues, water in the garage, and musty smells. So, while it may be a pain to get out and see houses during a storm you will get some good insight you might not otherwise.

Another lag in inventory is the obvious fact that many people who want to move can't justify losing their 3% interest rates for the new 6% zone. Many buyers are going with 15yr fixed loans vs a 30yr fixed with plans to refi once the rates come down. The current rate for a 30yr fixed is 6.42% vs 5.68% for a jumbo loan. But, not everyone can postpone selling until interest rates drop. Personal circumstances such as death, divorce, and relocations can only be delayed for so long. Rest assured that despite the higher interest rates the buyers also don't want to delay their moves and they continue to be out in full force as I shared in last month's newsletter. I am hopeful our spring season will pick up soon!

Doing deals in 2023 vs 2022 is like a whole different world. Buyers and Sellers alike are nervous as they carry the weight of this crazy world in their hearts and heads. Even if the deal is going smoothly people seem to have nervous or worrisome energy so it's critical you are working with a Realtor who can keep you calm and focused on the goal at hand. I take great pride and care in addressing all aspects of the transaction, not just the negotiating, marketing, and sales aspects. I go the extra mile to make sure my clients are comfortable and confident and I go out of my way to give them all the information and data points so they can make their decisions with confidence and encourage them to lean on me when fear creeps in. I have a non-filtered, transparent approach when I communicate with my clients and don't sugarcoat anything. I give it to you straight but all with a loving heart and sincere care for what is going on with you personally. If I think a house isn't right or the offer isn't good enough you will hear it from me first!

My team is busy preparing our amazing new listings and coaching our buyers on how to get the best deal available. If you want to pick my brain or learn how I can support you in reaching your real estate goals I am just a call/email/text away.

Please continue reading for market stats, migration information, spring activities, and some good news from the IRS.

Here's to a great spring ahead. I hope you take the time to smell the roses!

With gratitude,

Zamira

Compass is #1!

I am pleased to share that – for the second year in a row – as of the end of 2022, Compass remains the LARGEST brokerage in the United States in terms of closed sales volume (RealTrends 3/9/23).

In a little over 10 years, we went from nothing — not existing — to #1.

I am proud to be a part of the largest brokerage in the U.S. – where I can best support YOU! Powered by the Compass network and technology, I have access to the top agents nationwide to help you with all of your real estate needs.

Migration To Marin:

Where Are They Coming From?

IRS Extends 1031 Exchange Deadlines

Well, the constant rains at least brought some good news with this extension.

The High & Low of March So Far

What was the highest and lowest sale of a single-family home in Marin this month so far, you wonder...

1912 Novato Boulevard, Novato

3 BD | 2 BA | 1550 SF | $720,000

21 Canyon Road, Ross

8 BD | 11 BA | 11575 SF | $14,000,000

See what's happening in your Marin town!

Community Corner

What's Happening In Marin In April?

Spring has sprung and everyone's ready to get outside! With Easter around the corner and better weather on the horizon, there are so many fun activities in Marin to look forward to!

Spring Cleaning Tips From Cleaning and Organizing Experts

Spring cleaning can feel daunting so tips from experts never hurts! Get inspired and find new ways to organize your space so you can go into this season feeling refreshed and renewed!

Spring Decorating Ideas To Celebrate The Season

Make your home feel bright and cheery to match the season! Adding some color and flowers to celebrate Spring is the perfect way to bring joy into your space!

Hot Listings

We are getting all lined up with great spring inventory. Here is a sneak peek of what's coming! We signed a stunning new property in Sleepy Hollow but it's too soon for any sneak peeks.

Contact me for more details!

IN ESCROW!

166 Crane Drive, San Anselmo, Sleepy Hollow

4 BD | 3BA | 3,680 SQFT | $2,400,000

Main House: 3 BD | 2 BA | Office | ~2,580 SQFT

Rental Unit (Lower Level): 1 BD | 1 BA | ~1,100 SQFT

COMING SOON IN FAIRFAX

Bolinas Road, Fairfax

4 BD | 3 BA | ~2,422 SF | ~54,288 SF LOT

Plus Office and Loft

$1,950,000

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Zamira Knows Marin | March Edition

Compass is #1!

Migration To Marin:

Where Are They Coming From?

IRS Extends 1031 Exchange Deadlines