Happy May! I hope you are enjoying the renewal Spring brings and getting excited for Summer which is right around the corner. Read on for the latest market update, housing market matters, things to do, followed by my team's recent activity.
Click on article title for links.
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The 30-year fixed rate mortgage averaged 2.96% just a year ago; this week, it averages 5.27%, Freddie Mac reports.
“Mortgage rates resumed their climb this week as the 30-year fixed reached its highest point since 2009,” said Sam Khater, Freddie Mac’s chief economist. “While housing affordability and inflationary pressures pose challenges for potential buyers, house price growth will continue but is expected to decelerate in the coming months.”
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Marin Market Report - May 2022
Amid dramatic home-price gains to new peaks, preliminary signs of markets shifting cooler. In April 2022, the Bay Area continued to see appreciation, overbidding and days-on-market reflecting extremely intense demand. As of May 5, mortgage rates were up 69% in 2022, and the scale and speed of the increase make it difficult to predict precise effects.
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Seller’s Checklist: A Timeline to Prep Your Home for Sale
We’re still in a seller’s market, but that doesn’t mean your home is guaranteed to easily sell. If you want to maximize your sale price, it’s still important to prepare your home before putting it on the market.
Start by connecting with a real estate agent as soon as possible. Having the eyes and ears of an insightful real estate professional on your side can help you boost your home’s appeal to buyers.
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Three Timely Market Insights
Senior Economist Jeff Tucker offers three timely market insights on the heels of the latest Zillow market report, which showed rising inventory and cooling rents. See entire article by clicking title.
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On view through September 5th, the show dazzles from top to bottom, gravity-defying headpieces to fanciful footwear and everything exquisite in between. A celebration of the renowned couturier's remarkable work over the past 20 years. You'll find more than 80 pieces from Guo Pei's collections, which have graced runways around the globe, from Beijing to Paris. Plus, many of the designs have never been publicly displayed before.
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Opening May 15 at Marin Art & Garden Center: an exhibit from ocean activist and author Josie Iselin, who painted seaweed portraits that combine with fascinating historical imagery to delve deep into the beauty and science of seaweed, through July 10.
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What's New Around Town
A Marin dad drops a restaurant in San Francisco’s Cow Hollow neighborhood; the Madrona reopens for overnight guests and events; and Fort Point Beer Co. reopens its outpost in the Mission neighborhood of San Francisco, among other newness in Marin and beyond.
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Healdsburg Wine & Food Experience
May 20-22, 2022
The Matheson restaurant will act as community hub for a welter of chefs (Nyesha Arrington, Viet Pham, Stephanie Izard, Tim Love) cooking up a storm at culinary experiences, parties and seminars, to support Sonoma County Grape Growers Foundation and Healdsburg High’s Future Farmers of America program, through May 22.
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Curate Studio home accessories specializes in the smaller accent pieces for just the right touch. They uniquely carry a mixture of small batch handmade products with a special interest in American artisans, makers and women owned businesses. They pride themselves on offering designer quality items with budget friendly prices and offer design services as well.
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Flowerhead Tea is your direct connection to natural wellness through full flavored teas, floral tisanes, spicy chai, and potent powders. On a mission to encourage you to slow down, listen to your body, and change your life through the daily ritual of drinking tea.
Owned and operated by Karina Vlastnik, Flowerhead has bloomed into a multifaceted, ethically sourced tea and chai company inspired by the evolving vibrations and diverse terrain of Northern California.
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Marin's 10 Best Day Hikes
Marin County is home to a plethora of outdoor adventure opportunities—from hiking and biking trails to beaches and lighthouses—spread across its diverse public lands.
Though some of these areas can get crowded on weekends, there are also plenty trails that are comparatively less traveled. Here are a few favorites.
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Our Recent Listings and Buyer Transactions
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38 Thunderbird, Novato
4 Bed | 3.5 Bath | 3,333 SF | 2.52 Acres
Elegant estate-level living on one of the best streets in coveted Marin County Club. This 2.52-acre ultra-private property is fenced and gated with stately stone and wrought iron. The lovely foyer with gorgeous hardwood floors sets the tone for the dramatic home. The designer kitchen features a quartzite island and counters in textured black quartz with intricate marble tile work on backsplash. An exquisite wet bar is perfectly sited for wine tasting and entertaining area between the kitchen and family room which open to the expansive, sunny deck. A second deck with more lovely seating and a water fall awaits. The main floor includes the formal dining & living rooms, two bedrooms, one full bath, the powder and laundry rooms. Front yard and park-like grounds provide for hours of play and exploration. Upstairs features the spacious primary ensuite bedroom w/fireplace and walk-in closet and a fourth large ensuite bedroom. A 510-btl wine room and 3-car garage round out the estate.
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NECESSITY IS THE MOTHER OF INVENTION
With inventory so low and buyers out in force, we and our clients have created new strategies for both our sellers to get to market now without all the usual fuss and expense and our buyers to prevail to find their dream homes.
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116 Buena Vista,
Mill Valley
Our team brought this charming, tenant-occupied duplex to market in a week foregoing the costly, time- consuming prep we would usually recommend in the past. We held
one, three-hour open house which produced three offers all significantly over asking and closing for
$600K
over
original list price.
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340 Marion Avenue,
Mill Valley
With inventory so low, we were thrilled to be able to help this adorable, growing family finally land their dream home off-market. Originally built in 1920 with many vintage touches and a dreamy lot not far to town via the Dipsea Steps.
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146 Edison Avenue,
Corte Madera
3 Beds | 1 Bath | 1310 SF
After many attempts to prevail in the bidding wars on other properties, our lovely client was able to purchase this cozy bungalow off-market benefitting from no competition at a significant savings .
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As always, please let us know if there is anything we can do to help you and yours with your real estate needs and homeownership questions.
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© Compass 2022 ¦ All Rights Reserved by Compass ¦ Made in NYC
Compass is a real estate broker licensed by the state of California and abides by equal housing opportunity laws. License number 01527365. All material presented herein is intended for informational purposes only. Information 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 accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.
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