Restaurants and indoor dining are opening up in Marin. Open houses are back!
I am so excited to be getting back to the (new) normal. I hope you have plans for a fun getaway soon. Read on for the latest real estate update including
my team's activity with recent sales and listings.
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The real estate market in Marin continues to be on fire. YTD Marin has sold $3.7B+ in real estate. That's up 100% over 2020 in volume. Transactions are up 70%.
Above is a chart to show price appreciation.
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What is a real estate bubble?
A real estate bubble occurs when there is a rapid and unjustified increase in housing prices. Often this is caused by speculating investors blowing some hot air.
Like an overfilled balloon, the bubble eventually pops, and then a swift drop in home values occurs. This leads to reduced equity or, in some cases, even negative equity
Fortunately, economists don’t foresee that happening!
Prices are going up because there’s a very low supply (homes for sale) and high demand (lots of buyers). And those market dynamics aren’t expected to change any time soon.
Looking for guidance as you navigate this fast-moving market? Contact our team to learn more about current real estate trends and whether now is a good time to buy or sell.
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7 OFFERS, CLOSED $555K OVER LIST
4 Bed | 3.5 Bath | $2,350,000
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11 Thunderbird Drive, Novato
REPRESENTED BUYER $2,650,000
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364 Laverne Avenue, Mill Valley
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49 Hillside Avenue, Mill Valley
PENDING | PRICE UPON REQ.
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44 Great Cir Drive, Mill Valley
OFF-MARKET PENDING | $5,325,000
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50 Evelyn Avenue, Mill Valley
REPRESENTED BUYER $2,400,000
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507 Easterby Street, Sausalito
REPRESENTED BUYER $1,905,000
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7 Paper Mill Creek Court, Novato
PENDING | $105,000 OVER ASK
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44 Sunshine Avenue, Sausalito
OFF-MARKET PENDING | $5,100,000
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365 Margarita Drive, San Rafael
REPRESENTING BUYER $2,550,000
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615 Coloma Street, Sausalito
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© Compass 2021 ¦ 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.
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