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Dear valued clients, friends and my wonderful family,
I hope you are well and that your family members are healthy and safe during SIP. Im fielding many calls about what is happening with residential real estate right now and doing a lot of TV interviews, podcasts and radio interviews (super fun!) on the state of affairs in our industry in real time. Here are my thoughts:
So far, we are not seeing prices come down as much as we are on hold for showings for occupied homes right now. Homes in Marin that are vacant are able to be shown. I am successfully transacting those homes at pre-coronavirus valuations as long as the price of the home is considered to be fair market based on data for prior closings. In many ways, I feel that the events of late could actually be an opportunity for the Marin County real estate market to benefit from buyers wanting to move from the density of San Francisco. Prices will fall only if there is enough stress on the market that sellers are forced to sell and reduce prices to sell quickly.
I do NOT see that happening now and dont anticipate that happening in the immediate Bay Area for homes in prime locations and/or homes that are new/er and of current design. I am optimistic about Marin real estate based on the ease of commute into SF, multitudinous recreational opportunities, proximity to the ocean and wine country and strength of our public schools. For some additional market insights, please read this incredibly helpful Curbed SF story which I contributed to - What Bay Area Homebuyers Need to Know During the Coronavirus Pandemic: https://sf.curbed.com/2020/4/9/21211549/coronavirus-buying-house-san-francisco-real-estate
For additional information on how not to leave money on the table when buying or selling a home, my new book, Real Estate Rescue, is number one in pre-sale on Amazon in several categories:
ORDER YOUR COPY HERE: https://www.amazon.com/Real-Estate-Rescue-Tracy-McLaughlin-ebook/dp/B07VV6JG88 https://www.bookpassage.com/book/9781642501957
If you have already ordered Real Estate Rescue, I would so appreciate if you could provide a review on Amazon. Every favorable review really helps. I can't think of a nicer gift for my birthday this month!
https://www.amazon.com/review/create-review/?ie=UTF8&channel=glance-detail&asin=B07VV6JG88
I am keeping everyone in my thoughts and wish you all the very best for health and happiness in these trying times. I am here to answer any questions that you may have about the market or your home. Call me at 415.699.6680!
A percentage of every one of my closed sales is donated to the Center For Domestic Peace, which has provided safe housing for women and children in Marin County for the past 41 years. https://centerfordomesticpeace.org
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Listings Coming in 2020!
199 Madrone Avenue, Larkspur
84 Via La Brisa, Larkspur
145 Hawthorne Avenue, Larkspur
5 Midden Lane, Tiburon |
128 Winding Way, Ross
258 Bayview Avenue, Belvedere
303 San Rafael Avenue, Belvedere
21 Oak Place, Belvedere
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Current Listings
37 Upper Road Ross $16,995,000 |
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6 Beds | 4 Full & 3 Half Baths +- 9,560 SqFt |
421 Crown Road Kentfield $9,995,000 |
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4 Beds | 3 Full & 1 Half Bath +- 3,500 SqFt |
147 Beach Road Belvedere $7,995,000 |
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5 Beds | 4 Full & 1 Half Bath +- 4,000 SqFt |
320 Seadrift Road Stinson Beach $7,750,000 |
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4 Beds | 3 Full Baths +- 2,215 SqFt |
205 Laurel Grove Kentfield $5,495,000 |
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5 Beds | 4 Full & 1 Half Bath +- 4,033 SqFt |
44 Chestnut Avenue Ross $4,995,000 |
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5 Beds | 3 Full & 2 Half Baths +- 4,285 SqFt |
2 Hillgirt Drive Ross $3,495,000 |
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4 Beds | 3 Full Baths +- 2,954 SqFt |
27 Frances Avenue Larkspur $2,495,000 |
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4 Beds | 3 Full Baths +- 2,041 SqFt |
998 Edgewood Avenue Mill Valley $1,995,000 |
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5 Beds | 3 Full Baths +- 3,425 SqFt |
2472 Mar East Street Tiburon $12,000 Per Month |
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3 Beds | 4 Full Baths +- 3,000 SqFt |
96 Laurel Grove Avenue Ross Price Upon Request |
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6 Beds | 5 Full Baths | 1 Half +- 5,350 SqFt |
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How to Help the Bay Area!
Sew Fabric Masks for Kaiser Staff https://about.kaiserpermanente.org/ Although hand-sewn masks don't provide the protection most hospital staff need, they can be used as an extra layer of protection over N95 masks or in case of a severe shortage. Some hospitals, including Kaiser Permanente, are accepting donations of homemade masks that meet specific requirements. |
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TRACY GIVES A PERCENTAGE OF EVERY CLOSING TO MARINS CENTER FOR DOMESTIC PEACE, WHICH HAS PROVIDED SAFE HOUSING FOR WOMEN AND CHILDREN IN MARIN COUNTY FOR THE PAST 41 YEARS. To learn more about this incredible organization, please visit CenterForDomesticPeace.org |
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