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Dear valued client, neighbors, friends, and family,
I am honored and so pleased to share this update on the Marin County residential real estate market; a continuing “wild ride” that has not been experienced in many decades in Marin. The continued migratory pattern of buyers in all price ranges from San Francisco to Marin is responsible for the ongoing upsurge in values and consistent constraint in supply. While most attribute the push in prices as a result of Covid, in my professional opinion, the continued exodus from San Francisco has more to do with the understanding of how safe, sophisticated and beautiful Marin County is. Marin also continues to offer buyers relative value. Every day, I am watching the ceiling of valuation broken in various sub markets throughout Marin. The homes that appreciate at the highest rates in Marin are both waterfront homes and homes that are in the flats, on level lots, in walkable locations without environmental concerns that include things like road noise, fire danger, constrained parking and/or power lines. The net net here is that your home has likely had great organic appreciation due to scarcity of supply and increased demand, but the expectations should be realistic in relation to how much appreciation your home has benefited from depending on where it is and its level of capital improvements tracking current trending design. I am constantly reminding my clients that keeping their kitchen and bathroom finishes, paint colors (think white on the inside!!), lighting, and furnishings current is the key to maintaining their home’s appreciation. Every dollar invested in these critical items provides a very high return on investment in an asset you get the benefit of living in.
Two recent Ross transactions that I was involved in have broken the ceiling of valuation in the community! We saw a new benchmark of $3,000 per square foot, up from the prior record of $2,000 per square foot, close last month. This was for a +- 6800 square foot Barbara Chambers designed one level, shingle style home with pool and level acre grounds designed by Michael Yandle. We have also seen a surge in flat lot values on the school side of Ross. A level acre with no or little structure value in Ross has now also hit a new high.
Check out the year over year stats for both Marin and your home’s community below.
If you have not yet read my book, and are considering buying or selling, I would encourage you to order my recently published book by Mango and available on Amazon: Real Estate Rescue. It will tell you everything you need to know in relation to how to monetize your home and create appreciation in the home you are seeking to buy.
See below for upcoming listings and my featured home of the quarter, this outstanding new listing at 135 South Ridgewood in Kentfield. It is true perfection!
ORDER YOUR COPY HERE:
Amazon
Book Passage
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Kentfield’s Finest Estate
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This ground up/new build, completed in 2008, offers your most discerning buyers every single thing that one could want in a luxury estate. Authentic, Mediterranean architectural design inspired by the great estates of Santa Barbara, the +- 10, 120 square foot compound includes a 5 bedroom, 5.5 bathroom main house; 1 bedroom guest house with full kitchen; detached pool house with full bathroom; and “Pool Cave”, ideal for entertaining and shaded pool side lounging. Gated, private, and totally quiet, the +-1.7 acre grounds offer stunning, mature plantings, garden art, sweeping level lawns, grand scale outdoor terraces, fire pit area, elevated hot tub, in-ground pool, chicken coop, veggie gardens, and property “trail”. Southwest facing with stunning Mt. Tam views. Easy access to local trails, the Woodlands Market, and award winning K-8th grade Kentfield School District. A few blocks off the flats!
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Current Listings
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135 S. Ridgewood Road, Kentfield
$17,995,000
6 Bed | 7.5 Bath | +- 10,120 SqFt
1.74 acres
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37 Upper Road, Ross
$14,995,000
6 Bed | 4 Full & 3 Half Bath | +- 9,560 SqFt
1.9 acres |
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135 Belvedere Avenue, Belvedere
$9,995,000 - 1.22 acres
Approved Plans For:
6 Beds | 7.5 Baths | +- 11,100 SqFt
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1 Via Vandyke, Mill Valley
$8,995,000
7 Beds | 5.5 Baths | +- 7,545 SqFt
1.62 acres |
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357 Rose Avenue, Mill Valley
$3,595,000
4 Beds | 3 Full, 2 Half Baths | +- 3,915 SqFt
0.14 acres |
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2 Sylvan Lane, Ross
$2,850,000
3 Beds | 2 Baths | +- 1,702 SqFt
0.46 acres |
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The Ranch, Larkspur
$2,750,000
Four parcels totaling +-3.4 acres
3.4 acres |
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108 Laurel Grove Avenue, Ross
$12,995,000
6 Bed | 4 Full & 3 Half Bath | +- 9,560 SqFt
3.04 acres
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121 Toyon Lane, Sausalito
$2,995,000
3 Beds | 4 Baths | +- 2,618 SqFt
0.26 acres |
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2 Ash Avenue #3, Kentfield
$695,000
2 Beds | 2 Baths | +- 836 SqFt
0.02 acres |
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9 Upper Ames Ave, Ross
$20,000,000
5 Beds | 5.5 Baths | +- 6,758 SqFt
1.08 acres |
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2 DeWitt Dr, Ross
$18,000,000
5 Beds | 6 Baths | +- 8,170 SqFt
1.92 acres |
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70 Lee St, Mill Valley
$10,300,000
7 Beds | 6.5 Baths | +- 6,853 SqFt
0.89 acres |
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51 Loma Linda Avenue, Ross
$7,795,000
6 Beds | 6 Baths | +- 6,853 SqFt
0.65 acres |
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219 Laverne Avenue, Mill Valley
$6,495,000
5 Beds | 5 Baths | +- 4,880 SqFt
0.73 acres |
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147 Beach Road, Belvedere
$6,495,000
5 Beds | 4.5 Baths | +- 4,000 SqFt
0.12 acres |
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21 Fernhill Ave, Ross
$5,000,000
4 Beds | 3.5 Baths | +- 2,731 SqFt
0.63 acres |
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91 Upper Toyon Drive, Kentfield
$4,995,000
5 Beds | 5 Baths | +- 5,300 SqFt
0.45 acres |
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408 Spruce Street, Mill Valley
$3,995,000
4 Beds | 3.5 Baths | +- 3,785 SqFt
0.34 acres |
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19 Allen Avenue, Ross
$3,695,000
4 Beds | 3 Baths | +- 2,135 SqFt
0.21 acres |
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231 Princeton Avenue, Mill Valley
$3,495,000
5 Beds | 3 Baths | +- 3,405 SqFt
0.72 acres |
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41 Austin Avenue, San Anselmo
$3,495,000
5 Beds | 4 Bath | +- 3,414 SqFt
0.21 acres |
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34 Bella Vista Avenue, Belvedere
$3,495,000
3 Beds | 3 Baths | +- 2,627 SqFt
0.29 acres |
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7 Tamalpais Avenue, Belvedere
$3,195,000
3 Beds | 3 Baths | +- 2,078 SqFt
0.21 acres |
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50 Tarry Road, San Anselmo
$2,495,000
4 Beds | 2 Baths | +- 2,579 SqFt
0.34 acres |
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2 Madera Avenue, Ross
$1,995,000
4 Beds | 2.5 Bath | +- 2,510 SqFt
0.27 acres |
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4095 Paradise Drive, Tiburon
$1,695,000
2 Beds | 2 Bath | +- 1,497 SqFt
2.03 acres |
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• 123 Lagunitas Road, Ross
• 29 Roosevelt Avenue, Mill Valley
• 510 Biscayne Drive, San Rafael
• 2110 Vistazo Street East, Tiburon |
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• 9 Ames Avenue, Ross
• 3 Meadowood Drive, Larkspur
• 58 Karl Avenue, San Anselmo
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Marin County Market Stats
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Tracy gives a percentage of every closing to Marin’s 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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