Dear Clients, Friends, and Neighbors,
During the past two weeks, our team has had a ball delivering nearly 200 holiday wreaths to our fantastic clients. Seeing so many of you while making our deliveries has been a wonderful way to enter the holiday season with Thanksgiving, my favorite holiday, only a few days away. How wonderful to celebrate with family and friends again. I know that many of you are traveling out of town. For my family (party of twenty), Thanksgiving will be, as it has been for the past 35 years, a week-long gathering in La Jolla. I hope each of you enjoys your time with your family and friends as much as I will with mine.
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Although we are entering the holiday season, the real estate market shows no sign of slowing down. Property Shark just came out with their 2021 top zip codes in the United States list. Atherton was ranked #1 for the 5th consecutive year with a staggering median sale price of $7,475,000. Ross was once again ranked #4 with a median sale price of $4,583,000. Here are some key takeaways from the article:
- The top 10 most expensive zip codes in 2021 all surpass the $4 million mark, a historic first
- Nationally, 30 zip codes feature median sale prices higher than $3 million, more than double the number of areas in 2020
- 70% of the country’s 100 most expensive zip codes are located in California
- Bay Area claims 47 of the nation’s most exclusive zip codes
- Once again, San Francisco boasts the highest concentration of pricey zip codes, while NYC drops out of the top 20
One reason we see median prices continue to rise significantly is that we continue to experience an unprecedented lack of inventory and huge demand. In Marin County, units for sale (single-family homes $2M+) have decreased 34% YTD from 124 units in October 2020 to 82 units in October 2021, while units sold have increased from 65 in 2020 to 92 in 2021, a 42% increase. Since last month, we have seen a 20% decrease in units (SFH) for sale and a 23% increase in units sold.
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Patrick Carlisle of Compass created the graph below which gives a great visual image of our inventory during the past 5 years. It really demonstrates how extraordinary 2021 has been. |
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We are busy preparing a number of great properties for early Spring 2022 and will be sharing more in our January newsletter. Call us if you would like to know more. On behalf of everyone on our team, I wish you and yours a very happy and safe Thanksgiving!
All the best,
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Just Listed
238 Evergreen Drive, Kent Woodlands
List Price: $2,595,000
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Coming Soon
3 Thomas Court, Ross
Price Upon Request
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401 Golden Gate Ave, Belvedere
Sold: $9,250,777
Buyer Representation
Co-Represented with Shana Rohde-Lynch
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36 Fernhill Road, Ross
Sold: $7,100,000
Received Multiple Offers
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36 Glen Drive, Mill Valley
List Price: $5,995,000
Sold Off-Market: $7,000,000
Received Three Offers
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123 Sturdivant Avenue, San Anselmo
Sold: $7,000,000
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101 Crown Road, Kent Woodlands
Sold: $6,150,000
Received Five Offers
Buyer Representation
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Mid-Century Modern, Kent Woodlands
Sold: $5,895,000
Private Off-Market
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8 Sandy Lane, Mill Valley
Sold: $5,800,000
Buyer Representation
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7 Seafirth Place, Tiburon
Sold: $5,277,000
Received Three Offers
Co-Listed with Shana Rohde-Lynch
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7 Acorn Way, Kent Woodlands
Sold: $5,150,000
Multiple Offers
Buyer Representation
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235 Poplar Drive, Kentfield
Ross School District
List Price: $3,350,000
Sold Off-Market: $4,300,000
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21 Center Street, San Rafael
List Price: $4,250,000
Sold: $4,300,000
Received Multiple Offers
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32 Greensburgh Lane, San Anselmo
Sold Off- Market: $4,277,000
Buyer Representation
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25 Coronet Ave, Mill Valley
List Price: $3,895,000
Sold: $4,050,000
Received Multiple Offers
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216 South Ridgewood Road, Kent Woodlands
List Price: $3,795,000
Sold: $3,795,000
Received Multiple Offers
Co-Listed with Allison Fortini-Crawford
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12 Idlewood Road, Kent Woodlands
Sold: $3,750,000
Represented Both Buyer and Seller
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38 Santa Rosa Avenue, Sausalito
Sold: $3,299,000
Buyer Representation
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127 South Ridgewood Road, Kent Woodlands
List Price: $2,595,000
Sold: $3,200,000
Received Three Offers
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25 Harcourt Street, San Rafael
List Price: $2,900,000
Sold: $3,100,000
Received Multiple Offers
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45 Sunnyside Avenue, San Anselmo
Sold: $2,800,000
Received Multiple Offers
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15 Locust Avenue/18 Cedar Avenue, Kentfield
List Price: $2,500,000
Sold: $2,750,000
Received Multiple Offers
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2 Sylvan Lane, Ross
List Price: $2,595,000
Sold: $2,675,000
Received Multiple Offers
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116 Magnolia Avenue, Larkspur
List Price: $2,250,000
Sold: $2,550,000
Received Multiple Offers
Co-Listed with Susan Anello
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125 Cypress Avenue, Kentfield
List Price: $2,185,000
Sold Off-Market: $2,210,000
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241 Loring Avenue, Mill Valley
List Price: $1,495,000
Sold: $1,800,000
Received Six Offers
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49 Sunnyside Avenue, San Anselmo
List Price: $1,295,000
Sold: $1,430,000
Received Multiple Offers
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60 Redwood Road, San Anselmo
Sold: $1,375,000
Buyer Representation
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342 Arias Street, San Rafael
Sold: $1,130,000
Received Six Offers
Buyer Representation
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U.S. Home Sales on Track for Biggest Year in 15 Years
WSJ - November 22, 2021
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Will Real Estate Ever Be Normal
NYT - November 12, 2021
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Two-Thirds of Prospective Sellers in U.S. Want to List Homes Within Six Months
Mansion Global - November 11, 2021
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Manhattan Falls Short on List of America’s Top-20 Priciest ZIP Codes for First Time
Mansion Global - November 9 2021
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Explore this specialized periodical featuring Compass’ most prestigious properties.
Compass Curated - Fall/Winter 2021
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Fire Insurance: Are you covered? Highlight Reel presented by Fire Safe Marin
Get the 10,000 foot view on fire insurance and know where to go
to get answers to your most complicated insurance questions.
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Kaitlin Lopin Gilbert, Jonathan Lack, Carey Hagglund Condy, Shiloh Gordon, Kelly Erickson |
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23 Ross Common, Suite 3 | Ross, CA 94957
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