The State of the Market

♦︎

"Risk comes from not knowing what you are doing."

- Warren Buffett



November, 2021 | Vol. 5 | No. 8

OCTOBER in MARIN

1 • MOST AFFORDABLE AREA: NOVATO
Condo: $515K Median Sales Price
SFH: $1.185m Median Sales Price

RUNNERS UP:
LARKSPUR Condo: $640K Median SP
MILL VALLEY Condo: $635K Median SP

2 • MOST EXPENSIVE AREA: BELVEDERE
$7.775m Median Sales Price
(Based on 4 sales; be sure you are reviewing data exceeding 1 sale.)

3 • PERCENTAGE OF LIST PRICE RECEIVED, SP:LP: 118%
Almost every town in Marin is commanding over-asking price, with
STINSON BEACH receiving the highest overbid, 118% of list price.
 
4 • AREA/SEGMENT WITH MOST INVENTORY:
SAN RAFAEL/Condo – 3.3 MSI
CORTE MADERA/Condo – 2 MSI
With a few exceptions, every town of Marin is experiencing an MSI < 1.

MONTHS SUPPLY of INVENTORY (MSI)*
Seller’s Market = Under 4 mos.
Balanced Market = 4-6 mos.
Buyer’s Market = Over 6 mos.

*MSI: How many months it would take to sell all of the existing inventory

•➤ BOTTOMLINE:

RECORD LOW inventory (#4) coupled with extremely high buyer demand has led to a surge in home prices (#3). As more inventory becomes available, home price appreciation will stabilize. Houses won't become more affordable in Marin but there will be more to choose from.


Please reach out when I may be of
service to you, a family member or friend.

Happy November

🍁
1

THE VALUE OF YOUR NEIGHBORHOOD

Stay up-to-speed on your area metrics,
as they do fluctuate monthly.

I chart them for you routinely:



*BAREIS MLS data
**SFAR MLS data
3

REAL ESTATE Q & A


Q: "I want to sell my house but don't want to spend the money to repair, renovate or stage it. How can I compete with other staged properties currently on the market?"

A: We will take care of that for you.

🛠

WE WILL FRONT THE COST TO:

  • PREPARE YOUR HOME FOR SALE
  • REVIVE A LISTING SITTING IDLE
  • RESOLVE ANY POST-INSPECTION RENEGOTIATIONS


HOW IT WORKS -

At COLDWELL BANKER, we offer every seller the resources needed to make home improvements to maximize the sell price and limit time on the market.

  • No upfront or hidden fees, no interest charges or markups, no credit checks or liens on the property. No qualifications of eligibility to participate (other than an active listing agreement in place).

  • All services are billed to Realogy (our holding company). The seller pays back only the project costs from settlement funds at closing.

  • All service providers are local professionals selected for having the highest customer ratings, and have undergone a rigorous screening process, including a background check and licensing requirements.

We can assist with any non-structural project. The most frequently requested services include:

  • Staging
  • Landscape
  • Carpeting & Flooring
  • Cleaning
  • Painting
  • Room Remodeling
  • Plumbing
  • Electrical Repairs

To arrange a Pre-Listing Consultation with me or discuss any real estate related matter, please reach out.

I am always delighted to speak with you!

📧 Email Me
☎️ 415.533.2332

*Exceptions include land properties, or any property in foreclosure, forebearance, bank-owned, short sale or where the seller is in bankruptcy. Some staging services could be an exception if completed at seller's request/TBD.

4

SEASONAL RECIPE

The ULTIMATE Beet Burger
(Vegan)

You may never go back to cow.


5

ON MY NIGHTSTAND


You can tell a lot about a person by
what they laugh at, or what they read.


THE ART OF MEMOIR
M. Karr (2015)
(Autobiography)


STEVE JOBS: The Exclusive Biography
W. Isaacson (2011)
(Biography)

📚




Whether you are selling your home, interested in a complex investment exchange, a first-time home purchase or charting a move across country, I am here to help you navigate all things real estate. I specialize in Marin County and San Francisco but, through our vast Global Relocation Network, can connect you with an excellent agent anywhere in the world.

Please reach out whenever I may be of service to you, a family member or friend. I will ensure your experience is an exceptional one.

Isabelle V. Laub
Cell: 415.533.2332

Your trusted Real Estate Professional
specializing in Marin and San Francisco

When purchasing real estate, be sure to work with an Agent to represent and protect your interests during one of the largest purchases you may ever make. Commission is paid by the Seller, inherently structured and agreed to in the listing contract set forth between the Seller and the Seller's representative, the listing agent.