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Dear Clients, Family, Friends, and Neighbors,
Congratulations to all graduates and their parents on a job well done. Summer is officially here. The days are wonderfully long, and the weather is perfect. As much as I love to travel, I also love being here in Marin County, enjoying the nature and beauty that are so abundant this time of year. June is National Pet Preparedness Month. Now that we are in fire season, Fire Safe Marin has tips for pet owners for red flag warning days.
Two weeks ago, I had the honor of spending three days with the top 100 Compass agents (out of 34,000 Compass agents) in the US. This is my favorite real estate event of the year, and I am always inspired by how terrific, collaborative, and hardworking this group of “the best of the best” is.
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Shana Rohde-Lynch, Compass CEO -Robert Reffkin, Dana Green, Neal Ward, Carey Hagglund Condy, Compass' Ed Lynch and Mark McLaughlin | |
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We are just about midway through the year. Our team has excelled in helping nine buyers and seven sellers transact, and we remain fully committed to helping our other buyers find their dream homes despite the limited inventory. We strive for excellence and are proud to be a high-touch, full-service team at all price points. When you take great care of your clients, the rest falls into place. We are grateful to be ranked the # 1 Compass Marin Team and the #3 agent in Marin County.
I have felt the pace of the market shift from a somewhat frothy March to the current traditional summer slowdown. More inventory is hitting the market, with many buyers taking their time and not feeling the sense of urgency that was so prevalent in 2020-2022. As a result, price reductions and days on the market have increased for some properties.
Patrick Carlisle, Chief Strategist for Compass, put together the following Bay Area and Marin sales data.
Bay Area: Year-over-year changes, comparing May 2024 with May 2023:
- The number of new listings coming on the market: +8%
- The number of price reductions: +52% - an unusual dynamic for the heart of the spring selling season. (Some markets have seen price reductions more than double year over year.)
- The number of home sales: +7.5%
- The number of homes sales, $3 million & above +63% - higher price and luxury home sales dramatically outpacing the general market
- The number of home sales, $5 million & above: +37%
Marin County: Year-over-year changes, comparing May 2024 and May 2023:
- The number of new listings coming on market: +27% - see chart below
- The number of price reductions: +3,450%
- The number of home sales: +5.7%
- The number of homes sales, $3 million & above: +28.2%
- The number of home sales, $5 million & above: -6.7%
Source: Patrick Carlisle, Compass Bay Area Chief Market Analyst
The tables below show sales month-to-date and year-to-date for the total Marin market and for the Marin $5+ million market.
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In the ultra-luxury market, there have been four sales over $10M compared to five sales YTD 2023. Our team has been involved with two of the four sales this year.
Many of you are headed out the weekend for the 4th of July holiday. Regardless of our country's political challenges, I have faith that we will get through it, and there's no other place where I would rather live. Happy Birthday, America!
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Current Active & Coming Soon Properties | |
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23 Spring Road, Kent Woodlands
4 BD | 4.5 BA Main Residence
1 BD | 1 BA Guest Cottage
5,024 SQ FT | 2.0248-Acre Lot | Pool
Contingent: $7,200,000
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2008 5th Avenue, Forbes/Sun Valley San Rafael
4 BD | 2 BA | 1,732 SQ FT | 0.1338-Acre Lot
Coming Soon
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Custom-Built Luxury Home
Country Club Area, Mill Valley
6 BD | 5 BA | 5,705 SQ FT | 1.9132-Acre Lot | Pool & Pool House
Coming Soon
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142
Successful Buyer Purchases
Larks.
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Buyers looking for their forever home on the Ross Common side of Ross. Large level yard with a pool, minimum 4 bedrooms. No budget.
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Buyer seeking a Hamptons style home with gardens, a pool and views of Mt. Tamalpais in Kentfield, Ross or Mill Valley. Minimum of 4 bedrooms. Budget up to $7M. | |
Buyers seeking a home in Kentfield, Ross, San Anselmo, or Larkspur. Views, access to trails, and privacy are very important. They are willing to do work. Budget up to $6M. | | |
Buyer looking for home in Mill Valley or Sausalito. Looking for proximity to town or views with yard for a dog. Minimum 3 bedrooms, willing to do work. Budget up to $2.5M. | |
2024 CHC Team Property Sales | |
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121 Woodland Road, Kent Woodlands
Sold: $12,500,000
Multiple Offers
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34 Laurel Avenue, Larkspur
Sold Off-Market
Buyer Representation
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Waterfront Home, Belvedere
Sold Off-Market: $8,600,000
Buyer Representation
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1 Orchard Way, Kent Woodlands
Sold: $6,000,000
Buyer Representation
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80 Marina Vista Avenue, Larkspur
Sold: $5,500,000
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603 Goodhill Road, Kent Woodlands
Sold: $5,500,000
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446 Palm Avenue, Kentfield
Sold: $4,500,000
Buyer Representation
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446 Palm Avenue, Kentfield
Sold: $4,500,000
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Private Off-Market, San Anselmo
Sold Off-Market: $3,400,000
Buyer Representation
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5 Palmer Court, Tiburon
Sold: $3,388,500
Buyer Representation
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30 Ross Terrace, Kentfield
Sold: $3,200,000
Multiple Offers
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513 Goodhill Road, Kent Woodlands
Sold: $3,005,000
Multiple Offers
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67 Bolinas Avenue, Ross
Sold: $1,825,000
Buyer Representation
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121 Harbor Drive, Corte Madera
Sold: $1,520,000
Buyer Representation
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14 Bedford Cove, San Rafael
Sold: $855,000
Buyer Representation
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Compass Luxury Report - End of Year 2023 | |
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Marin Home Owners Grapple with Fire Insurance Cancellations.
Marin Independent Journal - June 20, 2024
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Some Home Buyers Are Betting on a Downtown San Francisco Comeback
Mansion Global - June 7, 2024
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Marin County Real Estate
Compass - June 2024
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San Francisco Bay Area Luxury Home Market
Compass - Spring 2024
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John Burns Consulting & Research June 2024 | | |
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San Francisco Bay Area Home Price Appreciation & Market Cycles Since 1990
Compass - May 16, 2024
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June is National Pet Preparedness Month | |
Fire Safe Marin - June 20, 2024 | |
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23 Ross Common, Suite 3 | Ross, CA 94957
415-461-8609 | carey@chcteam.com
chcteam.com | DRE 01323032
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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 is intended for information purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, conditions, sale or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. | | | | |
