The February Update | Marin County Real Estate Agents

WELCOME TO

The February Update

Your guide to real estate in Marin County and beyond

Notes from the Team

Before we dive into our marketing reports, stats, and so on, we'd like to take a moment to say hello! We've enjoyed working with so many of you through these exhilarating times. Last year, we brought Joe Hosni onto the team as our Director of Operations, and Joe has helped strengthen our infrastructure and plans for an even more exciting year ahead.
 
With Marin's spring real estate market almost upon us, we are monitoring local, regional, and national real estate markets, sales, and trends. Included below are links to Compass' Chief Market Analyst Patrick Carlisle's charts that illustrate the metrics we are tracking closely. We have access to a wealth of market analytics and are happy to share this information if you would like to dive deeper.
 
With decades of award-winning real estate experience, the Smith + Aylwin team is dedicated to helping you achieve your real estate goals. Feel free to reach out regarding your specific needs and questions. We're only a phone call, text, or email away and look forward to continuing the conversation.
 
Wishing you a healthy and rewarding 2024!
 
Bill, Ann, & Joe

SmithAylwin.com

Market Report

 
Anticipating a busy spring

While 2023 was a very strong year for the Smith + Aylwin team, Marin County saw fewer sales than expected overall. The Covid-fueled frenzy of the prior two years settled down by the summer of 2022, then other market factors kicked in to further suppress activity through 2023. Lingering high interest rates and general financial dynamics kept once-interested buyers at bay, and sellers locked in with historically low interest rates chose to stay put and put their energies into updating their current surroundings. The recent drop in interest rates and talk of an economic "soft landing" may paint a different picture for 2024.
 
FOR BUYERS - The next few weeks are a great time to make a move for those considering buying before interest rates drop and buyer demand increases. If you're looking to purchase in 2024, now would be the time to reach out to us to get the process started. Marin County's real estate market is known for its competitive nature, and being prepared and ready to act when the right house comes along is key.
 
FOR SELLERS - This is the ideal time to prep for what many expect to be a very robust spring market. With the lack of inventory, there are buyers at all price points looking, and more will be entering the market in the coming weeks and months. A general rule of thumb is to prioritize your property and keep it in great shape regardless of when you plan on selling. Doing so will give you a competitive edge when it comes time to sell ... regardless of the condition of the market.

 
Market Dynamics

We are huge fans of Compass' Chief Marketing Analyst, Patrick Carlisle and we follow his work closely. Below are eight flip books from Patrick's latest trove tracking our ever-changing markets; more are available upon request. Click on the links below for direct access to the flip books.

BAY AREA MARKET SURVEY

BAY AREA MARKET CYCLES

Compass Mindset

2023 Ultra Luxury Market Report

The end-of-year 2023 Ultra-Luxury Report is here! Of 79 U.S. markets, 23 experienced year-over-year growth in their ultra-luxury segment, as measured by transaction volume. And despite a 15.26% decrease overall in ultra-luxury sales, 1,560 homes priced at $10 million and above traded for a total of $26.84 billion, according to Compass’s Ultra-Luxury Report. The Smith + Aylwin team sold 2 of the 10 highest sales in Marin County in 2023. Click on the image above to access the flip book, and be sure to read page 25 where we share our thoughts.

Compass Market Share

As inventory continues to stay low, Compass stays on top as the #1 residential brokerage in the Bay Area and beyond!

S+A Team Listings

 
We have more coming to the market soon! 
...and four transactions already closed to start the year!

24 Windward Road

3 BD 3 BA 2495 SF $6,195,000

This serene waterfront home is located on a quiet cul de sac bordering a wide expanse of the Belvedere Lagoon.

138-142 Rock Hill Road

Development Opportunity 2.56 Acres $8,000,000

These parcels present an exceptional opportunity to create either one or two exclusive, world-class estates on the coveted Tiburon peninsula.

S+A Team 2023 Transactions

Belvedere

27 Bellevue Avenue

3 BD 6 BA 4205 SF $14,250,000

Belvedere Lagoon

33 Windward Road

5 BD 5 BA 3505 SF $12,485,000

Tiburon

275 Round Hill Road

4 BD 4 BA 4050 SF $9,200,000

BELVEDERE Lagoon

7 Windward Road

3 BD 3 BA 2525 SF $5,995,000

BELVEDERE Lagoon

22 Windward Road

4 BD 4 BA 2860 SF $5,800,000

Tiburon

8 Vía Capistrano

5 BD 3 BA 4101 SF $4,325,000

Paradise Cay

86 St Thomas Way

4 BD 3 BA 3562 SF $3,995,000

Belvedere Island

76 Bayview Avenue

4 BD 3 BA 2770 SF $3,390,000

Tiburon

1 Cayford Drive

4 BD 4 BA 3985 SF $3,100,000

Tiburon

10 Rowley Circle

4 BD 3 BA 3166 SF $2,925,000

Corte Madera

481 Montecito Drive

3 BD 3 BA 2183 SF $2,200,000

Tiburon

51 Lagoon Vista Road

2 BD 2 BA 1360 SF $1,900,000

Tiburon

15 Harbor Oak Drive, Unit 22

2 BD 2 BA 1345 SF $1,715,000

Tiburon

266 Cecilia Way

3 BD 1 BA 1015 SF $1,450,000

Belvedere

73 West Shore Road

3 BD 3 BA 2100 SF $15,000

BELVEDERE Lagoon

40 Peninsula Road

3 BD 2 BA 1977 SF $12,600

February Events
in Marin

The Marin Dish has a wonderful collection of monthly events and activities on it's website. Click on the link to the left for direct access to the February list.

Thanks for reading! Ready to achieve your next real estate goal?

We are always here as a resource for you in the Bay Area. We also have partnerships all over the country, so if you're considering a move out of the area, we can help.

GIVE US A CALL

#1 Team in 94920
#5 Team in Marin
Top 100 Small Teams in California
80% Repeat and Referral
 
Bill Smith +
Ann Aylwin
 
Luxury Property Specialists
 
Bill: 415-902-4456  
Ann: 415-902-3909
 
[email protected] [email protected]
 
DRE 01229913 | 01960821

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 informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, 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. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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The February 2024 Update

Explore Marin with Us

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The February 2024 Update

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Explore Marin with Us