Navigating Uncharted Waters in the Marin Real Estate Market

Marin Mommies presents a sponsored article from the Smith + Aylwin team.

With decades of experience navigating the Marin real estate market, the Smith + Aylwin team is ideally suited to steward the home buying and selling process during this challenging time.

Marin Market Report

The normal patterns of the real estate market, with peaks in the spring and fall, and troughs in the summer and winter, have been thoroughly disrupted this year. After a steep plunge in activity in March, the Marin market has rebounded dramatically. By June, 2020 sales had surpassed 2019 sales, which was remarkable, given that activity was essentially frozen during the first few months of sheltering-in-place. It has been observed that “If these charts were mountains, we would need climbing gear."

This extraordinary demand has been driven by city dwellers coming to Marin, looking for more room to spread out, work from home, and recreate. Marin offers the best of all worlds - vast expanses of green space and waterfront, lovely neighborhoods with charming village centers and award-winning schools, and an easy and picturesque commute to San Francisco by ferry or the Golden Gate Bridge. It’s no wonder so many are flocking here right now.

During the month of August, home sales were up 39.4% year over year, and the average selling price rose 11.5% to $1,504,000. New listings are up 35%, and the number of listings going into contract are up 65%. Buyers are snapping up listings faster than sellers are putting their homes on the market. ⁠The fastest selling homes are single level, 3 bedroom, 2 bath homes with a yard.

Demand is continuing unabated, but it is impossible to predict how long this pace will continue. The further opening of businesses, the election, the toll on the overall economy, and the uncertain length and trajectory of the pandemic, may all come into play at some point to temper this trend. Those considering selling would be wise to act now to take advantage of this extraordinary moment in Marin real estate.

The Smith + Aylwin team offers a variety of resources to help maximize the sale of their clients’ homes. Compass Concierge provides interest-free funds for services, including staging, flooring, painting, and more, that help homes sell faster and at a higher price. The team also offers Compass Coming Soon and Aalto, private and off market property networks that provide invaluable exposure to pre-qualified buyers and their agents.

The Smith + Aylwin Team

Bill and Ann are among the top half-percent of real estate agents nationwide. Their years of experience have resulted in record high sales and countless awards. They credit their success to their deep area knowledge and love of Marin. They enjoy giving back, and have participated in numerous philanthropic projects throughout the county, including school and community foundations, library boards, and support for underprivileged youth.

For assistance with any real estate needs, contact:

Bill Smith + Ann Aylwin
Luxury Property Specialists
Phone: 415.902.4456    | 415.902.3909
Email: Bill.Smith@Compass.com | Ann.Aylwin@Compass.com
DRE: #01229913 | #01960821
SmithAylwin.com