2023 Holiday Newsletter
Buy Great Properties at Fair Prices
When real estate markets slow, buyers and sellers tend to retreat. The Fed’s 11 successive rate hikes to cool inflation have, in an almost singular way, targeted commercial and residential real estate markets. The ancillary bleed out includes a big slowdown for architectural firms, interior design firms, construction companies, developers, mortgage companies, and e-commerce related to homes. Interest rates are at their highest levels in 22 years.
As a long-time investor in residential and commercial properties, I have been thinking a lot about what ultimately governs good decisions on the part of home buyers and sellers in any market. In my book, Real Estate Rescue: How America Leaves Billions Behind In Residential Real Estate And How TO Maximize Your Home’s Value, I have a section devoted to trying to time the market. “A broken clock is right twice a day. Trying to time a real estate market is a fool’s errand. Buying or selling a home based on the prediction of the future market value is a strategy that has left many investors on the sidelines for years at a time during market run-ups”. My advice to my clients is to buy great properties in ANY market at fair prices. The S&P 500 is sitting on an almost 20 percent year-to-date gain. The anticipated recession never came. The market is likely building in anticipation of interest rate reductions in 2024. Yes, money is costly to borrow, but in my professional opinion, should not prevent savvy investors from buying great properties at fair prices. That property, in an average hold of 15-20 years, will have an immeasurable appreciation as a key asset with the added benefit of living in a beautiful home that creates endless memories for you and your family.
Happy holidays. All my best for a safe, happy, and healthy 2024!
Successful Sale Spotlight
December Design Tip
Holidays are all about lighting! If you want to make a quick update to your home in preparation for holiday dinners, check out these surface-mount chandeliers that I used in a project at 155 Jamaica in Tiburon. Timeless, beautiful, and sparkly!
The Agency Forum 2023 in Austin
We had such an amazing time at the 2023 Agency Forum in Austin! A huge thank you to Mauricio Umansky, Billy Rose, and Rainy Austin for leading us through a great week of workshops, guest speakers, and fun events. We feel so lucky to be a part of such an incredibly caring and progressive brokerage with a community that truly feels like family!
2023 Year to Date
Marin County Single Family Home Metrics
2023 Marin Sales to Date
- Undisclosed address, Belvedere: Sold for $23,350,000 (Buyer Represented)
- 9 W Shore Road, Belvedere: Sold for $14,200,000 (Seller Represented)
- 214 Seadrift Road, Stinson Beach: Sold for $13,250,000 (Seller Represented)
- 200 Lagunitas Road, Ross: Sold for $8,700,000 (Buyer Represented)
- 331 Golden Gate Avenue, Belvedere: Pending. List price $7,995,000 (Seller Represented)
- 101 Crown Road, Kentfield: Sold for $7,000,000 (Seller Represented)
- 1 Vista Drive, Kentfield: Sold for $6,200,000 (Seller Represented)
- 63 Dipsea Road, Stinson Beach: Sold for $6,200,000 (Seller Represented)
- 3 Belvedere Way, Belvedere: Sold for $4,000,000 (Buyer Represented)
- 20 Seminary Cove Drive, Mill Valley: Sold for $3,624,500 (Buyer Represented)
- 12 Rosebank Avenue, Kentfield: Sold for $3,575,000 (Seller Represented)
- 20 Allen Avenue, Ross: Sold for $3,500,000 (Seller and Buyer Represented)
- 115 Bayview Avenue, Belvedere: Sold for $3,200,000 (Buyer Represented)
- 612 Eastwood Way, Mill Valley: Sold for $2,905,000 (Seller Represented)
- 24 North Terrace, Tiburon: Sold for $2,725,000 (Seller and Buyer Represented)
- 14 Grace Court, Corte Madera: Sold for $2,700,000 (Seller Represented)
- 70 Bolsa Avenue, Mill Valley: Sold for $2,300,000 (Seller Represented)
- 12 Aqua Vista Sold for $2,300,000 (Seller Represented)
- 134 Linden Lane, San Rafael: Sold for $1,849,000 (Seller Represented)
- 64 Barber, Sold for $1,800,000 (Buyer Represented)
- 251 Cecilia Way Tiburon: Sold for $1,595,000 (Buyer Represented)
- 92 Sir Francis Drake Boulevard, Ross: Sold for $1,525,000 (Seller Represented)
2023 Aspen Sales to Date
- 220 Draw Drive, Aspen: Sold for $8,007,500 (Buyer Represented)
- 139 Fisher Creek, Carbondale: Sold for $2,950,000 (Buyer Represented)
- 102 Evans Road, Unit 206, Basalt: Sold for $1,100,000 (Seller and Buyer Represented)
- 94 Sinclair Lane, Snowmass Village: Sold for $4,800,000 (Buyer Represented)
- 507 West Main Street Unit C-201, Aspen: Sold for $4,000,000 (Buyer Represented)
Real Estate Rescue: How America Leaves Billions Behind in Residential Real Estate and How to Maximize Your Home's Value
As one of the top producing agents in the United States, Tracy has sold more than $4 billion of residential real estate over the course of a 26-year career. Too often, Tracy has seen home buyers and sellers make seemingly innocuous decisions that result in leaving extraordinary amounts of money on the table without them knowing it. Her book provides homeowners a clear roadmap to fully monetize the sale or purchase of their home.
Tracy is currently writing her second book on residential real estate.
What's Happening in Marin?
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San Rafael Lighted Boat Parade www.downtownsanrafael.org/events/ San Rafael's annual holiday lighted boat parade is one of the biggest in the country. It's been a Marin County tradition since 1966! You can watch it from most areas along the San Rafael Canal. |
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Mill Valley Winterfest www.enjoymillvalley.com/winterfest/ Mill Valley’s Winterfest 2023 features a full day of fun with games and activities for families |
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Nutcracker - San Francisco Ballet sfballet.org/productions/nutcracker Experience the magical winter wonderland of toy soldiers, King of the Mice, Sugar Plum Fairy, and so much more. This dazzling production is a kaleidoscope of over 150 dancers accompanied by the SF Ballet Orchestra performing Tchaikovsky’s beloved score. Create everlasting memories with loved ones. |
All information provided is deemed reliable but is not guaranteed and should be independently verified. If your property is currently represented by a real estate broker, this is not an attempt to solicit your listing.
Residential market activity reported to BAREIS MLS. Data deemed reliable but may contain errors and subject to revision. All numbers are approximate.
DRE# 01209397
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