Marin County Real Estate Report | May 2023

Marin Market Update

May 2023

The Skinny

WELCOME WORDS The traditional busy spring selling season is here. Higher demand than supply is resulting in more multiple offer scenarios than experienced in the last 8 months. JUST SOLD in SAUSALITO Contemporary 3-level ±1730sf townhouse COMING SOON Single level living with a detached ADU in Mill Valley "I believe in supporting local community." THE JANE FONDO MCBC's all-women's fundraiser ride celebrating food, libations, and gracious hospitality in West Marin BEST BUDDIES INTERNATIONAL Helping to end the isolation of ±200 million individuals with intellectual and developmental disabilities .....and last MARKET STATS - MARIN, MAY 2023

Welcome Words

"HOW'S THE MARKET? " Buyer demand has bounced back from its low point in late 2022. It seems as though many buyers have accepted higher interest rates as the new normal and decided to move forward with pursuing their next property. This higher level of demand is also typical of the spring market. Open houses are seeing increased traffic, more listings are selling, and selling more quickly with multiple offers. That said, sales activity remains far below last spring due to a number of economic and supply constraints. The number of new listings has also dropped dramatically from historic norms, likely due to the “mortgage lock-in effect”. This is when owners with very low, long-term, fixed-rate mortgage are reluctant to sell to then buy at much higher prevailing rates. There is no doubt some uncertainly in the market with inflation, interest rates, stock markets, bank crises, high tech layoffs and federal debt-limit negotiations. The future is unknown, but so far, the 2023 house market has generally been moving in a positive direction. Reach out any time! - Dana | 415-609-7972

Sold in Sausalito Buyer Representation by: Dana Williams

252 Bay Vista Circle | Sausalito 3 BD 3 BA 1730 SF $1,150,000 Nestled in the hills of Sausalito, this beautiful renovated townhome offers spacious living spaces and views of Mt Tam. It has a gourmet style kitchen with top of the line appliances, a sunken living room perfect for entertaining or relaxing, three bedrooms, a den/bonus room and much more. - Buyer Apprecation - "Dana was extremely helpful throughout the entire process of finding a home. He sat down with us at the beginning and went over everything we were looking for in terms of price, size, home aspects we did and did not want and put together a comprehensive list of current options and listings that were previously on the market. Dana was also extremely communicative and accessible through out the process and was able to use his expertise and knowledge to help guide us through the home buying process, which was very helpful as a first time home buyer. Continued here.

Visit 252 Bay Vista Cir.

Coming Soon Seller Representation by: Dana Williams

6 Meadow Drive | Sausalito Multi Family 4 BD 3 BA ±1764 SF ------------- Main house 3 BD 2 BA ±1475 SF Detached Studio Cottage 1 BD 1 BA ±289 SF This spacious multi family property sits on a large flat, fenced lot and includes a 3bd/2ba single level home, a detached 1bd/1ba studio cottage and single car garage, a storage shed and flat front and back yard. It is conveniently located in the desirable Mill Valley neighborhood of Alto Sutton.

Visit 6 Meadow Dr.

MCBC's Jane Fondo

The 2023 Jane Fondo event is a wrap! I had a blast seeing so many ladies enjoying themselves on such a beautiful day. The fact that they were all supporting the Marin County Bicycle Coalition made it just that much better. As a sponsor of the event, I was thrilled to see so many other organizations that share the belief in supporting events that foster healthy living. See you in 2024!

Join me and Best Buddies International

I recently became a Domestique for Best Buddies - the world's largest organization dedicated to ending the isolation of 200 million people with intellectual & developmental disabilities (IDD).

As a cause near and dear to my heart, I am happy to be leading a handful of local (no drop) group bike rides to help support the cause. When: second Saturday of the month. Meet at 8:30am, roll out at 9:00am, and return around 12:30/1pm. Where: start and end at Mike's Bikes Sausalito. Upcoming Rides - Click the link for route and to RSVP June 10th - Alpine Dam Loop July 8th - TBA These events will culminate on October 14th, 2023 at the Best Buddies California event at Skywalker Ranch in Lucas Valley. Please feel free to join us. If you're interested in supporting Best Buddies International at a greater capacity, consider joining my Bay Area Buds team with a much appreciated financial contribution. Thank you, and I hope to see you out there on a ride!

MARKET STATS - MARIN, MAY 2023

That's a wrap! Have a wonderful day! - Dana

Dana Williams Your Partner in Real Estate MyRealtorDanaWilliams.com DRE# 01995115 M: 415.609.7972 dana.williams@compass.com

Statistics are generalities, essentially summaries of widely disparate data generated by dozens, hundreds or thousands of unique, individual sales occurring within different time periods. They are best seen not as precise measurements, but as broad, comparative indicators, with reasonable margins of error. Anomalous fluctuations in statistics are not uncommon, especially in smaller, expensive market segments. Last period data should be considered estimates that may change with late-reported data. Different analytics programs sometimes define statistics - such as "active listings," "days on market," and "months supply of inventory" - differently: what is most meaningful are not specific calculations but the trends they illustrate. Most listing and sales data derives from the local or regional multi-listing service (MLS) of the area specified in the analysis, but not all listings or sales are reported to MLS and these won't be reflected in the data. "Homes" signifies real-property, single-household housing units: houses, condos, co-ops, townhouses, duets and TICs (but not mobile homes), as applicable to each market. City/town names refer specifically to the named cities and towns, or their MLS areas, unless otherwise delineated. Multi­county metro areas will be specified as such. Data from sources deemed reliable, but may contain errors and subject to revision. All numbers to be considered approximate. Many aspects of value cannot be adequately reflected in median and average statistics: curb appeal, age, condition, amenities, views, lot size, quality of outdoor space, "bonus" rooms, additional parking, quality of location within the neighborhood, and so on. How any of these statistics apply to any particular home is unknown without a specific comparative market analysis. 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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